Div 296 gets a makeover, as government reads the room
So, the scuttlebutt had substance: the government has backed down several controversial elements of its Division 296 super tax reform package.
Super funds push 'vulnerable' bank stocks into stratosphere, elevating risk levels
The super funds' collective willingness to pay inflated prices for bank shares is starting to make them look like outliers. With about 30 per cent collective...
Super early access for housing would hurt every member’s balance
Opening up early access to super for housing would have a negative effect on the balances of even those members that don’t dig into their savings, with funds...
Governance, representation on the agenda for super funds of the future: Morningstar
Megafunds are set to control trillions in member savings, and a few crucial themes are emerging that will figure in the future direction of the superannuation...
Advice in super declines as funds 'stuck' on member engagement: SuperRatings
Super funds are offering less and less advice services, despite members making clear that they need it more than ever. Fund advice has a relatively attractive...
Gargantuan funds and the 'second six': The state of super and what members think about it
KPMG’s latest Super Insights report shows the future shape that the industry might take, with distinct cohorts of funds now emerging across size and service....
Labor risks repeating franking credit calamity with $3M super cap proposal
In the 2019 federal election, Labor’s proposal to abolish cash refunds for excess franking credits went down like a lead balloon. So, will the $3 million cap...
BlackRock's Fink looks to Australia's 'good model' for US super system
Super funds are an accumulation wonder of the world, but when it comes to retirement they’re in the same leaky boat as every other defined contribution...
Super funds failing to understand the needs of vast middle market: Report
The financial needs of a staggering 64 per cent of retirees sit beyond the comprehension of super funds, a new report states, because there is too much...
Hobbled by hubris, industry funds in danger of failing their members
The meteoric rise of industry funds has earned them a rightful place at the top of the superannuation food chain. But their standing is not a given, and the...
Australia jumps to fifth in Mercer's Global Pension Index
Higher mandatory contributions and increased pension assets helped Australia improve on its 2022 score in Mercer annual index, and move up a spot in the...