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Superannuation

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
Writing to super fund trustees, ASIC and APRA have confirmed that under the Retirement Income Covenant funds will need a strategy in place by July 2022.

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
AvSuper has appointed a new group insurer and will increase premiums from next month, as it continues work to identify a merger partner.

Super fund cuts fees, appoints insurer

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
One of the 13 super funds to fail last year's performance test is going to halve its percentage-based administration fee, a move expected to cement it as one of the cheapest MySuper products on offer.

Super funds drop Russian assets

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia.

New initiative calculates how much Aussies need in retirement

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
Super Consumers Australia has launched a new consultation attempting to calculate exactly how much Australians need to retire in comfort.

Australian Retirement Trust announces next merger partner

ELIZABETH MCARTHUR  |  THURSDAY, 3 MAR 2022
Hot off its own creation via merger, Australian Retirement Trust has announced it will now merge with Australia Post Superannuation Scheme.

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
Voluntary member contributions helped push the superannuation asset pool to a new record of $3.5 trillion at the end of 2021.

CSC turns 100 years old

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
The Commonwealth Superannuation Corporation, one of Australia's longest running funds with $58 billion in assets under management, celebrates its 100th year anniversary in 2022.

Super baby bonus could end inequality

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
A baby bonus paid into the superannuation accounts of women who go on parental leave combined with paying super during their time off could address the significant gap between the retirement savings of men and women.

Biggest ever super merger completes

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
Australia's largest ever merger between two super funds has seen the $130 billion QSuper and $97 billion Sunsuper merge to create Australian Retirement Trust.