The government has unveiled a new suite of governance changes for superannuation funds, including a requirement to hold annual member meetings.
The boards of Sunsuper and Kinetic Super have confirmed their decision to merge after entering talks in April 2017.
The Australian Catholic Superannuation and Retirement Fund has made a $128 million investment into Australian Ethical’s balanced fund.
The Financial Services Council says increased competition within Australia’s superannuation sector could save members $292 million in fees, meaning more should be done to introduce “further choice and competition”.
New research released by the Financial Services Council (FSC) has suggested that a more competitive superannuation system could result in lower fees for default members.
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