Tag: superannuation news

AustralianSuper, one of Australia’s largest superannuation funds, is facing legal action for significant delays in processing death benefit claims. The Australian Securities and Investments Commission (ASIC) has taken the fund to the Federal Court for allegedly taking up to four years to assess around 6,897 death benefit claims between July 2019 and October 2024. This…

In recent times, more Australians are taking a proactive approach to managing their superannuation funds, according to the latest survey conducted by Money magazine. The survey, based on 594 responses, highlighted a significant increase in the frequency of Australians checking their superannuation balances. Surprisingly, 40.7% of respondents now monitor their super on a monthly basis,…

A potential disruption in superannuation is looming for Australians as a result of the ongoing US trade war. The trade tensions initiated by US President Donald Trump, particularly with countries like Canada, Mexico, and China, are sending shockwaves through the global economy. The recent implementation of tariffs on imports from these nations has sparked retaliatory…

The latest survey by Money magazine conducted in early February, based on 594 responses, indicates a significant shift in Australians’ approach to monitoring their superannuation balances. The survey highlights that 40.7% of respondents now check their super balances on a monthly basis, a substantial increase from the 7.5% reported in 2023. Moreover, there has been…

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…