Judge warns financial firms on technology interoperability

Justice Hespe has fired a shot across the bows at financial institutions regarding the interoperability of their IT infrastructure in her verdict in the ASIC v AMP Financial Planning case.

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Rest and HESTA voice support for Voice to Parliament

The superannuation funds have publicly backed a constitutionally enshrined Aboriginal and Torres Strait Islander Voice in the spirit of reconciliation.

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AusSuper cuts insurance fees for members

Members of AustralianSuper will see reduced insurance costs after a review prompted the fund to cut fees by an average of 11.8 per cent.

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How will APRA’s levy support the super system?

The Treasury has confirmed some $70.1 million of APRA’s levy will be for the supervision of superannuation industry and detailed how it would be focused on holding trustees to account.

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Qantas Super CEO appointed to CFA

Qantas Super chief executive, Michael Clancy, has been appointed as chair of the CFA Societies Australia’s Australian Governance Council.

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APRA warns on firms’ cyber security protections

APRA has written to its regulated entities to reinforce the importance of multifactor authentication to protect sensitive data from cyber attacks after observing insufficiencies.

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Inflation pinch drives retirement budgets to record highs

With rising costs putting significant pressure on retirees’ household budgets, the amount of superannuation necessary for a comfortable retirement rose a further 1.1 per cent in the March quarter.

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Aware Super bolsters investment strategy team

The super fund has appointed four specialists and established a new investment risk division to drive its growth ambitions of achieving $250 billion in FUM by 2026.

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ASFA chief executive to depart after seven years

Dr Martin Fahy, who has been CEO of the Association of Superannuation Funds of Australia since 2016, has stepped down.

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Mercer Super announces third merger

Mercer Super has announced its third acquisition in two years, following its merger with BT Super and Lutheran Super.

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Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

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