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Superannuation

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
Three people will go to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme for $103,500.

Super funds slash external mandates by 54%

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
The number of investment managers winning institutional mandates has tanked 54% in less than two years as superannuation funds ramp up the in-house management of assets, Rainmaker Information research reveals.

Brighter Super seeks fund managers for $500m mandate

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
Brighter Super will invest a further $500 million to build Queensland and is looking for the right fund manager partners to make it happen.

Super fund engagement peaks among members with $250k+ balances: Report

ANDREW MCKEAN  |  THURSDAY, 30 MAY 2024
An Investment Trends report has identified a clear inflection point for member engagement with superannuation funds.

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
Superannuation assets soared to $3.9 trillion, jumping 11.3% at the end of March despite the number of APRA-regulated funds shrinking.

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
The Association of Superannuation Funds Australia (ASFA) has revealed that the cost of funding a "comfortable retirement" has risen to a record high.

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
Expensive retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows.

APRA hits Mercer with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
Mercer has responded to the regulator saying it is committed to taking action on the issues raised.

How super funds could better support members: Research

ELIZA BAVIN  |  MONDAY, 27 MAY 2024
New research from TAL has identified several areas where super funds could better support members approaching retirement.

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
Equip Super has selected a new custodian and back-office administrator to replace NAB Asset Servicing.