The Treasury has confirmed some $70.1 million of APRA’s levy will be for the supervision of superannuation industry and detailed how it would be focused on holding trustees to account.
Qantas Super chief executive, Michael Clancy, has been appointed as chair of the CFA Societies Australia’s Australian Governance Council.
APRA has written to its regulated entities to reinforce the importance of multifactor authentication to protect sensitive data from cyber attacks after observing insufficiencies.
With rising costs putting significant pressure on retirees’ household budgets, the amount of superannuation necessary for a comfortable retirement rose a further 1.1 per cent in the March quarter.
The super fund has appointed four specialists and established a new investment risk division to drive its growth ambitions of achieving $250 billion in FUM by 2026.
Dr Martin Fahy, who has been CEO of the Association of Superannuation Funds of Australia since 2016, has stepped down.
Mercer Super has announced its third acquisition in two years, following its merger with BT Super and Lutheran Super.
AustralianSuper chief investment officer, Mark Delaney, has acknowledged internal managers at the fund are put under more pressure as he reflects on the fund’s poor property allocation.
There are four secrets to enduring success in superannuation, according to Aware Super chief executive, Deanne Stewart.
Tim Riordan, former head of direct equities at Aware Super, and Mike Teran, associate portfolio manager, have joined the investment team at newly launched Blackwattle Investment Partners.