Today
APRA puts onus on Cbus to ensure CFMEU directors are fit, proper
Senators have called for the construction industry fund to cut ties with the CFMEU amid allegations of criminality at the union. The prudential regulator says it is up to superannuation fund boards.
- Hannah Wootton
Yesterday
ART closes in on AustralianSuper’s top spot with new merger
The deal will add Qantas’ $9 billion in funds under management to the Australian Retirement Trust’s ballooning $280 billion-plus asset pool.
- Hannah Wootton
Top 10 super funds revealed for FY24
A small mining industry fund delivered the highest returns for the second year in a row, with two retail super giants joining it in first place.
- Hannah Wootton
This Month
Super giant is ‘comfortable’ being among the worst funds for FY24
Industry super fund Hostplus’ annual return for its default product was among the lowest in the sector, but CIO Sam Sicilia says its long-term plan is solid.
- Hannah Wootton
Super fund savings will ride out ‘year of elections’: CIOs
But investment chiefs warn that the rise of populism or an increase in US-China tensions could flow through to short-term returns.
- Hannah Wootton
Time to buy into tech stocks has passed, says UniSuper
Soaring technology stocks helped increase the retirement savings of the fund’s customers last financial year, but it’s hitting the pause button on further investment.
- Hannah Wootton
Heavy office tower exposure drags down Cbus’ annual returns
But the construction industry super fund stood by its heavy allocation to the asset class, even as its financial year returns fell below rivals.
- Hannah Wootton
Aware Super cashes in on tech, healthcare bias to return 11pc
Aware follows several other super funds with high global equities exposure reporting returns of more than 11 per cent for 2023-24 as tech stocks soared.
- Hannah Wootton
Retail super funds ride tech boom to outperform industry rivals
Two of Australia’s largest retail superannuation funds delivered 11-plus per cent returns as they benefited from soaring sharemarkets.
- Hannah Wootton
Industry super giant lags rivals with 8.5pc return
Defensive positioning against equities stung AustralianSuper early in 2023-24, but growing its exposure to soaring technology stocks helped it recover.
- Hannah Wootton
June
Vision Super buys up Whitehaven shares
The fund, which sells itself to customers as environmentally conscious, has watered down its climate investment promises as “green hushing” continues to rise.
- Hannah Wootton
How much your super fund is expected to grow this financial year
The expected returns were driven largely by strong performances from overseas equities, Chant West found.
- Hannah Wootton
Cbus tops list for super complaints
Cbus also paid $1 million in compensation claims to customers in the first half of the financial year.
- Hannah Wootton
I have an older-style pension – has the government forgotten about us?
While legacy income streams were not addressed in the recent federal budget, there are steps you can take to make them easier to work with.
- John Wasiliev
Why the proposed new $3m super tax is simpler than you think
But the devil is in the detail, so the potential for complexity lies in how the “proportion” and “earnings” amounts are worked out.
- Meg Heffron
- Opinion
- EOFY
Five things for SMSFs to do before June 30
Think of it as the world’s most boring, but incredibly profitable, game with the Tax Office.
- Tim Mackay
