Super Review collates its top 10 most-read stories on the website this year.
In a year of performance tests, consolidation of smaller funds and funds handling market volatility, there was no shortage of news this year.
Super funds had a rough start to 2022 with the median growth fund falling 2.2% in January following a lofty 13.5% bumper year in 2021, according to Chant West.
EISS Super and NGS Super weighed in on the Russia/Ukraine war, reassuring members that conflicts like these usually had short-term negative financial impacts which recover quickly.
Hostplus’ balanced option was the top-performing option in SuperRatings’ 2022 financial year returns report, with the super fund delivering 1.6%.
Two former senior executives at Statewide Super were charged with dishonesty offences related to their procurement of services.
At the start of the year, Mercer Super stated it was looking to participate in superannuation merger activity, later agreeing in May to merge with BT Super.
In June, Active Super and Vision Super signed a Memorandum of Understanding to explore a potential merger between the two funds.
Cybersecurity, compliance, and responsible investment were among the key areas of concern for superannuation funds, according to research by KPMG.
Index fund manager, Vanguard Australia, launched its first superannuation product after months of delays. It said the new fund would offer “simplicity, transparency and a low-cost investment approach to deliver a highly sophisticated but easy to understand superannuation offer”.
AustralianSuper and the Australian Retirement Trust’s (ART) balanced options both delivered end of financial year annual returns above SuperRatings’ estimated median.
Former VicSuper chief executive, Michael Dundon, was appointed as chief executive of CareSuper. He would take over from Julie Lander who was leaving CareSuper after more than two decades in March 2023.
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald 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.