POWERED BY MOMENTUM MEDIA
How much did super funds spend on financial advice in FY23?
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers.
AUTHOR
Keith Ford
CareSuper, Spirit Super combine to create $53bn fund
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
AUTHOR
Jessica Penny
Super Fund of the Year Awards reveals 2024 winners
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
Super funds paid CFMEU $3.9m in FY23
APRA data shows the CFMEU accounted for 28 per cent of super fund industrial contributions, with the shadow treasurer calling for a prompt investigation into the payments.
AUTHOR
Keith Ford
UniSuper receives tick of approval from Morningstar
A research firm has given UniSuper a glowing review, praising its strong leadership and “compact team”, as well as its “creditable governance” structure.
CPI data dashes rate cut expectations
Wednesday’s CPI report has shifted the outlook for interest rate cuts into 2025, highlighting ongoing concerns over core inflation that remains stubbornly above the Reserve Bank’s target.
AUTHOR
Maja Garaca Djurdjevic
Jones and Taylor spar on super reforms
Assistant Treasurer Stephen Jones has defended the government’s plan to modestly cut tax concessions for Australia’s wealthiest superannuation accounts, saying it is a “fairer outcome”.
AUTHOR
Maja Garaca Djurdjevic
Super funds spent $422.6m on marketing in 2022–23
APRA’s latest data reveals Australia’s biggest super funds spent up to $100 million on marketing in 2022–23.
AUTHOR
Maja Garaca Djurdjevic
Cbus defends ‘low’ turnover, equal representation model
Cbus has responded to Morningstar’s note in which the research firm questions the fund’s ability to retain talent and raises concerns regarding the extent to which union affiliates impact its investment decisions.
AUTHOR
Maja Garaca Djurdjevic
Chalmers confirms talks on sovereign wealth fund’s future amid climate criticism
The government is in discussions with the Future Fund regarding its future, Treasurer Jim Chalmers has confirmed.
AUTHOR
Maja Garaca Djurdjevic
