As the merger dust settles and a raft of regulatory changes come into effect in the next 18 months, complaints management looks to be a continued challenge for super funds, according to two superannuation lawyers.
The Financial Services and Credit Panel’s first determination for 2024 is due to a relevant provider receiving “soft benefits” under a commercial agreement with a superannuation switching cold-calling operator.
As regulators spur funds to focus on Australia’s ageing population and overseas players voice their interests, professionals expect a boost in innovative activity in super.
The ethical asset manager has launched an infrastructure debt fund in association with specialist manager Infradebt.
UniSuper has announced the appointment of a new chief risk officer.
The chief executive of the FAAA has reiterated the possibility that superannuation funds may become a breeding ground for future advisers.
According to the prudential regulator’s latest annual statistics, total MySuper assets are approaching $1 trillion while the number of funds with more than six members has declined by 40 per cent over the last five years.
The $85 billion fund has welcomed a former BlackRock executive to lead stewardship within its responsible investment team.
Clearview and Guild have selected the independent superannuation trustee for their respective retirement funds.
Super funds can expect further scrutiny on areas like unlisted assets and retirement income, as APRA announces its supervision and policy priorities for the next six months.