Liquidating the fund to pay down government debt, as suggested by a think tank, would come at a lost value-add of some $200 billion over a decade, according to modelling by Willis Towers Watson.
Accusing Labor of ‘drip-feeding’ the idea to suit them politically, the Greens has announced its support for planned changes to super tax concessions will be contingent on ensuring super on paid parental leave.
Global investor confidence has seen its largest spike in 18 months, according to the latest State Street Global Investor Confidence Index, with all three regions seeing positive gains.
While well above the long-term average over the last 15 years, satisfaction ratings among super fund members have fallen this year, with retail funds as the lowest-rated category.
How profit-for-member superannuation funds can embed 'commerciality with a heart' and marry a member-first culture with commercial outcomes.
The superannuation trustee business has announced a 29 per cent growth in funds under supervision to $44.8 billion in the financial year 2023, up from $34.7 billion in the previous year.
Improving superannuation transparency and increasing focus on retirement outcomes are among APRA’s strategic priorities for super in 2023–24.
Hostplus has completed its merger with Maritime Super, bringing its total funds under management to more than $100 billion.
The government has released further exposure draft legislation on the proposed objective of superannuation, reflecting feedback received from its first consultation earlier this year.
The super fund has created a new feature on its app where members can track the progress of their transactions in real time, updating paper-based processes.