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ISA, AIST announce merger to form new organisation

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) are merging, announcing a new unified organisation to represent profit-to-member superannuation funds.

Norway's sovereign wealth fund returns 10%

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
Norway's $1.4 trillion Government Pension Fund Global returned 10% in the first half, equivalent to $343 billion.

TelstraSuper enhances lifecycle arrangement, introduces new option

CASSANDRA BALDINI  |  THURSDAY, 17 AUG 2023
TelstraSuper is extending the length of time its members are invested in growth assets and introducing a new aged-based moderate investment option for those aged between 65 and 70.

Aware Super takes 100% of Oak Tree Group

CASSANDRA BALDINI  |  THURSDAY, 17 AUG 2023
Aware Super is now sole owner of Oak Tree Group, positioning itself as a significant owner of retirement living assets in Australia while also increasing its global presence in the living sector to $5 billion.

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised.

Equity Trustees combines super, trustee arms

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2023
Equity Trustees is merging its superannuation and corporate trustee services divisions, creating a $150 billion business.

Super tough sell for First Nations people: Podcast

CASSANDRA BALDINI  |  FRIDAY, 11 AUG 2023
In the latest episode of the Financial Standard podcast, First Nations Foundation chief executive Phil Usher says superannuation is inadequate for meeting the needs of all Indigenous Australians, adding that change is needed to ensure better future ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members.

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
A calculation error has forced AustralianSuper to remediate some of its members invested in its Australian Shares option about $2 million.

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
Hejaz Group has introduced the first ever Islamic pension product, alongside a new super offering, advancing its commitment to offer comprehensive wealth services tailored for the Muslim community in Australia.