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28 April 2023 • By Keith Ford • 1 min read

Super contributions hit record levels

The 2021–22 financial year saw super contributions increase to their highest levels, hitting a record $163 billion. According to research from ...

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Closing ‘dud’ Choice products to new members is no punishment, says ISA

Industry Super Australia has responded to APRA’s latest Choice Heatmap. Preventing underperforming funds from taking on new members will not help ...

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1 in 5 Choice options ‘significantly underperform’ APRA’s benchmarks

The prudential regulator has published its latest Choice Heatmap. The Australian Prudential Regulation Authority’s (APRA) latest Choice Heatmap has ...

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Industry funds move forward with merger plans

TWUSUPER and Mine Super have announced that they are moving towards a merger. The industry super funds have executed a heads of agreement to create ...

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Board member departs Spirit Super

Spirit Super has announced that a long-term board member will leave the super fund at the end of the financial year. After nearly 12 years as a ...

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UniSuper appoints Revolution to manage private debt portfolio

Revolution Asset Management has won a private debt mandate from the super fund. UniSuper, a $115 billion super fund, has selected specialist ...

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Rest declares impact investment growth ambition

The super fund has set a target to achieve a 1 per cent allocation to impact investments by 2026. Rest Super has revealed its intention to grow its ...

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Jones defends ‘nation-building’ plan

According to Minister for Financial Services Stephen Jones, it’s absolutely not the job of superannuation to be solving social policy failures

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Super funds bounce back from February falls

After dipping in February, Australia’s super funds generated positive returns in March. The median balanced super fund option generated a 0.9 per ...

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Shift focus of super away from being a ‘nest egg’, FSC urges

According to the FSC, current policy settings are not helping to reverse entrenched behaviour where retirees consume less of their super than they ...

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