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31 May 2022 • By Jon Bragg • 1 min read

Industry super fund suffers major data breach

Around 50,000 member records were impacted by the breach that took place earlier this month. Spirit Super has confirmed that 50,000 of its member ...

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Super fund mergers tipped to persist following BT, Mercer announcement

Head of Mercer Super predicts super mergers will persist over the next few years. On Thursday, Westpac and BT Funds Management announced they have ...

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Two super funds tipped to reach $1tn by 2040

KPMG has released the findings from a new review. At least two Australian super funds could have over $1 trillion in assets by 2040, according to ...

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Superannuation assets climb to $3.4tn

Total super assets have increased by nearly 10 per cent over the past year but are down slightly on the previous quarter.  The Australian ...

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Advocacy group says ‘it is time to test more super investment options’

The organisation has called for action from the new government. Super Consumers Australia has called on the new Albanese government to make ...

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Super funds in red with only 6 weeks to go in FY22

Unless a recovery takes place in the coming weeks, super funds will experience their fifth negative financial year since the introduction of ...

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Super home buyer scheme could ‘torpedo’ super savings

Industry Super Australia has argued that the scheme would force funds to hold more cash. New modelling from Industry Super Australia (ISA) has ...

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Major parties urged to commit to bold super reform

A lifetime concessional contribution cap is once again being floated as the right solution for all Aussies. Chartered Accountants Australia and New ...

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Super funds at risk of falling into negative in FY22

With two months to go in the current financial year, super funds are only just in the black. The median balanced super fund lost 1.1 per cent in ...

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Super system 'can do better': APRA chair

Wayne Byres discussed the sector at a FINSIA event. Australia’s $3.5 trillion superannuation savings pool is a key asset, but the “system can be ...

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