Budget 2023: Thumbs up from super but missed opportunities

Super funds and organisations have given a thumbs up to Treasurer’s Jim Chalmers’ federal budget but highlighted opportunities to improve the gender super gap were missed.

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Budget 2023: No super surprise from Chalmers

Treasurer Jim Chalmers has handed down his second Budget, confirming the introduction of a 30 per cent tax rate for $3m super balances but lacking any mention of super payments on paid parental leave.

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Budget 2023: What can we expect in super?

Redefining the purpose of superannuation and revising the concessional tax rate are among the key themes of this evening’s federal budget announcement.

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Worries over ESG Choice funds’ inclusion in performance test

There are concerns that updated proposals to the Your Future, Your Super performance test will fail to improve the situation for ethical or ESG funds, especially if niche Choice funds are added to the test.

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Super funds increase ‘climate-wrecking’ exposures to $34bn

Australia’s 30 largest super funds reportedly increased their investment exposure to ‘climate-wrecking’ fossil fuel companies to over $34 billion in the past year, according to Market Forces research.

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Super funds running out of places to allocate members' money

Australia’s superannuation funds, investment managers, and custodians are growing increasingly concerned about finding a home for $3.4 trillion of members' money.

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SuperFriend shifts goal from awareness to workplace action

The not-for-profit organisation has moved to a new strategic direction of taking meaningful action on mental health as it makes two board hires from Australian Retirement Trust and AustralianSuper.

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UniSuper makes $1bn direct European infrastructure investment

The $115 billion superannuation fund has secured a 5 per cent indirect stake in mobile towers business Vantage Towers in a $1 billion deal.

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Purposeful planning key to retirement confidence: Vanguard

A new study conducted by Vanguard has revealed that Australians with a clear retirement plan have the hi

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‘Mega’ super funds extend gap between smaller peers: KPMG

Australia’s seven largest super funds have marched further ahead of the pack, with their smaller competitors impacted by market volatility, according to new KPMG analysis.

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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 18 minutes ago

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

23 hours 43 minutes ago