Category: Superannuation News

In the realm of Superannuation News, safeguarding your retirement funds amid the backdrop of global trade uncertainties, particularly influenced by the tariff disputes instigated during Donald Trump’s presidency, is a paramount concern for many investors. The impact of international trade tensions on financial markets and the broader economy has created a ripple effect, prompting individuals…

A noticeable surge in the frequency of Australians checking their superannuation balances each month indicates a growing financial consciousness among the populace. Recent research conducted by Money magazine in February revealed a significant uptick in the number of individuals proactively monitoring their superannuation accounts on a monthly basis, with 40.7% now engaging in this practice…

A recent study has raised concerns over the potential impact of allowing first-home buyers in Australia to access their superannuation funds for house deposits. The research, conducted by University of South Australia’s Professor Chris Leishman on behalf of the Super Members Council, indicates that this move could lead to a significant surge in property prices.…

Superannuation News: Migrants Face Exclusion from Compensation Scheme The closure of an American-themed restaurant in Melbourne’s suburbs left its employees, including second chef Jisan Palikhel, in a dire financial situation, with unpaid wages, annual leave, and superannuation totaling a staggering $230,000. When the restaurant collapsed in 2023 with substantial debts and no assets, recovery for…

In 2025, Australian super funds are poised to expand their investments overseas despite recent sell-offs, signaling a shift towards seeking opportunities beyond domestic borders. Research conducted by Chant West suggests that both industry and retail super funds are increasingly looking to diversify their portfolios by allocating more funds to overseas investments, particularly in unlisted asset…

A recent analysis by the University of South Australia has cast doubt on the effectiveness of the Liberal Party’s proposed super-for-housing scheme, suggesting that it may lead to a significant increase in house prices by 7 to 10 percent. The study indicates that injecting additional demand into an already constrained housing market could result in…

Chant West, a reputable research firm, has recently introduced a groundbreaking service known as Lifetime Product Ratings for the superannuation sector. This new offering is designed to evaluate the quality of lifetime products, which are instrumental in providing a steady income stream for members of super funds throughout their lives. The criteria used in this…

Amidst the escalating tariff war and growing recession fears, Australian superannuation balances have taken a hit due to the recent turmoil in the US stock markets. President Donald Trump’s comments on the potential impact of his tariff policies on the US economy have further fueled uncertainty, causing Wall Street to experience significant plunges. The Nasdaq…

In a significant move, the Australian Securities and Investments Commission (ASIC) has intensified its regulatory oversight by taking legal action against AustralianSuper, the country’s largest industry fund. This action underscores ASIC’s commitment to regulating the superannuation sector more rigorously and dispels any notion of special treatment for superannuation funds. Before January 1, 2021, ASIC’s authority…

The Australian Securities and Investments Commission (ASIC) has taken legal action against AustralianSuper, the country’s largest superannuation fund, over alleged delays in processing death benefit claims. ASIC filed a lawsuit in the Federal Court, accusing AustralianSuper of inefficiency and lack of transparency in handling nearly 7000 death benefit claims between 2019 and 2024. This move…