Natalie Previtera, acting chief executive at NGS Super for the last nine months, has been permanently appointed to the role with unanimous board support.
The SMSF Association has welcomed the Senate Economics Legislation Committee’s decision for the Government to revisit legislative amendments that target franked distributions funded by capital raisings.
AvSuper is expecting to sign a heads of agreement to merge with Australian Retirement Trust this quarter and to complete the merger by Q1 2024.
A property developer has been charged with fraud for misappropriating funds withdrawn from investors’ super funds and savings accounts to invest in a Queensland development.
Helen Rowell, deputy chair at APRA, will step down at the end of June after more than 21 years at the prudential regulator.
The two industry super fund-owned firms have confirmed they are exploring the merits of a potential merger at the request of significant shareholders.
The corporate regulator has issued its first interim stop order on a superannuation product under the design and distribution obligations.
Following an extensive due diligence process, the merger of Spirit Super and Care Super is expected to be completed in late 2024, creating a $50 billion combined fund.
Superannuation funds look to finish the financial year with an 8.1 per cent return, well above the typical long-term return objective of around 6 per cent per annum, according to Chant West.
APRA chair, Margaret Cole, has confirmed in the latest Senate estimates session that it is investigating payments by super funds to unions.