The measure, which was noticeably absent from the last federal budget, has been welcomed by the superannuation sector as a significant step towards closing the retirement savings gap.
Member satisfaction ratings among superannuation funds have improved since a low in July 2023, new research has shown.
A financial services veteran has been named general manager for product at the $80 billion fund.
Super returns maintained their momentum in February as confidence that inflation is coming under control continued to build.
The off-market transaction with ISPT has led to the acquisition of a 280-hectare greenfield logistics development site adjacent to the new Western Sydney International Airport.
With total super assets under management falling into negative territory in the September quarter, 2023 closed on a high.
Australia’s largest super fund has announced a new commitment of £8 billion towards sectors like digital infrastructure and the energy transition, driving its UK portfolio to over £18 billion by 2030.
Over 260 finalists have qualified for the inaugural Australian Wealth Management Awards 2024. Super Review invites them to lodge their submissions.
Future Group, which comprises superannuation brands like Future Super and Verve Super, had hinted at job cuts last month as it transitions to a “single integrated team running multiple brands”.
A healthy lifestyle doesn’t have to be a question of all or nothing.