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Superannuation

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
A recently released KPMG Super Insights report shows Australia could have at least two super funds with over $1 trillion in assets in the next 20 years.

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
Liberal senator Andrew Bragg has pulled no punches in a recently released policy manifesto titled The basis of a fair society is a strong economy, once again calling for superannuation to be voluntary for those on low incomes.

Westpac offloads BT super funds to Mercer

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
Westpac has confirmed it signed a successor funds transfer with Mercer which will see its personal and corporate superannuation funds transferred to Mercer Super Trust.

Cbus to sell corporate art collection

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
Cbus is auctioning its art collection, estimated to be worth about $9 million.

HESTA opposes AGL demerger

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAY 2022
The industry fund will not back the proposed demerger, saying it will not adequately support decarbonisation efforts and therefore wouldn't serve its members' best interests.

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
APRA's latest quarterly superannuation performance statistics show the industry's total assets increased almost 10% over the past year.

Beware super home buyer collateral damage: ISA

ANDREW MCKEAN  |  FRIDAY, 20 MAY 2022
The Coalition's super home buyer proposal could leave thousands worse off, even if they don't access the scheme, Industry Super Australia (ISA) has said.

Dump annual super contributions cap: CA ANZ

JAMIE WILLIAMSON  |  THURSDAY, 19 MAY 2022
Ahead of this weekend's election, the Chartered Accountants Australia and New Zealand (CA ANZ) wants both major political parties to commit to dumping the annual superannuation contribution cap for the benefit of women.

Super home buyer scheme fails to move the needle

ANDREW MCKEAN  |  WEDNESDAY, 18 MAY 2022
At first glance, the government's superannuation plan for homebuyers seemed a compelling proposition, but concrete analysis has revealed that at best it's only a marginal measure.

Superannuation not a super solution to housing affordability

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
Homeownership rates have plummeted, but unions and industry groups have had a negative response to Scott Morrison's last-ditch pitch to 'aspirational Australians'.