Hostplus and UniSuper announce FY22–23 performance

Two of Australia’s largest super funds, with over $100 billion in funds under management each, have delivered positive returns although one fell short of double-digit returns.

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Will super fund advice sink or swim?

Scope, competency, and charging arrangements will be the three critical factors when it comes to superannuation funds providing financial advice, according to Minister for Financial Services, Stephen Jones.

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ASIC and APRA’s findings of RIC’s first year

One year into its implementation, a joint ASIC/APRA thematic review has found trustees need to make more progress on enhancing retirement outcomes for members under the Retirement Income Covenant.

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Are you with the top 10 super fund of 2022–23?

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super.

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APRA falls short on unlisted assets oversight

A review has found APRA’s supervision and resolution work in unlisted assets and associated valuation practices may have been “deprioritised”, emerging more in response to media coverage of the issue.

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CFS agrees $100m super class action settlement

Colonial First State Investments has reached an in-principle $100m settlement regarding a superannuation class action about grandfathered commission.

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Albanese names RBA successor for Lowe

Prime Minister Anthony Albanese has announced the successor for Philip Lowe at the Reserve Bank of Australia.

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FRAA makes five recommendations for APRA

The Financial Regulator Assessment Authority has released its review of the Australian Prudential Regulation Authority.

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Aboriginal elder loses legal bid to access pension early

Uncle Dennis’ bid to access the age pension three years early, on the grounds that Indigenous Australians have shorter life expectancies, has been rejected by the Federal Court.

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The YFYS dilemma between active and passive

A UK fund manager who works with Australian super funds believes they are nervous about being left exposed if the investment cycle changes but under pressure to invest in passive in order to pass the Your Future, Your Super test.

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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 6 months ago
Kevin Gorman

Super director remuneration ...

1 year 7 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 7 months ago

Introducing reforms for strengthening simpler and faster claims handling and better servicing for First Nations members are critical priorities, according to the Super Me...

20 hours ago

The peak body stressed that the proposed financial advice reforms should “pass as soon as possible” and has thrown its weight behind super funds providing a greater level...

20 hours 49 minutes ago

The Commonwealth Bank has warned that uncapped superannuation concessions may be “unsustainable” and has called for the introduction of a superannuation cap....

21 hours ago