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Superannuation

MATTHEW WAI  |  THURSDAY, 3 SEP 2026   12:12PM
ASFA head of research Ross Clare believes sports is becoming an important asset class for super funds, noting the dynamics in sports investment has transformed drastically over recent years, based on what he's observed at the ASFA Investment Summit 2026.

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Superannuation assets inch to nearly $4.8tn

KARREN VERGARA  |  TUESDAY, 1 SEP 2026
Total superannuation assets hit nearly $4.8 trillion in the last financial year, marking a 9% rise, namely driven by the rise of industry funds.

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise.

Kaplan winds up pooled super trust

KARREN VERGARA  |  MONDAY, 31 AUG 2026
​​​​​​​Kaplan Funds Management has shuttered its $12.6 million Kaplan Pooled Superannuation Trust (PST) amid merger pressure from prudential regulator APRA.

APRA hits 12 super options with failed grade

KARREN VERGARA  |  FRIDAY, 28 AUG 2026
The number of failed investment products nearly doubled in the 2026 APRA superannuation performance test, with BUSSQ being the only industry fund to make the list dominated by retail funds.

UniSuper unlocks close to $15k for members moving into retirement

MATTHEW WAI  |  FRIDAY, 28 AUG 2026
Eligible UniSuper members will receive a tax-free bonus of up to $14,700 when they move into retirement phase from October 1.

CBA, Colonial First State settle class action for $249m

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2026
Commonwealth Bank (CBA), together with Colonial First State Investments (CFSI) and Avanteos Investments, have agreed to settle the long-running Interest Rates Class Action for $249 million but deny wrongdoing.

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
Netwealth reported record underlying earnings and funds under administration in FY26, though its statutory result was weighed down by $74 million in after-tax costs related to the First Guardian Master Fund collapse.

ART strikes $883m QLD Westfield deal

VINNY VUCAGO  |  TUESDAY, 25 AUG 2026
Australian Retirement Trust (ART) has agreed to acquire a 50% interest in Brisbane's Westfield Mt Gravatt from Scentre Group for $882.5 million, in what is expected to be Australia's largest single-asset retail transaction this year.

HESTA reduces fees, minimum balance for income stream

MATTHEW WAI  |  MONDAY, 24 AUG 2026
HESTA will reduce administration fees and lower the minimum balance required to start an income stream account from September 30.
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