The $160 billion fund has named Justin Howell as its chief operating officer for investments alongside new heads of portfolio management and business development.
Financial advisers working at super funds make up just 3.8 per cent of the financial advice industry while the number of licensees make up less than 1 per cent.
With three-quarters of Australians viewing data breaches as one of the biggest privacy risks today, the amount of data requested and handled by their super fund remains a growing priority.
A 50-year-old woman who seeks advice stands to be $192,000 better off in retirement, while the figure stands at a whopping $472,000 if they start at 35, according to new modelling.
Aware Super members with minimum account balances of $15,000 can now invest a portion of their super dir
Australian Retirement Trust and AustralianSuper are understood to be working together on how the two largest super funds can best help their members with advice.
APRA is worried that it “cannot be confident” that super fund trustees are adequately implementing the Retirement Income Covenant, and work is needed on three key areas.
Some 15,000 super fund members have signed up for a lawsuit against QSuper, alleging they were wrongly charged excessive premiums for their life insurance policies.
A leading superannuation fund chief executive has been named as Fund Executive of the Year by the Fund Executive Association Ltd.
As generative AI evolves in its capabilities, the member communications of Australia’s biggest super funds could become more tailored and sophisticated.