The Australian Financial Complaints Authority has updated the monetary limits and compensation caps for the complaints it receives from January 2024 onwards, which notably exclude superannuation complaints.

More than 5.2 million young Australians are missing out on higher superannuation returns by investing their retirement savings in default MySuper accounts, according to research from Innova Asset Management.

Well-performing listed tech stocks were a key contributor to its calendar year 2023 returns, the fund told Super Review, as it shares its investment areas of interest for the year ahead.

Kevin O’Sullivan, who served as chief executive at the $124 billion fund for eight years, is to commence immediately on the Compensation Scheme of Last Resort’s transitional board.

In its submission to Treasury, the Association of Superannuation Funds of Australia has said the government’s proposed fee provisions are “too narrow” to be effective.

A recent survey of over 1,000 Australians has identified super as a source of comfort about their financial wellbeing in the future, even as millions currently grapple with the cost-of-living crisis.

Well wishes have been pouring in for the superannuation veteran, who formally retired at the end of 2023 after more than four decades in the industry.

The Treasury has opened a consultation on the final policy design of corporate climate-related financial disclosure requirements, outlining what super funds will need to do.

Robert Hogg will be stepping down from his role at the $124 billion super fund to join an Australian fund manager as its new group CIO.

The $77 billion fund has reported a double-digit annual return from its Balanced Growth investment option in 2023 and elaborated on how it plans to stay agile amid challenging market conditions.