Australian superannuation funds delivered their 5th consecutive year of positive returns in 2016, with industry funds continuing their trend of outperforming their retail peers, according to Chant West.
CommInsure has announced it will act as group insurer for Nationwide Superannuation Fund (NSF Super) after winning the tender.
Changes to the superannuation system outlined in the 2016 federal budget may have led SMSF trustees to adopt a more conservative approach to trading, research from CommSec has shown.
Ongoing political uncertainty and spikes in volatility have held superannuation returns for the 12 months to 30 November below their seven-year average, according to research company SuperRatings.
Australian Institute of Superannuation Trustees chief executive Tom Garcia has resigned in order to take up a new role at AustralianSuper.
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