AustralianSuper is repositioning its unlisted property assets after it lost 8 per cent in the financial year 2022–23.
The firm has announced it will combine its superannuation trustee and corporate trustee services, bringing funds under supervision to almost $150 billion, as it exits its UK and Ireland business.
According to analysis by one of Australia’s largest superannuation funds, online searches relating to superannuation have doubled in the last four years.
A joint APRA-ASIC report has taken aim at super funds’ Retirement Income Covenant strategies. The answers involve a tech upgrade to offer more tailored support, writes Andrew Zietara.
SuperRatings has released its latest monthly statistics, demonstrating how funds have built on an upward trend in markets in the first month of the new financial year.
A think tank has advocated liquidating the fund to pay down $895 billion government debt, noting it is the 10th-largest Commonwealth expense by function and will soon struggle to justify its presence.
With many super fund members passing away with retirement funds unallocated, there is an opportunity for change to allow them to direct their super to charitable organisations, writes Rohani Bixler.
The corporate regulator has commenced its third civil penalty proceedings for alleged greenwashing, with the super fund holding investments in Russia when it had listed it as an excluded country.
AMP and Commonwealth Bank have shared updates on ongoing superannuation class actions as they release their financial results.
The $1.3 billion Islamic finance provider has announced Hejaz Islamic Super and Pension, the first Islamic account-based pension product directly offered to Australians.