ASIC has commenced “urgent proceedings” in the Federal Court of a former Sydney financial adviser regarding fees charged to clients' superannuation.
Since the removal of the $450 monthly income threshold for super contributions last July, almost 170,000 female Rest members are receiving more in their super.
After acquiring full ownership of Oak Tree Retirement Villages, the super fund has become one of Australia’s largest owners of retirement living assets.
Colonial First State has appointed John Iles, a former portfolio manager at AustralianSuper, as its new head of cash management and derivatives.
After reporting slower growth in the March quarter, total superannuation assets have risen by 7.6 per cent over the past year to surpass $3.5 trillion at the end of June 2023.
Australian Retirement Trust has signed a successor fund transfer with Woolworths Group and Endeavour Group to hit $260 billion, with the firm moving over from AMP.
Financial technology firm Iress says superannuation has seen a 20 per cent growth in revenue in the first half of 2023.
Legalsuper has announced structural changes to its executive team, resulting in the departure of chief operating officer and former interim chief executive Trevin Erichsen.
The profit-to-member super funds represented by Industry Super Australia and the Australian Institute of Superannuation Trustees have agreed to create a new unified organisation.
Dr Martin Fahy, former chief executive of the Association of Superannuation Funds of Australia, has taken up a managing director position at a global consulting firm.