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super

28 August 2018 • By Tim Stewart • 1 min read

IOOF failed its duties to super members: Hayne

IOOF and its super trustee, IIML, continually failed to understand their duties to super members and may have breached the law, the royal commission ...

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Industry funds eyeing corporate super accounts

Equipsuper has beefed up its corporate super team in the hope of winning new business following the royal commission’s hearings into superannuation

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Coalition rejects report into women's super

The government has rejected nearly all of a Senate committee's recommendations aimed at improving women’s retirement savings, a move that has been ...

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Super funds start 2018–19 in the black

The median growth superannuation option has begun the new financial year with a healthy 1.1 per cent return for July, hot on the heels of a 9.4 per ...

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Super fees obsession ‘unhealthy’: Rice Warner

Consumers should be encouraged to focus on the value their fund provides rather than focusing on fees alone, argues Rice Warner. In a statement ...

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AMP super governance under scrutiny

AMP has denied that its superannuation funds are permitted to underperform for five years before the investment committee is obliged to inform the ...

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CBA put aligned advisers before super members

CBA defied a request from APRA to accelerate the transfer of 60,000 members to MySuper in order to placate the bank’s aligned advisers, the royal ...

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Hostplus grilled on corporate ‘entertainment’ spending

Hostplus chief executive David Elia has defended his fund’s expenditure on corporate entertainment, which included $260,000 on Australian Open tickets ...

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NAB’s Andrew Hagger denies misleading ASIC

The royal commission has heard NAB failed to provide ASIC with up-to-date information about its ‘fees for no service’ compensation program as the ...

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Hayne targets industry fund ad spending

Royal commissioner Kenneth Hayne has asked whether industry fund spending on ‘political communication’ breaches the sole purpose test

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