Australia’s sovereign wealth fund has added billions in value to the Future Fund over the last 12 months, a strong result given the turbulent market environment.
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.
With member confidence constantly tested amid market volatility, super funds are struggling to provide clear, timely, and empathetic member communication – an area that’s coming under increasing regulatory scrutiny.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
While the latest quarterly CPI print exceeded expectations, most economists still anticipate a rate cut, especially amid growing downside risks to global growth stemming from uncertainty around US tariffs.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.