The latest data from ASFA suggests retiring Australians will need 33 per cent more per year for a “modest” retirement.
Despite a 1.8 per cent drop in US stock markets last week, the superannuation sector is still likely to deliver members positive returns in May, says SuperRatings.
Superannuation funds are in the process of collecting “unprecedented” amounts of member data that will be used to create hyper-personalised services, says Bravura.
BT Financial Group has cut the interest rate it pays on cash held on the Asgard platform by 12 basis points.
Superannuation funds continued their gains in April, with the median growth fund returning 1.5 per cent for the month, according to Chant West.
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