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Super changes kick in for FY2023–24
As the new financial year kicks off, multiple changes to superannuation funds will take effect this month including an increase in the Super Guarantee and transfer balance cap.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
RIAA CEO steps down after a decade
Responsible Investment Association of Australasia chief executive, Simon O’Connor, is to step down from the organisation after more than a decade.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
ASIC review finds poor trustee practices on duplicate member accounts
The corporate regulator has pulled up super trustees on their efforts to consolidate duplicate member accounts after a review found poor practices in both industry and retail funds.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
MyNorth Lifetime gains traction with advisers
Over half of Australian advisers are now authorised to write retirement solution MyNorth Lifetime under their approved product lists since its launch in October last year.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Super switching in latest FSCP complaint
A relevant provider who encouraged a client to switch superannuation funds without obtaining the necessary information is the subject of the Financial Services and Credit Panel’s latest complaint.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
AustralianSuper appoints deputy CIO
Damian Moloney, based in AustralianSuper’s London office, has been named deputy chief investment officer of the $300 billion super fund.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
HESTA faces greenwashing legal complaint from fund member
A fund member has raised concerns about HESTA’s representations of its climate credentials and engagement strategy, which may amount to misleading and deceptive conduct.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Qld home to fastest-growing super funds
Following the successful merger of Brighter Super with Suncorp Super, the Sunshine State is now home to two of Australia’s fastest-growing superannuation funds.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Median fund growth estimated to hit 8.5% by EOFY
Resilient sharemarkets have been attributed as the main driver of returns, with the median growth fund return expected to sit at about 8.5 per cent by the end of June, according to Chant West.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
High lack of awareness around SG rates
Almost three-quarters of Australians are unaware of the current superannuation guarantee rate.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
