APRA has broken down the total super assets and member demographics of its MySuper products, providing insights into the make-up of the superannuation sector.
Cbus has made changes to its strategic asset allocation, completely removing an allocation to global real estate investment trusts from the majority of its investment options.
FSC chief executive, Blake Briggs, is calling for CGT relief to be extended to trustee-directed products to prevent members from being left in underperforming funds for tax reasons.
SuperRatings has released the latest data for superannuation fund performance in the third quarter of 2023.
The Future Fund has appointed two new deputy chief investment officers in a management shake-up.
The corporate regulator’s crackdown on SMSF auditor misconduct continued in the third quarter, with ASIC taking action against 11 auditors who were all referred by the Australian Tax Office.
TAL has appointed a new chief executive of group life and retirement who has been at the firm for more than 20 years.
A superannuation trustee accused of taking $165 million from beneficiaries as part of a grandfathering commission “scheme” said the allegations were “inaccurate, unfair and contrary to principle”.
Funds under management and advice in the industry and public super fund segment have risen 8.5 per cent in the 2022–23 financial year to $1.7 trillion.
HESTA has called for a goal on eliminating the gender superannuation gap in its submission to the Treasury’s objective of super consultation.