Category: Superannuation News

The Australian Securities and Investments Commission (ASIC) has taken legal action against Australian Super, the country’s largest superannuation fund, for allegedly causing significant delays in processing death benefit claims for thousands of members. ASIC claims that between July 2019 and October 2024, Australian Super failed to handle nearly 7,000 death benefit claims promptly and fairly,…

A childcare provider, Genius Education, is under scrutiny for allegedly failing to pay its South Australian employees their entitled superannuation funds. The company, which has faced closure due to regulatory concerns, left staff like Rosa, a former educator at the Blair Athol center, feeling abandoned and financially strained. The abrupt closure of the center, marked…

In the realm of financial planning, one key aspect that individuals often focus on is superannuation. Superannuation, a system designed to help people save money for retirement, is a crucial element in securing one’s financial future. While superannuation is generally regarded as a tax-effective way to accumulate wealth for retirement due to its low-tax nature,…

In the realm of superannuation news, understanding the importance of diversifying your investment portfolio is crucial for optimizing your retirement savings strategy. While the superannuation system offers significant tax benefits and is globally recognized for its effectiveness, there are instances where allocating your wealth outside of superannuation can be advantageous. Diversification is a fundamental principle…

In recent news related to superannuation, AMP has reported robust double-digit returns for its MySuper superannuation fund options in the calendar year 2024. The AMP MySuper 1970s option, known for its high-growth asset allocation, achieved a noteworthy 15% return during this period. Members of AMP MySuper born in the 1980s and 1990s also experienced impressive…

In a recent speech at the AFR Super & Wealth Summit 2024, APRA Deputy Chair Margaret Cole highlighted the critical role of superannuation in the financial wellbeing of Australia’s economy. With $3.9 trillion in assets under management, the super industry shoulders the responsibility of safeguarding the retirement savings of millions of Australians. However, concerns have…

In the realm of superannuation news, the impact of Trump’s presidency on retirement finances has been a topic of concern for many. The financial markets have experienced significant fluctuations since Trump assumed office, with billions lost one day and record highs reached the next. This market volatility, as indicated by the VIX index measuring fear…

The escalating tensions in the US trade war are raising concerns among Australians, particularly regarding the potential impact on their superannuation funds. As US President Donald Trump imposes tariffs on various countries, including allies like Canada and Mexico, economists are warning of the detrimental effects of these actions on the global economy. Trade wars, characterized…

In today’s financial landscape, the issue of superannuation for women has come under scrutiny, shedding light on a pressing crisis that demands immediate attention. As women approach retirement age, they are faced with a stark reality – their financial future is at risk, and the gender pay gap plays a significant role in exacerbating this…

UniSuper’s exceptional performance in 2024 was primarily fueled by the robust international equity markets, as reported in the Super Review’s 2025 Guide to Superannuation. The Balanced option yielded a substantial return of 9.2% by June 30, 2024. Noteworthy were the Sustainable High Growth and Sustainable Balanced options, which boasted returns of 15.2% and 12.2%, respectively,…