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Labor MP savages government's superannuation record

ANDREW MCKEAN  |  THURSDAY, 28 APR 2022
At the ASFA Conference this morning, shadow minister for financial services and superannuation Stephen Jones outlined his party's policy and attacked the government's "crackpot ideas". Jones said he recognised the enormous opportunity of working ...

Millennial super fund fails to GROW

JAMIE WILLIAMSON  |  TUESDAY, 19 APR 2022
Almost five years to the day that it first launched, GROW Super will close its doors. Diversa Trustees, the trustee for GROW Super, has informed members it is closing the product. Since its launch in 2017, GROW Super has been touted as a serious competitor ...

HESTA appoints chief financial officer

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
The $68 billion industry superannuation fund, HESTA, has hired a new chief financial officer who was previously at Victorian Funds Management Corporation (VFMC). Sally Collins has been appointed chief financial officer for the fund. She was most recently ...

ISA uncovers disgraceful regional gender super gap

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
Industry Super Australia has said women in their 40s that live in regional Victorian city Bendigo have half the superannuation of men. It's believed this large divergence first expanded when many local women took time out of the workforce to have children. ...

End choice dashboard delay: AIST

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
The Australian Institute of Superannuation Trustees (AIST) is pressuring government to make super funds disclose the performance of choice products. In a submission to ASIC, AIST opposed the regulator's proposal to defer the requirement for super funds ...

SEC rules against Amazon pension case

ELIZABETH MCARTHUR  |  TUESDAY, 12 APR 2022
The US Securities and Exchange Commission ruled against Amazon's no-action motion to exclude a shareholder resolution asking the company to prepare a report on how employee retirement savings are invested. The shareholder resolution, brought by activist ...

Australian Ethical, Christian Super explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
After having been directed to merge by APRA, Christian Super has signed a Memorandum of Understanding to do so with Australian Ethical. In a statement to the ASX, Australian Ethical said the two parties are undertaking due diligence to explore possible ...

Tax, welfare reform on election agenda

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
Australian National University (ANU) has partnered with St Vincent de Paul Society on a new report highlighting reforms that could make the tax and welfare systems fairer ahead of the federal election. The report examines three options for helping families ...

LGIAsuper expands leadership as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
LGIAsuper has finalised its acquisition of Suncorp's superannuation business, adding to its executive team in the process. The acquisition of Suncorp Portfolio Services Limited, which is the first of its kind in the Australian superannuation market ...

Not enough Budget for women: Industry

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
Contrary to most other years, the superannuation industry has escaped unscathed from the Federal Budget, but not everyone is happy about it. Last night's Federal Budget saw no major changes to superannuation, with the Association of Superannuation Funds ...