A busy 2023 for the super industry

Coming to the end of 2023, Super Review looks back on what marked a busy year for the industry, including a number of noteworthy consultations and legislation.

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Former director imprisoned for dishonest conduct

ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six investors’ SMSF accounts.

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Government selects super consumer advocate for $5m grant

A consumer advocacy group has been awarded a $5 million grant towards supporting policy development and improving member outcomes in the superannuation sector.

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Aussies call for redefining retirement for a longer lifespan

Over half of Australians hope to live to 100 years, according to MetLife, and 90 per cent believe retirement should be redefined to account for a longer lifespan.

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Australian Unity embarks on trustee business strategy with hire

Australian Unity has appointed an executive general manager for trustees within its wealth and capital markets platform as it embarks on the next stage of its trustee business strategy.

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Prime Super chooses next custodian

Prime Super has appointed a new custodian as the fund’s current provider of custodial services NAB Asset Servicing winds down its operations.

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Super funds report ‘tremendous’ November performance

Strong share markets have propelled positive superannuation fund performance across all risk categories in November and could mean this year’s annual returns offset 2022 losses, according to Chant West.

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Mine Super and TWUSUPER unveil name

One year on from the merger announcement, Mine Super and TWUSUPER have confirmed the name of their merged fund, due to be completed in mid-2024.

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FEAL appoints director as Hostplus’ Watson retires

FEAL has appointed a director to the board to replace Hostplus’ group executive of member experience Paul Watson who leaves after 17 years.

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AustralianSuper and Link Group to extend partnership

Australia’s largest superannuation fund and Link Group have announced an MOU to extend its partnership until at least 2028, as AustralianSuper focuses on internalising its death claims management.

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Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 10 months ago
Kevin Gorman

Super director remuneration ...

1 year 10 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 10 months ago

Australia’s superannuation funds are becoming a defining force in shaping the nation’s capital markets, with the corporate watchdog warning that trustees now hold systemi...

16 hours ago

Payday super has passed Parliament, marking a major shift to combat unpaid entitlements and strengthen retirement outcomes for millions of workers....

16 hours ago

The central bank has announced the official cash rate decision for its November monetary policy meeting. ...

1 day 11 hours ago