European sentiment lifts investor confidence index

The State Street Global Investor Confidence Index (ICI) increased by 3.8 points to 81.4 in March, up from 77.6 in February.

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Investment team changes announced at ART

Damian Lillicrap has departed the superannuation fund after 13 years while Andrew Fisher will step up to lead investment strategy.

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Govt opens consultation on $3m super balance tax changes

The consultation paper on doubling the concessional tax rate for superannuation balances exceeding $3 million would take feedback from stakeholders until mid-April.

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Two charged over fraudulent $3.5m SMSF scheme

| By Laura Dew |

Two Sydney accountants have been charged with defrauding clients of $3.5 million in a self-managed superannuation fund scheme.

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Super fund CEO to retire

The chief executive of one of Australia’s major superannuation funds is to retire in May as the board moves to focus away from mergers and towards organic growth.

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AAT refuses adviser’s stay application on ASIC ban

A ban on Jeneve Matai, head of advice for the superannuation team at National Advice Solutions, has been refused by the Administrative Appeals Tribunal.

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Government cracks down on unpaid super

Employers could face civil penalty actions if they fail to make superannuation payments to their staff under legislation to be introduced to Parliament this week.

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One in four women ‘ripped off’ by quarterly super

Paying super on payday, rather than quarterly, could support 1 million women’s retirement savings, says ISA.

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Unclaimed super rises to $16b despite consolidation efforts

Around a quarter of Australians still hold two or more superannuation accounts despite consolidation efforts, with unclaimed super rising by $2.1 billion.

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HESTA and Aware Super invest in renewable energy platform

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.

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Grant Banner

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