Superannuation assets have fallen in the March quarter primarily due to negative investment returns amid sharemarket volatility.
QSuper has agreed to an in-principle settlement of nearly $70 million over claims it failed to notify members of life insurance premium changes.
ASIC is not done with death benefits, commissioner Simone Constant warned trustees this week, stressing that the corporate regulator remains focused on driving a step change in how member services are delivered.
For AustralianSuper, private assets are a steady, grounding component of its investment strategy, one helping the fund mitigate risk and smooth returns, especially when public markets are volatile.
Active managers say that today’s market volatility and dislocation are creating a fertile ground for selective stock picking, reinforcing their case against so-called “closet indexers”.
A major class action against AMP will commence in the Federal Court today (27 May), with more than 2 million super members alleging the firm’s trustees overcharged fees over a 12-year period.
Support for the $3 million super tax is strong across the industry, but with the possible July 2025 start date nearing, focus is turning to a key flaw – the lack of indexation.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
Platform leaders admit they’re operating under constant pressure and a persistent “state of paranoia” to keep pace with technology that is reshaping how clients access and interact with their wealth.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.