AustralianSuper

Superannuation

Industry funds confirm CEOs earning over $1 million

Total salary packages over $1 million are no longer uncommon amongst industry fund chief executives, according to answers provided to a Parliamentary Committee. ...

People & Products

Assemble constructs board

The build to rent developer has announced its newly-formed board which includes a former Hesta chair and two senior AustralianSuper executives. ...

Superannuation

AustralianSuper among largest asset owners globally

Super fund AustralianSuper has risen to be recognised as one of the top 50 largest asset owners in the world, with US$129,095 in assets. ...

Superannuation

Industry fund declares clean hands on investment switching

Faced by suggestions of an investigation by the Australian Securities and Investments Commission, industry fund NGS Super has declared clean hands on investment switching...

Superannuation

Industry funds advertising to be scrutinised

A key Parliamentary Committee has declared its intention to scrutinise the amount of money being spent by industry funds on advertising and whether it is members’ best in...

Superannuation

Mega-super fund outflows would have sunk many smaller industry funds

The latest data around the Government’s hardship early release superannuation regime has confirmed that only mega-funds could have coped with the level of outflows genera...

Superannuation

How spooked super fund members crystallised their losses

New data has revealed how thousands of superannuation fund members and a few super fund trustees crystallised their losses in a 30-day period of turmoil generated by the ...

Superannuation

How super early access has staunched the SG rivers of gold

Data analysis around the Government’s hardship early release superannuation regime has revealed that the ‘rivers of gold’ inflows generated by the superannuation guarante...

Superannuation

Federal Government’s action will double early release drawdowns

Superannuation fund industry representatives are expressing concern as funds face outflows of more than $60 billion as a result of the Government’s three-month extension ...

Superannuation

Funds hit most by early release perform best over 10 years

While AustralianSuper, Hostplus, and Cbus had some of the largest drawdowns from the scheme, they also produced some of the best returns over the last decade, according t...

Superannuation

The super funds taking the multi-billion dollar hits from early release

Superannuation fund members returning to access the $10,000 second tranche of the Government’s hardship early release superannuation regime have dominated the latest Aust...

Superannuation

Predicted 2nd tranche early release surge become a reality

Superannuation fund executives have confirmed that the predicted second tranche early release superannuation surge has become a reality....

Superannuation

APRA predicts second tranche early release surge

Just over $18 billion has already been taken from superannuation accounts via the Government’s hardship early release superannuation scheme and the Australian Prudential ...

Superannuation

10 super funds still accounting for 60% of early release payments

Big, highly-exposed superannuation funds continue to make the bulk of hardship, early release superannuation payments....

Life/Risk

TAL and AustralianSuper provide life cover for members with empty accounts

Those members of AustralianSuper who empty out their superannuation accounts via the Government’s hardship early release scheme will continue to have life cover worth $10...