ASIC launches court action against Mercer Super over alleged greenwashing

The corporate regulator has commenced civil penalty proceedings against the super fund for alleged misleading claims regarding the sustainable nature of its investment options.

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TelstraSuper appoints new lead for financial advice arm

Melinda Huggins, a former AMP advice executive, has been appointed to the role of executive general manager at TelstraSuper Financial Planning.

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Member interests the ‘north star’ for super fund trustees

Superannuation fund trustees have shared their thoughts on the dangers of being over-inquisitive, on holding firms accountable and why member interests must remain at the core.

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FSC flags concerns with APRA data accuracy

The Financial Services Council has raised concerns about the accuracy of APRA data used for the performance test and the potential for consumer harm after the regulator was forced to reissue its MySuper heatmaps.

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Why UniSuper wants to be ‘the Netflix of retirement’

Addressing the QOA Review’s recommendations on digital advice, UniSuper CEO Peter Chun has voiced his support of personalised digital experiences for members, likening it to Netflix.

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Super innovation key to dignified retirement for Australians

Defining super is a good start, but delivering retirement income is the best outcome, writes Adrian Stewart.

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Complaint process crucial to super credibility: ASIC

Super fund trustees are failing to conduct root cause analysis of complaints received from members, potentially damaging the credibility of the superannuation system, according to ASIC commissioner Danielle Press.

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Performance test is ‘here to stay’: Jones

Minister for financial services, Stephen Jones, has confirmed the annual performance test is “here to stay” and he will shortly announce the findings of his review into Your Future, Your Super.

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Disqualified SMSF trustees grow by 300% in 1H23

| By Laura Dew |

The number of disqualified self-managed superannuation fund trustees for the first half of the financial year is four times higher than a year ago while over 100 have already been disqualified in 2023.

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SMSFA warns against ‘disruptive’ balance cap

| By Laura Dew |

A proposed cap on balances would bring further costs and complexity and prove disruptive for the self-managed superannuation fund space, according to the SMSF Association.

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Grant Banner

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