ASFA questions whether funds are really failing retirees
While the super sector has faced criticism over the modest take-up and development of retirement products, ASFA said this may relate to a lack of demand rather than a lack of supply.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
UniSuper expands logistics portfolio with ‘prime’ land buyout
The $124 billion fund has made its first major industrial purchase of the year.
AUTHOR
Jessica Penny
Super fund performance trailing SMSFs, research finds
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
Industry body proposes $2k government payment towards retirement planning
In a Treasury submission on the retirement phase of superannuation, the Financial Advice Association Australia has recommended a $2,000 means-tested payment over the next decade to pre-retirees to help pay for financial advice.
AUTHOR
Keith Ford
Vanguard urges ‘personalised’ retirement solutions key to boosting outcomes
In response to the government’s consultation on the retirement phase of superannuation, Vanguard Australia said that more personalised retirement solutions would help improve retirement outcomes and close the advice gap.
AUTHOR
Keith Ford
Challenger sees 190% growth in lifetime annuity sales following Aware Super deal
Challenger reported growth of 190 per cent in lifetime annuity sales, having realised an “extraordinary” opportunity in retirement.
‘Make super fairer’, industry bodies urge government
In their pre-budget submissions, the Super Members Council and Association of Superannuation Funds of Australia have proposed reform to bring equity issues in superannuation to the forefront.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
AustralianSuper proposes single super ‘account for life’
In a Treasury submission, the $316 billion fund has recommended funds be able to combine members’ accumulation and retirement accounts towards a more streamlined system.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
IFPA cracks down on ‘broad-brush’ super objective
The professional body has opposed legislating an objective of superannuation in its latest submission to the Senate Economics Legislation Committee.
AUTHOR
Jessica Penny
Brighter Super ramps up commercial focus with new team
The $31 billion fund has welcomed new heads of retirement, marketing, customer experience and product within its newly created commercial division.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
