Super funds left wanting by 2023–24 budget

Tighter restrictions on multimillion-dollar super balances and a multifaceted crackdown on unpaid super were among industry recommendations ignored by the federal government in its latest budget.

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Cbus announces successful merger with EISS Super

Cbus would welcome 17,000 new members and now manage some $80 billion in retirement savings on behalf of over 900,000 members.

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Super members’ intention to switch funds hit record high

Investment Trends data has found super members’ appetite to switch funds has surged to a 13-year high, with some 9 per cent intending to switch in the next 12 months.

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Smaller funds penalised by ‘blunt’ APRA fee measurement

Smaller super funds with lower average member balances are being penalised by APRA’s “blunt” measurement of their fund fees, according to Prime Super.

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AusSuper issues $70m member refund after processing failure

AustralianSuper will remediate around $70 million to 100,000 members after a review discovered the fund had failed to identify every instance of multiple member accounts.

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Do super funds get wrapped up in the ‘feel-good ESG blanket’?

There could be political resistance to ESG if super fund members feel they are given a lack of choice when it comes to their investments, according to this political science professor.

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Problematic companies cannot be ‘divested away’: HESTA

HESTA chief executive, Debby Blakey, has warned companies and superannuation funds cannot just “divest away” problem companies and should be pushing them for improvements.

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Budget 2023: Spending limit thwarts Govt's abilities on paid parental leave

“There's a limit to what we can do in the equity agenda,” said Stephen Jones.

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Equities drive strong market performance in April

Super funds look on track to deliver strong absolute returns by the end of the financial year, though inflation continues to pose an ongoing challenge, according to SuperRatings.

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Budget 2023: SMSF Association calls for extended $3m super consultation

The SMSF Association has pushed the government to re-open its consultation into the higher tax rate for members with more than $3 million in their total super balance.

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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. ...

10 months 3 weeks ago
Kevin Gorman

Super director remuneration ...

11 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months ago

The CEO of Cbus has defended the fund’s relationship with the CFMEU....

22 hours ago

The head of Australia’s Future Fund has sounded a note of caution over the lucrative yet risky “Trump trade”, as US policies boost growth, but ramp up political and regul...

22 hours 17 minutes ago

The $89 billion fund has announced a new leadership role within its private markets team....

23 hours 42 minutes ago