Two board members appointed at FEAL

The Fund Executives Association Ltd has appointed two board directors from Aware Super and Rest to replace Deanne Stewart and Ross Piper.

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Government opens consultation on AFCA super complaints

The government has released a consultation on amending the Corporations Act to allow the Australian Financial Complaints Authority to hear complaints regarding superannuation.

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Super assets cross $3.5tn in Q1 2023

Quarterly superannuation statistics released by APRA has found assets stand at some $3.5 trillion at the end of March 2023 while contributions increased to $159 billion.

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Do super funds have a responsibility to do more?

With five million Australians approaching retirement, now is the time for them to be seeking financial advice or guidance and their super funds can play a part in providing this, writes Paul Feeney.

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Super funds pool $285m in US alternative workplace assets

Cbus, TWUSUPER, Hostplus, and an unnamed fourth superannuation fund have invested in Nuveen’s US Cities Workplace strategy in a step towards further diversifying their allocations.

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Vanguard Super signals ‘strong start’ with $500m AUM

Vanguard, which launched its super offering six months ago, has announced two new divisions and internal reshuffles, including who is leading Vanguard Super following Michael Lovett's departure.

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YFYS test changes pose ‘downside risks’

The FAAA and Chant West remain concerned with how the Your Future, Your Super performance test amendments could impact financial advisers and fund member outcomes.

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FSC board welcomes super fund CEO

Kelly Power, chief executive of Colonial First State Superannuation, has been appointed to the Financial Services Council board.

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Finalists unveiled for 35th Fund Manager of the Year Awards

Five finalists will battle it out to win the coveted 2023 Fund Manager of the Year award at this year’s ceremony, including BlackRock Investment Management (Australia), Franklin Templeton Australia, Lazard Asset Management, Macquarie Asset Management, and VanEck.

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AMP issued $24m penalty for billing deceased clients

AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advice.

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Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 10 months ago
Kevin Gorman

Super director remuneration ...

1 year 10 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 10 months ago

Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found....

18 hours ago

Economists have warned inflation risks remain elevated even as the RBA signals policy is sitting near neutral after its latest hold....

19 hours ago

Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the ...

18 hours ago