Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
ASIC has filed documents in the Federal Court, formally launching legal proceedings against Cbus.
The RBA governor has warned that Australia’s super funds, despite holding stable assets, could amplify market stress if forced to liquidate in response to sudden liquidity demands.
An industry veteran says superannuation funds should be doing more to help Australians manage their retirement savings while financial advice remains unattainable for many.
Organisations must go beyond recruiting a diverse workforce and embed a culture of inclusion to reap the benefits, according to one executive.
The industry fund has flagged the ASX-listed company for “recent governance failures” regarding its response to allegations made against its CEO.
Funds grappled with a challenging October as SuperRatings reports a modest 0.3 per cent return for the median balanced option.
The legal proceedings are understood to relate to an existing dispute with the platform administrator.
The election of Donald Trump as the 47th President of the United States signals a looming era of heightened global inflation, warn local economists.
Super funds’ exposure to illiquid assets will need to be closely monitored as mega funds continue to grow larger, an analyst has said.