HESTA welcomes Objective of Super passage

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The passage of the Superannuation (Objective) Bill 2023 is an important milestone in the continued development of Australia’s world-leading retirement system. With our more than one million HESTA members in... Read more continue reading

Super funds flat in October but strong CY24 result on the horizon

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Super funds were flat in October with the median growth fund (61 to 80% in growth assets) up 0.1% for the month. However, with share markets up in November so... Read more continue reading

Super funds need to make advice affordable for the “missing middle”

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Financial advice is crucial for retirement planning but often expensive and inaccessible, with the result that many Australians fall into the “missing middle” who require more than basic advice but... Read more continue reading

International shares bolster fund returns in October

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Funds faced a tougher market over October with superannuation research house SuperRatings estimating that the median balanced option returned 0.3% to members over the month. Most asset classes reported negative... Read more continue reading

Commonwealth Superannuation Corporation delivers for members in 2023-24, with a strong performance and launch of new retirement initiatives

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In a financial year that saw Australians deal with higher living costs and global uncertainty, Commonwealth Superannuation Corporation (CSC) has delivered a strong 2023-24 investment performance for its 750,000 members.... Read more continue reading

Scientific Beta stresses need for robust risk management as part of APRA’s superannuation performance testing

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Following the Australian Prudential Regulation Authority’s (APRA) recent announcement[1] regarding significant improvements in performance test outcomes for superannuation funds and introducing new product performance metrics, Scientific Beta has emphasised its commitment to... Read more continue reading

Funds deliver strong quarterly return despite uncertain environment 

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Historically September has been a more subdued month for superannuation returns, however funds have delivered for members this year with superannuation research house SuperRatings estimating that the median balanced option... Read more continue reading

Super assets strike high at $3.94 trillion, official data shows RBA report points to relatively low defaults in private credit market

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Australia’s superannuation savings struck a record high in the June quarter of $3.94 trillion, more of which is being invested in private assets as superannuation funds seek to diversify their... Read more continue reading

HESTA welcomes super on paid parental leave

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We are thrilled that the Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Bill 2024 has finally been passed by Parliament and will take effect from next... Read more continue reading

Super funds finish August in positive territory despite early jitters

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Despite some sharp share market falls in in early August, the median growth fund (61 to 80% in growth assets) finished the month in positive territory with a return of... Read more continue reading