Australians are being urged to better engage with their super, with new research finding almost a quarter don’t have enough money in their super or other investments to get by in retirement.
The super fund has appointed a new head of global real assets to lead the newly combined infrastructure and property teams, as it seeks to double its mid-risk portfolio to over $150 billion by 2030.
The super fund has welcomed its first chief financial officer after a two-month recruitment process, following the departure of its chief operating officer and chief investment officer over the last two months.
A former banking chief executive has been appointed as chair at Equip Super as Danny Casey steps down after six years.
Amid recent talk of liquidating the $260 billion sovereign wealth fund to pay down government debt, former RBA governor, Ian Macfarlane, has described how the move would be a “sign of desperation and irresponsibility”.
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.