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IFS recovers record $250m in unpaid super

RIDDHIMA TALWANI  |  FRIDAY, 7 AUG 2026
Industry Fund Services (IFS) has recovered a record $250 million in unpaid superannuation in the 2025-26 financial year, bringing its total recoveries to $2.5 billion since the service commenced. This comes just a month after the Payday Super reform ...

Growth assets drive recovery for super in latest quarter: Morningstar

MATTHEW WAI  |  THURSDAY, 6 AUG 2026
New research from Morningstar found super funds rebounded "strongly" in the second quarter of the calendar year, reversing weakness recorded in 1Q26. According to Morningstar's Superannuation 360 report for Q2 2026, super returns recovered through their ...

SMC questions SCA's 'mystery caller' report

RIDDHIMA TALWANI  |  WEDNESDAY, 5 AUG 2026
... say things like, 'I'm sorry for your loss, here's the process, here's what you'll need to do,' and show a bit of empathy and compassion as part of the conversation. They didn't do that. They performed really poorly on that." ...

Teen workers to miss out on $411m in FY27: SMC

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
The Super Members Council (SMC) said half a million teen workers across Australia will miss out on $411 million in super this financial year due to the current exclusion if they work part-time. The SMC said the outdated law is prohibiting around 530,000 ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
Despite only accounting for less than 10% of the total complaints lodged, investment and advice complaints have seen the steepest increase in FY26, data from the Australian Financial Complaints Authority (AFCA) shows. AFCA received a record 119,949 ...

PC calls on government to 'redouble' efforts to close the gap

ELIZA BAVIN  |  THURSDAY, 30 JUL 2026
The Productivity Commission's (PC) 2026 Annual Data Compilation Report (ADCR), which tracks Australia's performance towards the targets and indicators in the National Agreement on Closing the Gap, shows that of the 19 targets, one has been met, three ...

Pengana threatens legal action against PIA

KARREN VERGARA  |  TUESDAY, 28 JUL 2026
Pengana Capital Group is threatening legal action against Pengana International Equities (PIA) - the Wilson Asset Management-led board LIC - after shareholders overwhelmingly backed a buy-back it objects to, alleging among other things, "material conflicts ...

Dexus completes $2bn divestment program

VINNY VUCAGO  |  MONDAY, 27 JUL 2026
... commitments to security holders," Du Vernet said. "We have a high-quality investment portfolio and transactions like these show we can secure liquidity at pricing which represents a significant premium to what is implied in the Dexus security price. ...

LRBA ban raises questions as new details emerge

MATTHEW WAI  |  MONDAY, 27 JUL 2026
... Finance Industry Association (AFIA) "directly addresses the systemic risk rationale cited in support of the ban." The findings show over 16,000 new residential SMSF loans were written in FY26, with total security of $10.3 billion, which is approximately ...

Jobs data surprises on the upside, rate hike on the cards

RIDDHIMA TALWANI  |  FRIDAY, 24 JUL 2026
... positive shift in the trend or mostly statistical noise, given that most of the other recent survey indicators for the economy show weakening. "The sharp rise in employment in June, followed two months which had netted to a close to flat result, which ...
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