POWERED BY MOMENTUM MEDIA
Super Review’s top 10 stories of 2022
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 returns see rough start to 2022
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.
- How will Russia/Ukraine war affect super funds?
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 tops list of 2022 financial year returns
Hostplus’ balanced option was the top-performing option in SuperRatings’ 2022 financial year returns report, with the super fund delivering 1.6%.
- Former Statewide Super CFO and CRO charged with dishonesty offences
Two former senior executives at Statewide Super were charged with dishonesty offences related to their procurement of services.
- Mercer looks to merge
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.
- Active Super and Vision Super consider merger
In June, Active Super and Vision Super signed a Memorandum of Understanding to explore a potential merger between the two funds.
- Biggest risk areas for super funds: KPMG
Cybersecurity, compliance, and responsible investment were among the key areas of concern for superannuation funds, according to research by KPMG.
- Vanguard Australia launches first super fund
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”.
- Comparing EOFY returns of two largest super funds
AustralianSuper and the Australian Retirement Trust’s (ART) balanced options both delivered end of financial year annual returns above SuperRatings’ estimated median.
- CareSuper completes search for CEO
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.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Senator Andrew Bragg has pressed funds that attended the super summit in the US, demanding answers on costs, compliance with their best financial interests duty, and the decision-making process behind their participation.
A top Treasury official has shed light on the confidential document that circulated among funds this month, telling Senate estimates Treasury is “testing a hypothesis”.
During Senate estimates, it was insinuated that if AustralianSuper had been a retail fund, it would have faced a much larger fine.
Just months after exceeding $4 trillion in assets, Australia’s super industry continues to grow at pace.
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
32.45 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
30.48 3 y p.a(%)
