Super funds still liable to common law claims, NSW court finds

A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.

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FSC rebukes ‘one-size-fits-all’ retirement scheme amid building government distrust

On the back of new findings that show an increased desire from Australians to take control of their super savings, a professional body has clapped back at Treasury’s proposed retirement income product overhaul.

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Member data the ‘missing piece’ of the retirement puzzle, funds say

Superannuation funds are pointing out key structural issues that are hindering their ability to develop effective retirement income strategies for members.

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Soft landing expectations bolster January super returns

Super funds have continued the positive momentum of 2023 into the new year, with returns on the upswing across all risk categories.

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Rest Super faces class action over default insurance

The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.

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Unemployment rate rises above 4%

The ABS has released its latest labour force data, finding Australia’s seasonally adjusted unemployment rate has continued to rise.

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Super complaints jump 45%, AFCA urges transparency

AFCA has reported a considerable uptick in complaints against super funds in calendar year 2023.

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AIA announces senior exec appointments

The insurer has welcomed a new chief financial officer and people and culture officer.

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ASFA questions whether funds are really failing retirees

While the super sector has faced criticism over the modest take-up and development of retirement products, ASFA said this may relate to a lack of demand rather than a lack of supply.

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UniSuper expands logistics portfolio with ‘prime’ land buyout

The $124 billion fund has made its first major industrial purchase of the year.

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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

Senator Andrew Bragg has doubled down on super funds regarding their contributions to unions and how they are handling regulatory fines, emphasising that they appear to b...

3 hours ago

The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December....

23 hours ago

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

1 day 3 hours ago