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15 February 2023 • By Jessica Penny • 1 min read

HESTA hits 1m members

The fund has celebrated a turning point in its growth in welcoming its millionth member.  HESTA has announced its membership has now surpassed 1 ...

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January market rally pushes super fund returns higher

Australia’s super funds have had a positive start to 2023. The median balanced superannuation option delivered a return of 3 per cent in January, ...

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Super disruptors call it quits

New data shows superannuation disruptor products have failed. According to Rainmaker Information, the vast majority of superannuation disruptor ...

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ART selects State Street for custody and administration

The financial services firm will provide investment operations transformation and data analytics support to the super fund. State Street ...

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Mercer proposes $3.4m balance cap to improve fairness in super system

A super balance cap is among five recommendations made by Mercer. Mercer has urged the federal government to introduce a maximum superannuation ...

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ISA asks government to amend quarterly super payments 

Paying super with wages would boost savings for the 4.2 million workers who are paid quarterly, Industry Super has revealed. Industry Super ...

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Aussies support legislating retirement-focused objective for super

According to FSC research, Australians do not believe that investing in projects of national significance should be included in a potential legislated ...

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APRA hits Diversa with additional licence conditions over prudential concerns

According to the prudential regulator, the new licence conditions set the minimum standard for governance, risk, outsourcing, oversight and member ...

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Which super funds delivered the best returns in 2022?

SuperRatings has released its analysis of super fund performance in the year gone by. The Perpetual Balanced Growth Fund returned 1.7 per cent over ...

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HSBC increases engagement with Australian super sector

The partnership will enable the international bank to extend its services into the Australian super sector.  HSBC Australia has announced a new ...

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