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Superannuation

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
An $8.5 billion corporate superannuation fund has swapped out MLC Life Insurance for another provider after eight years.

NULIS satisfies ASIC requirements

HARRISON WORLEY  |  MONDAY, 16 DEC 2019
A report handed to ASIC by global consultant KPMG shows NAB's superannuation trustee has met its additional license conditions.

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
The superannuation industry will undergo profound changes that will see it grow to become a $7 trillion market ($4.8 trillion in today's dollars) by 2034. But it's not all good news for the retail sector.

Super funds merge, leaders appointed

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
First State Super and VicSuper have confirmed a merger will go ahead, naming the chief executive and chair for the combined $125 billion fund.

Industry fund pushes for simpler super splitting

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
One of the nation's largest super funds has joined forces with Women's Legal Service Victoria (WLSV) to simplify the process of splitting super assets.

Industry fund members targeted

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
Members of a $6 billion industry superannuation fund are being targeted by aggressive cold calls pushing them to roll over their super into another fund.

MySuper heat map lauds industry funds

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
Industry super funds fared best in APRA's first MySuper heat map, forming the majority of products given the all clear by the regulator.

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
The prudential regulator has finally published its long-awaited heat map for MySuper products, with deputy chair Helen Rowell saying it's likely many in the industry will feel uncomfortable.

BT Super announces new admin fees

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
BT Super has announced a new admin fee schedule for BT Super and Asgard Employee Super members.

Super funds snap up local renewable asset

HARRISON WORLEY  |  MONDAY, 9 DEC 2019
Two of Australia's largest industry superannuation funds have joined forces to purchase a South Australian wind farm capable of generating enough energy to power more than 140,000 homes each year.