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12 May 2023 • By Jon Bragg • 1 min read

AustralianSuper to refund $70m over multiple member accounts

Australia’s largest super fund says that it has now strengthened its processes for managing multiple members accounts after identifying areas for ...

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Super industry reacts to Labor’s second budget

Tuesday’s budget has prompted parts of the super industry to call for further change. Labor’s second federal budget contained few surprises related ...

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Super funds deliver positive returns as inflation continues to bite

SuperRatings has published its estimates for April’s super fund returns. The median balanced superannuation option delivered a 1.2 per cent return ...

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Rest offloads Endeavour Energy stake to Macquarie

The super fund will divest its stake to a fund managed by Macquarie Asset Management. Rest has announced that it has entered into an agreement to ...

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Super funds urged to tap into $3tn climate solutions opportunity

By investing in climate solutions in emerging markets, the IGCC says that funds can deliver sustainable returns while driving ongoing social and ...

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‘Mega’ funds expand share of super sector

Market volatility has widened the competitive gap in the superannuation industry, with seven of Australia’s largest funds increasing their collective ...

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Payday super embraced as setting a ‘level playing field’ for employers

The superannuation industry has expressed its support for the federal government’s move to mandate the payment of super at the same time as wages

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VicSuper members transferring to Aware Super

Aware Super has announced that the VicSuper name will be retired, and members will now be under the Aware Super brand. VicSuper and Aware Super (at ...

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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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