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Superannuation

Cbus, UniSuper back new housing bond

KANIKA SOOD  |  THURSDAY, 21 NOV 2019
Cbus and UniSuper have invested in a new $315 million bond issue, which the government will use to finance affordable housing in five states.

Underperformers should not be allowed new members: Silk

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
Australians should not be able to be defaulted into or even be able to choose to enter an underperforming superannuation fund, according to AustralianSuper chief executive Ian Silk.

Super Fund of the Year named

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 21 NOV 2019
Australia's biggest super fund has been crowned fund of the year at this year's Rainmaker SelectingSuper awards in Melbourne.

Industry fund appoints new group insurer, ups indirect fee

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2019
A $2.6 billion industry superannuation fund has brought to an end its long-standing relationship with Hannover Life Re, appointing a new life insurer. At the same time, the fund has increased its indirect administration fee.

Flaws in Grattan SG research: Report

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
Research published this morning by Jim Stanford from the Australia Institute says increasing the superannuation guarantee to 12% will not stifle future wage growth, and calls out assumptions used in Grattan's research on the subject.

Industry fund bumps up fee for ESG option

KANIKA SOOD  |  TUESDAY, 19 NOV 2019
A $4 billion industry fund has increased the fee for its ESG option, which is managed by AMP Capital.

FSC, ISA face off over APRA heat map

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
Two of the most influential lobbying groups in superannuation have taken vastly different positions on APRA's recently unveiled MySuper heat map.

Media Super winds up income investment option

ELIZABETH MCARTHUR  |  MONDAY, 18 NOV 2019
The $6.2 billion superannuation fund Media Super has issued a notice to members notifying them that its Income Plus investment option will close effective 5 February 2019.

Hume blasts super merger laggards

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
Senator Jane Hume has slammed the superannuation industry over the excuses used by super funds for not merging, saying there is simply no excuse when members' best interests are at play.

No pat on the back for high performers: APRA

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
APRA's superannuation heat map will not feature any means for demonstrating high performance across any of the system's metrics, the regulator has revealed.