The annual expenditure needed to reach ASFA’s comfortable retirement standard rose again in the June quarter as retirees continue to face significant cost pressures on their budgets.
New research from Aware Super on the occasion of Equal Pay Day reveals Australia’s 13 per cent gender pay gap will equate to a $93,000 deficit in women’s super balances compared to men at retirement.
Regardless of their retirement status, women are displaying less engagement with their super fund and a third have never initiated contact with their fund, according to Vanguard analysis.
The corporate super fund has entered a five-year partnership deal with Link Group to expand its technology platforms and customer experience.
Super funds have seen a promising start to the new financial year, with the median growth fund returning 1.5 per cent in July driven by strong listed sharemarket performance.
Rest has announced it will close its bonds and shares options to new members from 30 September 2023.
ASIC has commenced “urgent proceedings” in the Federal Court of a former Sydney financial adviser regarding fees charged to clients' superannuation.
Since the removal of the $450 monthly income threshold for super contributions last July, almost 170,000 female Rest members are receiving more in their super.
After acquiring full ownership of Oak Tree Retirement Villages, the super fund has become one of Australia’s largest owners of retirement living assets.
Colonial First State has appointed John Iles, a former portfolio manager at AustralianSuper, as its new head of cash management and derivatives.