POWERED BY MOMENTUM MEDIA
TelstraSuper offers funding to Big Super Day Out
The First Nations Foundation has secured further resourcing for its Big Super Day Out, with TelstraSuper signing onto a partnership to help hold two events in 2019.
The Big Super Day Out sought to help indigenous Australians find lost super, consolidate accounts, and learn about the benefits of superannuation. Since its launch in 2014, it had uncovered more than $14.5 million in lost super for over 1,100 people.
First Nations Foundation chief executive, Amanda Young, welcomed the support, saying that as the group received no Government funding, backing from the industry was vital to running its events. She estimated that for every $1 invested in the program, $36 would go back into the super system.
TelstraSuper chief executive, Chris Davies, said that partnership reflected the fund’s commitment to serving all its members, including those in remote indigenous communities: “With over 90,000 TelstraSuper members all around Australia, we have a duty to ensure that all Australians are supported in the best way possible,” he said.
The Foundation’s 2019 events would service areas including Darwin, Kununurra, Broome, Gapuwiyak, Galiwin’ku, Milingimbi and Ramingining.
Recommended for you
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
