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Showing 1 - 10 of 110 results for "Super Members Council"

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
... being switched into higher cost products that could erode their retirement savings. New analysis from the Super Members Council (SMC) found advice fees deducted from super accounts increased sharply between 2023 and 2025, with five super platforms accounting ...

SMC pushes for carers to qualify for SG

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
... federal government extends the Super Guarantee (SG) to the Carer Payment, according to new research from the Super Members Council (SMC). The report found more than one million Australians continue to miss out on superannuation because of gaps in the ...

Super balances rise but gender retirement gap remains stubborn

VINNY VUCAGO  |  FRIDAY, 19 JUN 2026
... highlighted a persistent gender retirement gap, particularly among those approaching retirement. Analysis by the Super Members Council (SMC) of recently released Australian Taxation Office data found median super balances increased 5.5% overall during ...

King's honours list lauds two super fund chiefs

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
... industry through executive roles." Elia has been in the top job since 2003 and is also a director of the Super Members Council (SMC). Owen Kilpatrick, the former chair of the Nationwide Superannuation Fund between 2004 and2013, received the Medal of ...

Super funds push back on CSLR: SMC

VINNY VUCAGO  |  TUESDAY, 2 JUN 2026
The Super Members Council (SMC) has urged the federal government reject proposals that would expand funding responsibility for the Compensation Scheme of Last Resort (CSLR) to Australians in APRA-regulated superannuation funds, arguing the costs should ...

Law blocking abusers hiding super assets passes parliament

VINNY VUCAGO  |  FRIDAY, 15 MAY 2026
... offenders' super assets before notification, preventing funds from being moved out of reach. Meanwhile, Super Members Council chief executive Misha Schubert described the reforms as a "huge stride forward" for survivors. "Super should never be used as ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... collapses of First Guardian and Shield Master Funds, where over $1 billion of retirement savings were lost. The Super Members Council (SMC) welcomed the decision and highlighted the need for more consumer safety in super following the devastating collapses. ...

Super funds welcome UK's Supers Unit to push investments

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... investment in areas such as the digital and energy transitions where HESTA has a strong focus," Blakey said. Super Members Council chief executive Misha Schubert added: "As Australia's super system grows, global diversification will play an even bigger ...

Performance test reforms to curb benchmark hugging: Treasury

KARREN VERGARA  |  FRIDAY, 8 MAY 2026
... the performance test can provide strong protections in light of the collapse of Shield and First Guardian. Super Members Council chief executive Misha Schubert said the fact that tens of thousands of Australians have been exposed to products like the ...

Unpaid super costs workers $24.4bn: SMC

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
... past five years to 2023, reinforcing the need for Payday Super, the lobby group says. New analysis from Super Members Council (SMC) found one in four workers were underpaid super between 2018 and 2023, equating to almost $6 billion a year being lost ...
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