The introduction of the superannuation heatmaps are among departing APRA executive Helen Rowell’s proudest achievements during her career.
The Prime Minister has appointed Greg Combet as chair of the government’s Net Zero Economy Agency, leading to him stepping down from his role as chair of Industry Super Australia and IFM Investors.
Research by Rainmaker Information has analysed the portfolio holdings of MySuper and ESG investment options, finding ESG products overweight in CSL, Telstra, and ResMed.
The Australian Institute of Superannuation Trustees and Industry Super Australia have voiced their support in allowing super funds to broaden their financial advice offering.
A superannuation trustee has been fined $1.46 million for failing to direct 125 member contributions to a MySuper product.
Cbus’ chief investment officer, who has been acting CEO since March 2023, has been appointed to the role permanently, with chief member officer, Marianne Walker, as deputy CEO.
Australia’s two largest superannuation funds have welcomed today’s Quality of Advice Review announcement in a joint statement, stating the recommendations are a “positive step forward”.
The Government has accepted some 14 of the 22 recommendations in the Quality of Advice Review, allowing super funds to provide more retirement advice and information to their members.
The Association of Superannuation Funds Australia has welcomed the government’s formal response to the Quality of Advice Review.
SMSFs are increasingly allocating their funds into cash and cash products as economic headwinds impact the share market according to the latest Vanguard Investment Trends report.