UniSuper’s Balanced (default) option returned 9.2 per cent for the year to 30 June 2024. The performance of the Balanced option (and options with high allocations to growth assets) was driven mainly by strength in equity markets.
APRA has announced eight proposals aimed at pushing entities, including super funds, to move beyond treating compliance with certain requirements as a mere box-ticking exercise.
Australia’s decrease in dividends speaks to the country’s overly concentrated market structure, a market note has highlighted.
The modest growth in the Australian economy is being met with cautious optimism though underlying concerns persist amid global trade uncertainties and high interest rates.
While Donald Trump’s signal of progress on the US administration’s cryptocurrency reserve sparked a brief market rally, broader economic concerns and trade tensions led to an equally sharp reversal.
The firm is offering Australians lower fees and improved transparency with its exclusively exchange-traded fund (ETF) portfolios.
The RBA has signalled a cautious approach to further rate decisions, noting that it does not commit to additional reductions in the cash rate target at future meetings.
The ASIC chair has reiterated that while cryptocurrency is “highly speculative” and risky, it is not illegal.
Senator Andrew Bragg has pressed funds that attended the super summit in the US, demanding answers on costs, compliance with their best financial interests duty, and the decision-making process behind their participation.
Despite being considered a “gender-balanced” industry, a new outlook on the gender pay gap in Australia has flagged the ongoing challenges in pay equity in financial and insurance services.