Following the RBA’s decision to hold rates in August, governor Michele Bullock has signalled rate cuts are likely off the table for the next six months as the central bank stays vigilant to potential upside risks.
Three superannuation bodies have written to the government to address a legal loophole that allows family violence perpetrators to claim their victim’s super.
The $13 billion fund said that two of its investment options have not attracted enough members.
The central bank has announced its latest rate decision amid signs of improving inflation in Australia and rumbles of slowing global growth.
IFM Investors has appointed an experienced financial services leader to its board.
The $94 billion fund is bolstering its portfolio management capabilities with a new appointment.
The industry body has recommended an approach that recognises unique advice needs, noting current super regulation and legislation are “overwhelmingly designed with simple, default arrangements in mind”.
The executive has been recognised for her “exceptional vision, drive and courage in her leadership of Brighter Super during periods of transformation and growth”.
Following a flurry of fund results in recent weeks, Super Review has looked back at how some of Australia’s largest funds fared in the last financial year.
The super fund has been pulled up for falsely representing the sustainable nature of some of its investment options.