With AFCA noting a rising number of members contacting them directly, there are concerns that super funds’ internal dispute resolution processes are lacking even as ASIC raises the bar on internal complaints handling.

Payday super is part of a “whole program of work” to reduce unpaid superannuation by employers, according to Minister for Financial Services, Stephen Jones.

Australians are retiring later than other countries across the globe at 65, compared to the global median age of 61, while Australia's global retirement ranking has fallen two spots.

The fund has commenced a search for a new chief financial officer to succeed Kulwant Singh-Pangly, who steps down at the end of September.

The establishment of a $10 billion housing fund is an important step towards increasing the supply of affordable housing in Australia while providing new investment avenues for institutions, according to leading super bodies.

HESTA has appointed Dianne Sandoval as head of portfolio design, joining from a public pension fund in Saudi Arabia.

Legalsuper has lost a second C-suite executive as its chief investment officer, Norman Zhang, will be leaving in December, just weeks after it announced the exit of chief operating officer Trevin Erichsen.

In line with the fund’s digital transformation project, Aware Super’s new portal enables independent financial advisers to more efficiently manage clients’ investment options and be less reliant on call centres.

The super fund expects its partly owned airports’ revenue to exceed pre-pandemic levels over the next few years, acting as a valuable sector in its infrastructure asset class.

AustralianSuper has made its first significant venture into data centres with a $2.5 billion deal with global alternatives investment manager DigitalBridge Group.