Australian super funds face significant stability risks, says IMF
The International Monetary Fund has raised concerns about liquidity risks within Australia’s superannuation system due to a growing share of illiquid investments, such as private equity and credit.
Navigating technological challenges ahead of Payday Super
As new superannuation payment rules approach, a firm has underscored the need for funds to brace for significant technological adjustments.
AUTHOR
Jessica Penny
Super complaints jump 5% in FY23–24
There was a 5 per cent rise in complaints to AFCA relating to superannuation in the financial year 2023–24, according to its annual report.
Investment bank’s gloomy forecast calls for cautious approach, says economist
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.
APRA tightens scrutiny on super fund spending, targets travel and entertainment
APRA has ramped up its scrutiny of superannuation fund spending, particularly targeting discretionary expenses like travel, entertainment, and conferences that may not be in the best interests of members.
ASFA research reveals more Australians put off retiring
More Australians are planning on working past 65 for either social or financial reasons, according to new research from the Association of Super Funds Australia.
CFS ready to play key role in super industry consolidation
Colonial First State Super is ready to support further consolidation in the super industry, its CEO said.
ASFA adds operations veteran to board
The industry body is adding 25 years of financial services experience to its leadership team with a new appointment.
AUTHOR
Jessica Penny
HPI rejects ‘opportunistic’ Charter Hall and Hostplus’ offer
Hotel Property Investments Limited (HPI) has decisively turned down the revised cash offer of $3.85 per security from Charter Hall and Hostplus, labelling it insufficient to reflect the true value of its assets.
ASFA sets the record straight on Taylor’s 401(k) comments
Despite last week’s media frenzy suggesting the Coalition might be eyeing a voluntary superannuation system for Australia, funds are unfazed by any perceived hidden agendas from the opposition.
