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Super complaints top 220,860 in 2023–24
In the financial year 2023–24, 4.7 million complaints were reported by financial firms of all types under the internal dispute resolution (IDR) data reporting framework.
AusSuper to hand out $4.2m for death benefit claim delays
The country’s largest super fund is set to compensate some 7,000 people who have been impacted by delayed handling times.
AUTHOR
Jessica Penny
ART collabs with property fund on $585m healthcare and life sciences hub
The Australian Retirement Trust (ART) and property fund manager ISPT have secured a 99-year lease with St John’s College within the University of Sydney to develop a $585 million healthcare and life sciences hub in Camperdown, Sydney.
Australia’s merger overhaul moves forward with Senate’s approval of sweeping reform
While merger parties are now set to face new mandatory notification requirements, the competition regulator has welcomed its expanded regulatory powers.
AUTHOR
Jessica Penny
Cbus chair defends CFMEU-nominated directors amid Senate scrutiny
The Cbus chair has maintained the fund’s directors satisfy necessary fit and proper tests, while also defending the board nominations made by the CFMEU.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Industry applauds passage of ‘guiding light’ super objective
A decade in the making, industry bodies have praised the passage of the objective of super on Thursday.
AUTHOR
Jessica Penny
Rate cut expectations delayed amid persisting inflation pressures
October’s CPI data is unlikely to sway the RBA’s December monetary policy decision, but those predicting a rate cut in February are now entertaining the possibility of a delayed start to the easing cycle.
AUTHOR
Maja Garaca Djurdjevic
Super assets break $4tn in September quarter
The local super industry now commands more than $4 trillion in assets, boosted by impressive quarterly returns.
AUTHOR
Jessica Penny
AustralianSuper expands international equities team
The $340 billion fund has welcomed three senior investment executives to its London office as it continues to internalise the management of international equities, its single largest asset allocation.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Future Fund chair slams ‘factually incorrect’ criticism of new mandate
The chair of the Future Fund has slammed critics of the sovereign wealth’s new mandate as “factually incorrect”.
AUTHOR
Maja Garaca Djurdjevic
