The $25 billion super fund has completed the acquisition of the Victorian Port alongside alternative investment firm Stonepeak and will hold a 30 per cent stake.
The deal would enable Link Group’s superannuation fund clients to access a suite of Allianz Retire+ next generation retirement income solutions.
Superannuation bodies have come out in support for a new reform that would require employers pay employees’ super at the same time as their salary and wages.
In an interview with Super Review, Mercer Super chief executive Tim Barber has shared how the fund is placed post its merger with BT Super and his views on APRA’s consolidation push.
With Australians contributing a record $163 billion into their accounts in 2021-22, the superannuation market is in robust shape, according to Rainmaker Information research.
After over a decade as director of Spirit Super, Sue Dahn is set to join HESTA as director and investment committee chair this July.
A second superannuation fund has received an infringement notice from ASIC over alleged greenwashing, this time related to a social media post by the fund, following earlier action against Mercer Super.
Super associations have urged the regulator to help members of underperforming Choice funds after its heatmaps found one in five were significantly underperforming the benchmark.
ASIC has banned Terence Rio Nugara, director of Skynet Financial Services, for obtaining $1.6 million from misleading clients and enabling the early release of superannuation.
Hostplus and Industry Fund Services are the latest sign-ups to Iress’ new tool that combines digital advice with personalised financial education based on member demographics and preference data.