Iress is seeking to build out its superannuation teams as it bolsters this business segment following strong revenue growth.
Australia’s largest super fund has increased its stake in Origin Energy, describing its current share price as “substantially below” its long-term value estimation.
Sydney-based Maple-Brown Abbott has been selected to execute a new Australian active small caps mandate in the sovereign wealth fund’s $65 billion listed equities program.
APRA has announced plans to strengthen guidance for trustees to enhance member outcomes for superannuation.
The $8.4 billion fund has announced its intention to explore merger options for the future, noting rapid consolidation in the industry and a declining number of corporate super funds.
Australian Retirement Trust has confirmed the departure of a senior investment executive, just weeks after it was announced CEO Bernard Reilly will be stepping down.
TelstraSuper, Aware Super, Australian Retirement Trust, HESTA, and UniSuper are some of the prominent super funds that have qualified as finalists this year.
With so much M&A activity in the superannuation space, challenges in their implementation are indicating a slowing pace ahead with the possibility of the industry having reached ‘peak’ merger.
The value of advice is hitting home at retirement, according to AMP research, which reveals 75 per cent of older Australians find the retirement system too complex.
Independent super trustee Equity Trustees has seen funds under supervision rise to $50 billion.