ASIC’s senior executive leader of superannuation and insurance Jane Eccleston believes super funds should be viewing complaints as a “canary in the coalmine” for systemic issues at their funds.
Two actuaries have urged for an overhaul of the current retirement framework to better prepare Australians for the future and improve the accessibility of general financial advice.
Corporate super fund Qantas Super and union Australian Services Union have issued updates on the potential merger, highlighting the fund is unlikely to grow on its own.
With Future Group acquiring 100 per cent of the female-focused fund, Verve Super chief executive Christina Hobbs shares with Super Review how its advocacy and investment values will be expanded across a larger member base.
The $75 billion superannuation fund has welcomed a new chief financial officer and director to its board, with both commencing in 2024.
Aware Super is in discussion with Treasury as to how it can broaden its scope of member advice beyond intra-fund advice as its digital advice tool receives 28,000 users in six months.
The Responsible Investment Association of Australasia has identified 10 super funds that are leaders in responsible investment and ESG, eight of which are industry funds and two in the retail space.
APRA is proposing to collect more data about super funds’ trustee board governance and investment liquidity and valuations.
Australians are increasingly conflicted on their outlook towards retirement, with some confident their savings will sufficiently last while others say they no longer see themselves retiring at all.
Treasury has released a discussion paper on how the superannuation system can provide the needed security and income in retirement via member support and retirement products.