AustralianSuper increases Churchill Asset Management partnership to US$1.5 billion

From

AustralianSuper, Australia’s largest superannuation fund, today announced it has increased the program size of its partnership with Churchill Asset Management, an investment specialist affiliate of Nuveen, to US$1.5 billion. The... Read more continue reading

Millions of Australians lose by leaving savings in default MySuper funds

From

More than 5.2 million young Australians are missing out on higher superannuation returns by investing their retirement savings in default MySuper accounts, rather than investigating other investment options, according to... Read more continue reading

Super fund returns bounce back in November

From

Expectations of peak inflation drove positive returns across most sectors of the market in November, leading to a bounce in returns following the subdued earnings reported between August and October.... Read more continue reading

Selfwealth welcomes government’s release of a consultation on the retirement phase of superannuation.

From

A discussion paper released by[1] the government seeks community and industry views on how the superannuation system can best provide the security and income Australians need as they live longer and healthier lives... Read more continue reading

Allianz Retire+ enhances pioneering retirement income solution

From

Allianz Retire+ has announced enhancements to its industry-first longevity solution Allianz Guaranteed Income for Life (AGILE) launched in March this year. The retirement income solution has been in the market... Read more continue reading

CSC announces its Retirement Income Solution with Challenger

From

Commonwealth Superannuation Corporation (CSC) will amplify its commitment to guiding customers to a comfortable retirement as it partners with Challenger, Australia’s leading provider of annuities, to launch the next stage... Read more continue reading

Super contributions, transfer balance caps and home ownership dominate adviser queries

From

Financial advisers are focused on helping their clients navigate superannuation contributions, conditions of release or withdrawals, transfer balance caps and home ownership issues, according to the latest data from AMP... Read more continue reading

Super funds down in October but positive calendar year result on the horizon

From

Super funds endured a challenging October, with the median growth fund (61 to 80% in growth assets) falling 1.5% over the month. However, as share markets have rallied strongly in... Read more continue reading

ASIC targets misconduct in superannuation sector

From

ASIC will look to take strong, targeted enforcement action in the coming months and into 2024, as part of its focus on member outcomes in the superannuation sector. The enforcement... Read more continue reading

Super funds retreat in September but still on pace for a positive CY23 return

From

Super funds retreated in September as investment markets reacted nervously to the prospect of a sustained period of higher interest rates, with the median growth fund (61 to 80% in... Read more continue reading