POWERED BY MOMENTUM MEDIA
Post-retirement new target for super funds
Superannuation funds are changing their focus from pre-retirement adequacy advice to at-retirement and post-retirement, even as more of their members move into retirement, Investment Trends research show.
Super funds like VicSuper, EquipSuper, and Australian Catholic Super were among the first funds to initiate retirement income services for members by launching new products and taking an options-based approach to retirement advice.
Investment Trends' technology analyst, Ian Webster, said super funds should particularly target those members for whom the adviser-focused comprehensive advice model is unsuitable.
"The differences between retirement and investment advice provide an opportunity for funds to develop a member benefits focused advice model, to be delivered at the time most members will be looking for retirement advice," Webster said.
Super funds were also utilising digital technology and regulatory change to provide member super account services.
The launch of the Lost Super and Super Rollover campaigns over the past two years led funds to set out a ‘grow your super' approach to member engagement.
Deloitte Digital's re-construction of QSuper's online channel with account-based self-directed intra-fund advice from Decimal set the benchmark on driving member engagement.
"The proliferation of self-directed account services on super admin platforms enable funds to use their education and engagement activities to help each member improve their retirement benefits," Webster said.
AustralianSuper was at the top of the heap for all round fund member engagement services, while QSuper came in second, NGSSuper finished third, and Sunsuper ranked third, while HOSTPLUS rounded out the top five funds.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
