The chair of the country’s largest superannuation fund has warned the Coalition’s super-for-housing policy will reduce investment returns and push up house prices.
Super funds must reveal on their websites the investments they hold,but some of the biggest and best resourced funds are leaving consumers befuddled.
Giant super fund signs another deal to expand access to telco poles and wires and cash in on the rising demand for mobile connectivity.
The newly appointed chief executive of the country’s largest super fund was thrust into the middle of a geopolitical firestorm when Russian troops crossed the Ukrainian border three weeks ago.
Superannuation Minister Jane Hume has told a world summit on retirement incomes Australia’s compulsory saving system has helped the nation weather financial shocks.
The super giant is on track to more than double in size to $500 billion in assets in the next five years,with Paul Schroder to lead it during its next phase.
Industry super fund AustralianSuper has paused plans to automatically sign up members to online news website,The New Daily,on an opt-out basis.
The country’s largest super fund returned 20.43 per cent this financial year. But its chief investment officer says the stellar returns will not last long as governments act to slow rapid growth.
One of the country’s largest superannuation funds says it complied with its internal policies when handing over member data to news website The New Daily.
Liberal senator Andrew Bragg has suggested regulations could force super funds’ representative bodies to merge in an aim to reduce account fees and improve returns.
Labor’s Stephen Jones has written to 90 Coalition MPs urging them to vote against the federal government’s proposed changes to the $3 trillion superannuation sector.