AustralianSuper bolsters UK operations with senior hires

A number of industry veterans have joined the London office of Australia’s largest superannuation fund, which currently has some $40 billion invested in the UK and Europe.

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Levy doubts super funds’ capacity to provide retirement advice

Michelle Levy, reviewer of the Quality of Advice Review, believes super funds already have too much on their plate to provide retirement income advice to members.

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Where do super funds think the ATO can improve?

Super funds have shared the areas where they believe the Australian Taxation Office could improve its efforts.

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Confidence muted as investors stay defensive

The State Street Global Investor Confidence Index has seen a muted rise in June with a rise of just 0.8 points as investors remain defensive.

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Former Mercer exec to lead product at Equip Super

Equip Super has announced the appointment of Anthony Angelucci, a former head of product and strategy at Mercer Super, to a similar role at the $30 billion fund.

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NGS Super on track to decarbonise portfolio by 2030

The $14 billion industry fund has announced its MySuper portfolio is around 13 per cent ahead of the required trajectory to carbon neutrality by 2030.

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Director pulled up by ASIC for misleading SMSF members

| By Rhea Nath |

The corporate regulator has taken civil action against an unlicensed director for offering clients at least 25 unregistered property investment opportunities either personally or through their SMSFs.

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ASIC warns unions on financial advice laws

Two unions and the Australian Council on Trade Unions have been formally warned by ASIC that its member communication around three super funds need to avoid breaching financial advice laws.

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UniSuper’s cautionary tale after GEO option reports 89% performance fall

UniSuper CIO, John Pearce, has delivered a cautionary tale after its Global Environmental Opportunities option returned 5 per cent in the financial year 2022–23, having previously delivered annual returns of 48 per cent.

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CPI slows in June quarter

CPI inflation has slowed in the June 2023 quarter with the ABS reporting the lowest quarterly rise since September 2021.

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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 8 months ago
Kevin Gorman

Super director remuneration ...

1 year 9 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 9 months ago

The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO. ...

16 hours 18 minutes ago

ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement....

16 hours ago

The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity....

16 hours 38 minutes ago