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Superannuation

Sunsuper adds long/short to Aussie equities

KANIKA SOOD  |  TUESDAY, 29 SEP 2020
The industry fund is adding a long/short manager to its Australian equities allocation after sticking with long-only strategies.

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings.

No evidence lower SG will result in higher wages: ACTU summit

ELIZA BAVIN  |  MONDAY, 28 SEP 2020
The Morrison government has been labelled cruel for considering postponing the legislated rise to the superannuation guarantee by those speaking at the ACTU Emergency Super Summit.

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
A $1.5 billion corporate superannuation fund has reduced death, total and permanent disability (TPD) premiums and administration fees - but income protection premiums will rise.

SMSF changes unlikely to mushroom new funds

KANIKA SOOD  |  FRIDAY, 25 SEP 2020
Allowing more members in SMSFs is unlikely to spur their establishment rates, according to a submission by University of Sydney's Susan Thorp.

AMP Capital Ethical Leaders loses another mandate

ELIZABETH MCARTHUR  |  THURSDAY, 24 SEP 2020
A third superannuation fund in mere months has terminated its mandate with AMP Capital to manage to its ethical investment option.

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
Senator Andrew Bragg is calling for greater scrutiny of how superannuation funds spend members' money, slamming the system that has enjoyed three decades of unquestioned opacity.

Many who accessed ERS unsure of impact: Research

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
The Australian Financial Complaints Authority has revealed the breakdown of what was complained about between 3 March 2020 and 31 August 2020.

Retail fund satisfaction drops

ELIZA BAVIN  |  WEDNESDAY, 23 SEP 2020
Customer satisfaction will retail funds fell by 2.5% while satisfaction in industry funds rose 0.2%, according to new data from Roy Morgan's Superannuation Satisfaction Report.