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Super

31 August 2023 • By Maja Garaca Djurdjevic and Jon Bragg • 1 min read

More than 1 in 10 trustee-directed products fail APRA’s performance test

The regulator has released the results of its latest superannuation performance test. The Australian Prudential Regulation Authority (APRA) has ...

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Retirees aren’t hoarding funds, says industry figure

The facts show that money is not being hoarded by retirees, a super industry figure has said. The government is currently engaged in a narrative ...

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Iress to drive digital transformation of merged Spirit Super, CareSuper

The two funds have chosen Iress to underpin their merged entity with the aim of leveraging the technology company’s platform capabilities

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Industry leaders dispute regulators’ critique of RIC implementation

The review into how funds have gone about implementing the RIC has been criticised as flawed. In July, a joint review by the Australian Prudential ...

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ART takes next merger step by signing HOA

ART has progressed another merger. AvSuper and the Australian Retirement Trust (ART) have formally entered into a heads of agreement (HOA). In a ...

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How thousands are benefiting from super threshold removal

A super fund has analysed how the dumping of the monthly income threshold for super guarantee contributions last year has impacted its members

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‘Strong growth’ projected for super system: Intergenerational report unveils budget impacts

The latest intergenerational report has laid out predictions for the super system. The total assets in the superannuation system are expected to ...

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ART welcomes 25k new members following latest SFT

The super fund has completed its second largest successor fund transfer. Australian Retirement Trust (ART) has confirmed it has now successfully ...

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$250bn added to super system in FY23, total assets now exceed $3.5tn

APRA has published its latest quarterly superannuation statistics. Australia’s total superannuation assets reached $3.54 trillion at the end of ...

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AIST, ISA issue merger update

The Australian Institute of Superannuation Trustees (AIST) and Industry Super Australia (ISA) have provided an update on their merger plans

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