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18 December 2020 • By Sarah Simpkins • 1 min read

APRA hints trustees in hot water

APRA is currently reviewing whether it should take enforcement action against eight superannuation trustees for failing in their obligations to ...

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Super industry warns members ‘will suffer’ under reforms 

Executives across the superannuation sector have warned that the government’s proposed Your Future, Your Super reforms will move the Australian ...

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ASIC still on super insider trading case

ASIC has said that it is working with APRA to investigate claims of “quasi insider trading” at a number of super funds but that its investigation ...

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COVID-diminished work doubled super withdrawals

Australians who saw a negative impact to their employment through COVID were twice as likely to tap into early super than the overall average, ...

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Super funds rank dead last on disclosure

Australia sits alone at the very bottom of 26 other global markets due to the fact that super funds are not required to disclose portfolio holdings, ...

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Cbus, Media Super form merger blueprint

The two industry super funds are expected to merge next year, now drawing up plans for how they will consolidate their operations. Cbus and Media ...

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APRA probing super spending

The prudential regulator has indicated that it is examining the how trustees and superannuation boards justify their expenditure decisions in a new ...

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ISA savages super reforms

Industry Super Australia (ISA) has slammed the reforms as the “greatest gift to the big banks” in a clear signal that the Morrison government has a ...

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Retail super dodges performance test: ISA

Nearly half of the superannuation system would be exempt from new performance tests designed to protect members from dud funds. Around $881 billion ...

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Will AustralianSuper be the first ‘mega fund’?

Australia’s biggest super fund got even bigger through the worst recession in a hundred years, reaping the benefits of an advertising blitz and its ...

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