AusSuper issues $70m member refund after processing failure

AustralianSuper will remediate around $70 million to 100,000 members after a review discovered the fund had failed to identify every instance of multiple member accounts.

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Do super funds get wrapped up in the ‘feel-good ESG blanket’?

There could be political resistance to ESG if super fund members feel they are given a lack of choice when it comes to their investments, according to this political science professor.

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Problematic companies cannot be ‘divested away’: HESTA

HESTA chief executive, Debby Blakey, has warned companies and superannuation funds cannot just “divest away” problem companies and should be pushing them for improvements.

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Budget 2023: Spending limit thwarts Govt's abilities on paid parental leave

“There's a limit to what we can do in the equity agenda,” said Stephen Jones.

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Equities drive strong market performance in April

Super funds look on track to deliver strong absolute returns by the end of the financial year, though inflation continues to pose an ongoing challenge, according to SuperRatings.

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Budget 2023: SMSF Association calls for extended $3m super consultation

The SMSF Association has pushed the government to re-open its consultation into the higher tax rate for members with more than $3 million in their total super balance.

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Budget 2023: Thumbs up from super but missed opportunities

Super funds and organisations have given a thumbs up to Treasurer’s Jim Chalmers’ federal budget but highlighted opportunities to improve the gender super gap were missed.

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Budget 2023: No super surprise from Chalmers

Treasurer Jim Chalmers has handed down his second Budget, confirming the introduction of a 30 per cent tax rate for $3m super balances but lacking any mention of super payments on paid parental leave.

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Budget 2023: What can we expect in super?

Redefining the purpose of superannuation and revising the concessional tax rate are among the key themes of this evening’s federal budget announcement.

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Worries over ESG Choice funds’ inclusion in performance test

There are concerns that updated proposals to the Your Future, Your Super performance test will fail to improve the situation for ethical or ESG funds, especially if niche Choice funds are added to the test.

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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 6 months ago
Kevin Gorman

Super director remuneration ...

1 year 6 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 6 months ago

Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax ...

5 hours 59 minutes ago

Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations o...

6 hours ago

Institutional investors have increased their risk exposure over June amid tempered levels of market volatility....

6 hours ago