AvSuper has shared an update on the progress of its merger with Australian Retirement Trust, saying 2024 will be one of the fund’s most important years in its 33-year history.
The superannuation fund has increased its investment partnership with Churchill Asset Management, a private credit investment specialist affiliate of Nuveen, to US$1.5 billion.
Morningstar believes Australian Retirement Trust’s ambition to grow to $500 billion is “not unrealistic” and praises CIO Ian Patrick for his investment team leadership.
Some 16 super funds are paying over $1 million to its board of trustees, according to latest APRA data.
Christine Franks has been appointed to the SMSF Association’s board as its governance expert in replacement of a former board member.
One in nine Australians aged over 50 expect to have $250,000 in unpaid debt in retirement – debt worries are leading to concerns about their ability to achieve their desired retirement lifestyle.
Digitised financial advice solutions will continue enabling the mass-scale provision of advice from superannuation funds and allow new entrants to join the market, GBST’s Jacqui Henderson says.
With more than 5.2 million younger Australians in underperforming MySuper accounts, an asset manager has encouraged members to investigate higher-risk options as they have a longer time horizon.
Link Group has appointed Gail Pemberton as an independent non-executive director as it focuses on its Retirement and Superannuation Solutions business.
Superannuation members have much to gain from impact investments, Rest believes, as the industry super fund targets a 1 per cent allocation towards this strategy by 2026.