Super funds could see data around their political donations and promotional expenses published for members under new APRA proposals to improve transparency.
Linking with grassroots groups and ensuring First Nations people take the lead are key to servicing Indigenous clients, according to an Indigenous finance coach.
Over a quarter of Australians continue to rely on their superannuation to leave a legacy, although this isn’t the intended purpose of the system and continues to be a tax-ineffective solution, according to research.
Industry fund AMIST Super, the superannuation fund for employees of the meat industry, has rebranded to reach a broader membership base.
After 14 years on the board of Australia’s sovereign wealth fund, former treasurer Peter Costello has advised the government he will not be seeking a third term as chair.
The government is seeking industry feedback on its proposal to implement payday superannuation, a measure previously announced in the 2023–24 Budget.
Treasurer Jim Chalmers has announced the appointment of a Macquarie Group veteran to the board of Australia’s sovereign wealth fund.
Australia’s sovereign wealth fund is to be held to the same level of disclosure obligations as super funds from next year, requiring periodic investment disclosures under new rules announced by the Minister for Finance.
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While broadly agreeing to the objective of super exposure draft legislation, RIAA has called for the definition of ‘sustainable’ to look beyond just financial sustainability for Australia’s retirees.