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Superannuation

Calls for aged care overhaul

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Australia's aged care system is failing and needs to be overhauled, according to the Grattan Institute.

Australian Ethical cuts fees

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
Australian Ethical has cut fees for super fund members as part of what it says is a continued effort to provide lower cost ethical investment options.

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
The prudential regulator has lambasted superannuation funds for not taking underperformance seriously and failing to compare themselves accurately against their peers.

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
MySuper funds continue to recoup coronavirus-induced losses, as the latest Rainmaker research finds default products have on average gained three out of every four dollars lost in February and March.

Investors take charge in C-suite equality

ANNABELLE DICKSON  |  THURSDAY, 1 OCT 2020
A $52 billion industry superannuation fund has launched an initiative to increase gender diversity in the executive teams of the ASX200 companies and already has the support of industry heavyweights.

LGS partners with SuperFriend

ALLY SELBY  |  THURSDAY, 1 OCT 2020
Local Government Super (LGS) has partnered with workplace mental health organisation SuperFriend, to provide support and tools to its staff, members, and their employers.

Industry fund doubles down on fee cuts

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
An industry super fund has announced another fee reduction for members, marking the third cut in two years.

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
The Bank of Queensland has failed to pay several workers their superannuation benefits, in a failure that could potentially blow out to $11 million in back payments.

Super-backed company develops COVID treatment

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
A biotech company backed by AustralianSuper, HESTA, Hostplus and Statewide Super has developed a new preventative treatment shown to reduce COVID-19 levels by up to 96%.

Perpetual successor fund transfer to go ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
After months of delay due to COVID-19, Perpetual MySuper accounts will be transferred to CareSuper on or around 30 October 2020.