Australia’s seven largest super funds have marched further ahead of the pack, with their smaller competitors impacted by market volatility, according to new KPMG analysis.
Super fund leaders have commended the government’s ambition for change and shared how they balance the various ESG concerns of their members.
With super funds’ investment portfolios all holding similar stocks in a bid to pass the performance test, fund manager Maple-Brown Abbott has questioned whether this is risk diversification or risk intensification.
Equipsuper has found the majority of pre-retiree members are considering their retirement needs, but less than half have a plan in place, prompting the fund to launch a retirement campaign.
Minister for Financial Services, Stephen Jones, has reiterated his support for the superannuation performance test and explained the importance of cracking down on greenwashing.
The State Street Global Investor Confidence Index continued to rise in April, with an increase of 2.2 points to 83.5 points.
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.