Government should manage default super: Costello
Suggestions by former treasurer Peter Costello that the government should manage default superannuation have been decried by the industry as “nationalising super”.
Super members ‘paralysed’ by choice
Australians now have over 41,000 superannuation investment options to choose from, which is far more than they could ever want or need, says Rice Warner.
Equipsuper cuts admin fees following merger
Industry fund Equipsuper has made cuts to its administration fees in what it says is the “first sign of merger benefits” with Rio Tinto Staff Super.
Super funds must invest more overseas: Cerulli
Given the size of Australia’s superannuation sector, funds should be seeking more opportunities in global equities, says Cerulli Associates.
Know your members, Milliman warns super funds
Data collected on super fund members does not go far enough in revealing what members actually need or desire in retirement, research house Milliman has warned.
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