Lifecycle products cost members: Research
New Rainmaker research has found being a member of a typical lifecycle MySuper product could reduce a person's retirement savings by up to 23% by age 70.
New Rainmaker research has found being a member of a typical lifecycle MySuper product could reduce a person's retirement savings by up to 23% by age 70.
Superannuation funds are making changes to investment portfolios ahead of legislation which in turn could lead to more volatility and less diversification for members.
Three in four superannuation funds reported negative net earnings last year, after accounting for all expenses and income.
The $180 billion superannuation fund has been ordered to audit certain procedures, after a member's complaint to a federal regulator found the fund interfered with their privacy.
The Australian Institute of Superannuation Trustees says the new Your Future, Your Super laws should prioritise underperformance ahead of stapling as existing members stuck in dud funds will be worse off.
Slater and Gordon have filed a class action against ANZ and its former subsidiaries OnePath Custodians and OnePath Life as part of its #GetYourSuperBack campaign.
Rainmaker research shows there is an underperformance challenge that needs to be confronted.
Hostplus has terminated an Australian equities mandate with a Franklin Templeton subsidiary.
AustralianSuper and UniSuper have bolstered their investments in a major road development based on the east coast of the US.
Large outflows experienced by some super funds as a result of the government's early release of super scheme had little impact on fund performance.
The same underperforming and costly MySuper products APRA named and shamed last year have failed members again in the latest iteration of the heatmaps.
Industry Super Australia (ISA) has significantly ramped up its campaign against the Morrison government's Your Future, Your Super reforms package
Industry Super Australia (ISA) has significantly ramped up its campaign against the Morrison government's Your Future, Your Super reforms package
A parliamentary inquiry has again cast doubt over retail superannuation funds' ability to put the best financial interests of members ahead of profit and shareholders.
A $117 billion superannuation fund is changing the cost of insurance across the board at the turn of the New Year.
A $117 billion superannuation fund is changing the cost of insurance across the board at the turn of the New Year.
Senator Jane Hume is cracking down on how superannuation funds spend members' money and subjecting them to the same stringent reporting and disclosure requirements as publicly-listed companies.
Around $35 billion has been removed from Australians retirement savings as the governments' early release of super (ERS) scheme edges towards its close.
Outlining its view of the reforms, AIST pointed out the need for all members to be protected from underperformance, not just new members.
Superannuation funds are missing an opportunity to engage with younger members, who are increasingly becoming dissatisfied with their providers, via digital engagement.
The nation's largest superannuation fund is facing heat for not divulging details of its $11 million marketing expense and how effective that has been in acquiring new members.
Prior to the horses hitting the track many economists are betting on a rate cut by the Reserve Bank of Australia's board today to a new historical low of 0.10%.
The Federal Court case brought by Mark McVeigh against the $57 billion industry super fund has been dismissed.
The $83 billion superannuation fund has updated its fees for transition-to-retirement members invested in several options.
The government's new Your Future, Your Super investment performance benchmarking is flawed and will have unintended consequences, according to Rice Warner.
The Association of Superannuation Funds of Australia is suggesting an alternative one-off test to weed out underperforming default funds.