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Showing 1 - 10 of 98 results for "Public Sector Superannuation"

MUFG scores administration mandate

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
... digital capability and strong risk and compliance disciplines. ElectricSuper, a South Australian exempt public sector superannuation fund, serves approximately 3300 members, including around 700 pensioners and 300 defined benefit members, with funds ...

Cbus members to see 46% increase in insurance fees

ELIZA BAVIN  |  MONDAY, 4 MAY 2026
... increased claims. In April, Financial Standard reported members of Commonwealth Super Corporation's Public Sector Superannuation Accumulation Plan (PSSap) were also facing a rise. From May 1, the premiums for Total and Permanent Disablement (TPD) ...

CSC to increase TPD premiums for PSSap members by 43.5%

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2026
Members of Commonwealth Super Corporation's Public Sector Superannuation Accumulation Plan (PSSap) are about to be hit with insurance premium increases of more than 40%. A recent review of the PSSap lifePLUS offering, underwritten by AIA Australia ...

Super assets reach $4.5tn

ELIZA BAVIN  |  FRIDAY, 27 FEB 2026
... also rose to $1.06 trillion, up from $1 trillion in December 2024, marking a 6% increase. Exempt public sector superannuation scheme assets rose 3.9% from $175.2 billion to $182.1 billion. This comes after the Association of Super Funds of Australia ...

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
... in fifth place with $133.4 billion assets and nearly 1.9 million members. Government funds - the Public Sector Superannuation Scheme and Military Superannuation & Benefits Fund No 1 - have the highest median account balance of $545,808 and $525,461 respectively. ...

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... held in single asset strategies sitting on platforms. Meanwhile, public sector funds such as the Public Sector Superannuation Scheme and CSS Fund boast the largest median account balances of $542,245 and $531,839 respectively. The Military Superannuation ...

FSCP reprimands two advisers for sloppy tax advice

KARREN VERGARA  |  MONDAY, 16 DEC 2024
... giving the advice, the adviser failed to obtain or consider the client's superannuation assets in the Public Sector Superannuation Scheme (PSS) pension fund. Consequently, the client needed to withdraw $120,735 from the super account and pay a tax bill ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... superannuation entities. Under the new law, these will no longer apply to large APRA-regulated funds, exempt public sector superannuation funds, pooled superannuation trust (PSTs), and approved deposit fund (ADFs). Self-managed funds and small APRA-regulated ...

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... the Nissan Superannuation Plan and CSS came out on top with $892,461 and $568,184 respectively. The Public Sector Superannuation Scheme came in third spot with $487,058. Super funds with a relatively smaller membership base reported substantial assets ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
... Superannuation Corporation (CSC) is changing the structure of its administration fees across ADF Super, the Public Sector Superannuation accumulation plan (PSSap) and CSC retirement income (CSCri). From March 1, members across these divisions will see ...
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