Paying super on payday, rather than quarterly, could support 1 million women’s retirement savings, says ISA.
Around a quarter of Australians still hold two or more superannuation accounts despite consolidation efforts, with unclaimed super rising by $2.1 billion.
The two funds would back Intera Renewables, a newly-established platform that would aggregate five operational renewable energy assets across Australia into a single entity of scale.
Following public criticism last year, improvements to energy firm AGL and a new chief executive mean HESTA has removed the firm from its watchlist.
Commonwealth Super Corporation has shared how the fund is progressing through its five-year transformation project plus the thinking behind the termination of a planned merger with AvSuper.
The closure of BT’s Retirement Wrap is part of a streamlining process of its remaining super business not part of the merger, the firm confirmed.
Industry super fund NGS Super has revealed it fell victim to a cyber attack earlier this month that resu
Some 80% of retirees say they are already negatively feeling the impact of inflation and the majority are concerned it will mean they run out of money, according to Challenger.
The corporate regulator has reiterated its commitment to addressing greenwashing in the superannuation industry since launching court action against Mercer Super last month.
According to Roy Morgan, member satisfaction in superannuation funds decreased from 72% in January 2022 to 66.6% during February 2023.