The median growth super option has fallen around 3 per cent since late January amid market volatility resulting from Donald Trump’s unpredictable policy moves, but the industry remains confident in long-term performance.
The research house has confirmed a new ratings offering dedicated to lifetime products, which it expects to see an increase in releases in coming years.
Following an extensive due diligence process, CareSuper is poised to become a $57 billion fund by the year’s end.
The Australian Prudential Regulation Authority (APRA) has modified the additional licence conditions imposed on the trustee.
AFCA’s chief executive urged member firms to up their internal dispute resolution processes in order to cut down on costs owed to the authority.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
ASFA’s CEO called Joe Longo’s comments on super “unfounded and unfair”, after the ASIC chair said fund trustees don’t always “know their business”.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.
Less than a month after being ordered to pay $27 million for failing to merge duplicate member accounts, Australia’s biggest super fund is again the target of a suit launched by the corporate regulator.