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07 July 2022 • By Maja Garaca Djurdjevic • 1 min read

Government pauses YFYS performance test expansion

The government has announced a review of the Your Future, Your Super laws and a pause of the test extension beyond MySuper products for 12 months

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Super funds post lowest returns since the GFC

FY22 was the third worst year for returns in the history of compulsory super. The median balanced super fund ended the 2021-22 financial year down ...

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Rest takes stake in ‘landmark’ Sydney tower

The super fund has acquired a stake in Sydney’s Quay Quarter Tower. Industry super fund Rest has announced it has finalised its acquisition of a ...

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UniSuper and Australian Catholic Super reach next merger ‘milestone’

The two super funds have now signed a successor fund transfer deed. The merger between UniSuper and Australian Catholic Superannuation (ACS) has ...

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Rest expands responsible investment mandate

The super fund has expanded its mandate with a focus on carbon reduction.  Rest has announced an expansion to its sustainability mandate with ...

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Retirement Income Covenant comes into effect as compulsory super turns 30

Super funds must now have a retirement income strategy in place. The government’s Retirement Income Covenant (RIC) legislation has now come into ...

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Super funds confident they will meet 1 July RIC deadline

Super fund leaders are confident they will meet the impending RIC deadline. A recent survey of 19 super funds has revealed that Australian super ...

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Super trustees told to brace for ‘rough seas’ ahead

APRA chair Wayne Byres has told super trustees to brace for “some rough seas” ahead. Speaking at a Trans-Tasman Business Circle event, Wayne Byres ...

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New report gives YFYS performance test tick of approval

The report looked at how accurate APRA’s test is in identifying poor performance.  New analysis from pension fund researcher CEM Benchmarking has ...

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One in five Choice super products tipped to fail performance test

SuperRatings has estimated that around 20 per cent of Choice options will fail their first performance test. When APRA’s annual super fund ...

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