New research indicates that industry superannuation funds are poised for significant growth, posing a challenge to traditional active managers.
The Shadow Minister for Finance will join distinguished speakers at the inaugural Australian Wealth Management Summit.
Australia’s top 30 superannuation funds have been slowly reducing their exposures to the oil and gas producers in the last two years as more members demand greater climate action, according to new analysis.
QAR lead Michelle Levy says there are conflicts between a super fund acting as a trustee and providing advice.
The passing of the motion to allow superannuation to be attached to paid parental leave is a “nail in the coffin” for any major changes to the proposed $3 million super tax, according to an industry expert.
The QAR lead has argued that super funds should help retirees purchase a home, noting that this would be more beneficial than receiving a pension.
The budget needed to fund a comfortable retirement has increased to more than $70,000 in the December quarter amid high insurance, food, and electricity prices, according to the Association of Superannuation Funds Australia.
The Grattan Institute believes Aussies should be given the opportunity to “cash out” a portion of their compulsory superannuation contributions each year.
The $82 billion fund has appointed a new head of investment execution.
The industry body has outlined why policies on aged care and superannuation must be considered within the broader retirement and retirement income ecosystem.