SuperRatings has released its latest monthly statistics, demonstrating how funds have built on an upward trend in markets in the first month of the new financial year.

A think tank has advocated liquidating the fund to pay down $895 billion government debt, noting it is the 10th-largest Commonwealth expense by function and will soon struggle to justify its presence.

With many super fund members passing away with retirement funds unallocated, there is an opportunity for change to allow them to direct their super to charitable organisations, writes Rohani Bixler.

The corporate regulator has commenced its third civil penalty proceedings for alleged greenwashing, with the super fund holding investments in Russia when it had listed it as an excluded country.

AMP and Commonwealth Bank have shared updates on ongoing superannuation class actions as they release their financial results.

The $1.3 billion Islamic finance provider has announced Hejaz Islamic Super and Pension, the first Islamic account-based pension product directly offered to Australians.

The $160 billion fund has named Justin Howell as its chief operating officer for investments alongside new heads of portfolio management and business development.

Financial advisers working at super funds make up just 3.8 per cent of the financial advice industry while the number of licensees make up less than 1 per cent.

With three-quarters of Australians viewing data breaches as one of the biggest privacy risks today, the amount of data requested and handled by their super fund remains a growing priority.

A 50-year-old woman who seeks advice stands to be $192,000 better off in retirement, while the figure stands at a whopping $472,000 if they start at 35, according to new modelling.