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10 February 2022 • By Maja Garaca Djurdjevic • 1 min read

APRA defends super funds paying fines with members’ cash

APRA has thrown its support behind super funds, labelling pools of emergency-use funds as a means to safeguard members’ financial interests

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APRA, ASIC to front committee over super war chests

APRA and ASIC will appear before the House economics committee on Thursday. The House economics committee will hold a public hearing this week to ...

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APRA will take ‘firm supervisory action’ on underperforming funds

The regulator said it is focused on improving member outcomes and eradicating underperformance. In its 2021 Year in Review publication, the ...

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Super funds returned over $400bn in 2021

The year 2021 was the sixth highest year for super returns since 2000. With the median balanced super fund delivering a return of 13.4 per cent in ...

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Super funds deliver 10 years of positive returns

Hostplus was the top performing super fund of 2021 in a positive year for the industry overall. The median growth super fund ended 2021 with ...

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Government urged to close the super gender gap with full super on parental leave

A leading not-for-profit organisation is leading the call to pay super during parental leave. Not-for-profit organisation Growing Potential has ...

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More than a quarter of SA workers impacted by unpaid super

Industry Super Australia has again called on the federal government to take action on unpaid super. Workers in South Australia lost a total of $283 ...

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Cbus more than doubles super investment options

A range of new investment options will soon be available from the super fund. Cbus Super has announced it will launch six new investment options in ...

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CUBS Super Fund to close in March

The “merge or die” mandate for super funds has claimed its next victim. Another retail super fund is admitting defeat, with the Credit Union ...

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$1bn super shortfall for Queensland workers

More than half a million workers have been impacted by unpaid super in Queensland. Analysis conducted by Industry Super Australia (ISA) has found ...

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