Coalition slams government’s plans to revise performance test
The shadow minister for financial services says reworking the superannuation performance test to allow investment in house and clean energy risks turning super into a ‘slush fund’ for government.
Super assets hit $4.3tn over June quarter
Australia’s superannuation sector has expanded strongly over the June quarter, with assets, contributions, and benefit payments all recording notable increases.
AUTHOR
Adrian Suljanovic
Payday super delays threaten women’s retirement savings, SMC warns
The Super Members Council (SMC) has called on the government to urgently legislate payday super, warning that delays will further undermine the retirement savings of Australian women.
AUTHOR
Adrian Suljanovic
Peak body says performance test must evolve with system
ASFA has highlighted that regulation should not be “set and forget” and calls for a modernised test to meet future needs.
AUTHOR
Adrian Suljanovic
AMP Super explores use of crypto ETF investments
The super fund is open to the idea of using crypto ETFs to invest in the asset class, but says there are important compliance checks to tick off first.
ASIC targets trustee over $160m Shield super losses
ASIC has launched civil penalty proceedings in the Federal Court against one of the super trustees wrapped up in the Shield Master Fund failure.
AUTHOR
Keith Ford
Super associations back government’s targeted performance test review
Industry associations have welcomed the Treasurer’s review into the superannuation performance test and called for targeted changes that would enable investment in certain assets with strong long-term performance.
Funds step up preparations for payday super reforms
Super funds are strengthening systems and modelling member benefits ahead of payday super.
AUTHOR
Adrian Suljanovic
RIAA notes importance of transparency following ART investment
The responsible investment body has emphasised the importance of clear communication as ART takes a substantial shareholding in Tabcorp.
AUTHOR
Adrian Suljanovic
ATO approves real-time payments for super contributions
The Australian Taxation Office (ATO) has approved real-time payments for superannuation, removing a major hurdle ahead of payday super reforms.
AUTHOR
Adrian Suljanovic
