superannuation funds

Policy & Regulation

A parliamentary inquiry will be looking into the implications of capital concentration and common ownership from banks, superannuation funds, investments funds, and hedge...

Financial planning

ACCC delivers industry funds clean bill of health on advice

Industry superannuation funds have been delivered a clean bill of health on their use of third-party advice services. ...

Superannuation

Members ‘unlikely’ to remain in poorly-performing super funds: Grattan

While there is a possible danger of members remaining in poorly-performing super funds, this is the better option than them accumulating multiple accounts. ...

Financial planning

Do advisers have a vested interest in increased SMSF memberships?

Sydney University research has suggested that accountants and financial advisers will be beneficiaries of the Government’s move to increase the maximum number of SMSF mem...

Superannuation

ASIC backs super funds on use of member reserves

The Australian Securities and Investments Commission is backing the Federal Court’s precedent in the IOOF case on how and when superannuation funds can use member reserve...

Superannuation

Super funds recover COVID-19 losses

The average balanced investment returned flat for the 2019/20 financial year, after the pandemic wiped 37% of the Australian share market from peak to trough in March and...

Superannuation

Has COVID-19 volatility undermined APRA’s heatmaps?

New analysis from Frontier Investment Consulting suggests that the volatility generated by COVID-19 has raised real questions about the Australian Prudential Regulation A...

Financial planning

Super members ease off COVID-19 queries

The top client issue dealt with by advisers in May was concessional super contributions, compared to April when early access to super dominated clients’ questions, accord...

Superannuation

The ‘diabolical’ threat of sequencing risk

The threat of sequencing risk is “diabolical” for retirees and pre-retirees and leaving them in danger when there is a market collapse, according to Cor Capital. ...

Superannuation

Fund reveals how ATO revoked early release requests

A major industry fund, LUCRF has revealed the manner in which the Australian Taxation Office has at first approved hardship early release superannuation requests and then...

Superannuation

15 super funds optimal for Australia - report

Smaller superannuation funds should be considering mergers or heading for the exit, according to a new report which suggests Australia’s optimal number of funds is 15, do...

Superannuation

Super members believe de-risk misconception

Most super members believe their fund automatically de-risked to protect their investments from losses during a downturn and did not know asset allocation was an importan...

Funds management

Balanced funds ‘flying blind’ in their allocations

Assets such as infrastructure are failing to provide defensiveness during sharp market downturns, according to Cor Capital. ...

Superannuation

Unstable policy hinders super funds’ ability to help economic recovery

Superannuation funds can play a major role in Australia’s economic recovery post pandemic but current unstable policy settings would constrain the ability to invest in im...

Financial planning

Report intra-fund advice problems to ASIC says Hume

Financial advisers should report any concerns they have about superannuation funds breaking the intra-fund advice rules to the Australian Securities and Investments Commi...