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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.
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.
AUTHOR
Jessica Penny
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.
AUTHOR
Jessica Penny
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.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
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.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
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.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Super complaints jump 45%, AFCA urges transparency
AFCA has reported a considerable uptick in complaints against super funds in calendar year 2023.
AUTHOR
Maja Garaca Djurdjevic
AIA announces senior exec appointments
The insurer has welcomed a new chief financial officer and people and culture officer.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
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.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
UniSuper expands logistics portfolio with ‘prime’ land buyout
The $124 billion fund has made its first major industrial purchase of the year.
AUTHOR
Jessica Penny
