As it endeavours to strike a balance between implementing a clearer and simpler regulatory framework while still holding industry to account, the prudential regulator has shared its take on claims of ‘overregulation’.

Over 65 per cent of flows into the $4.3 trillion funds management industry come from superannuation, according to a report by KPMG and the FSC, but unintended consequences have arisen from the performance test.

A new report has discovered that superannuation fund member loyalty has reached its strongest peak in three years, driven by trust and competitive fees.

Australians researching the term ‘retirement planning’ have risen by over 50 per cent in the last month, according to Aware Super, as the fund encourages members approaching retirement to seek personal advice.

The fund’s new lifetime pension product is designed to provide a layer of income protection while helping maintain savings when used in conjunction with its account-based pension.

The government has announced it is taking steps to amend the transfer balance cap to prevent super fund members from being adversely impacted when funds merge.

ART’s chief investment officer, Ian Patrick, and Future Fund’s deputy CIO, Alicia Gregory, have weighed in on the ways their funds are preparing for change, which include warming up to outsourced capabilities.

A former super executive has set up a retirement coaching program, warning Australia’s ageing population might be overlooking important considerations as they step into their next phase of life.

Flagging that Superhero Super is ‘at the forefront’ of the platform’s growth efforts, Superhero has welcomed three experienced super executives into the fold.

There were over 20 winners at the 2023 Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.