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Showing 1 - 10 of 32 results for "Public Sector Superannuation Scheme"

Super assets reach $4.5tn

ELIZA BAVIN  |  FRIDAY, 27 FEB 2026
... 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 (ASFA) ...

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
... 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
... 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
... 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 on the associated ...

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... 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 under ...

Super assets continue to climb: APRA

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
APRA has published its Quarterly Superannuation Performance and Quarterly MySuper Statistics report, revealing surging growth in the superannuation sector. Total superannuation assets increased by 7.6%, reaching $3.54 trillion in the year to June, compared ...

Funds SA appoints director of asset allocation

KANIKA SOOD  |  WEDNESDAY, 17 MAR 2021
The $37 billion public sector investment manager has appointed a director of asset allocation, hiring from Tcorp. Brendan Hallett will be responsible for leading the asset allocation team and will be deeply involved in developing investment strategy ...

QIC portfolio manager moves to Funds SA

KANIKA SOOD  |  THURSDAY, 27 AUG 2020
The $34 billion public investment manager has hired a new portfolio manager for debt and liquid alternatives from QIC. Petar Bogdanovic spent 15 years at QIC, working in a variety of roles across fixed interest portfolio management, interest rate strategy ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... ATO said. "If an individual applies to the ATO for the release of an amount from an exempt public sector superannuation scheme (EPSSS), the ATO will process the application, make a determination and send a notification to the EPSSS." The ATO said it ...

Commonwealth Super mulls platform changes

KANIKA SOOD  |  MONDAY, 13 JAN 2020
... under CSC's purview that have active contributors: Commonwealth Superannuation Scheme (CSS), Public Sector Superannuation Scheme, Military Superannuation and Benefits Scheme, and the Defence Force Retirement and Death Benefits (DFRDB). It is also responsible ...
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