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Superannuation

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
The Australian Institute of Superannuation Trustees (AIST) says the proposed changes to the Your Future, Your Super regime don't go far enough.

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
Industry groups have welcomed the Your Future, Your Super (YFYS) review's focus on consumer interests by targeting poor performing super funds.

Hostplus cuts Choiceplus fees

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
The super fund is reducing fees on its direct investment option for members, effective this month.

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period.

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
The federal government has released the outcomes of its review into the Your Future, Your Super laws, flagging among many findings, that it will "fine-tune" the performance test and extend the performance period to 10 years.

Aware Super acquires stake in UK developer

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
Aware Super has purchased Qatari Diar's stake in UK build-to-rent developer (BTR), Get Living, acquiring a 22% stake in the company.

Industry fund tops performance tables

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
Active Super has topped the list for best performing workplace MySuper option in the three years to February end, with a 7.1% per annum return.

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
New research by the Grattan Institute suggests how the government can save up to $13.5 billion annually if superannuation was not geared towards giving high-income earners tax windfalls.

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million.

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
ESSSuper has disclosed a reporting error made by its administrator, Iress, that impacted 9% of its defined benefit members.