Apr 4, 2024 · As the assets under management in the Australian superannuation system continue to grow – now up to $3.7 trillion – and as populations around the world age, Australia’s compulsory savings regime is attracting global attention.. While it has its shortcomings – including the need to evolve from a primary focus on worker savings to …

Nov 20, 2024 · Treasurer Jim Chalmers has unveiled a policy agenda targeting the retirement phase of superannuation, including a legislative change that will allow funds to provide new retirement product features like money back guarantee. The reform package was described by Chalmers as “necessary” and the result of “consultation and collaboration” with industry in his foreword to the inaugural ...

Jan 10, 2025 · But Cbus’ response was that there were “clear implications” in Bragg’s question that the fund has “changed the trust deed following ASIC’s recently announced legal action [added emphasis] regarding our management of insurance claims and the potential for penalties to arise from it”, which Swan rejected, the fund told The Australian. ...

Oct 11, 2024 · A consumer advocate group and industry fund association have welcomed the passage of a bill that will introduce tax changes for high-balance super accounts through the lower house, saying it is a step towards creating a fairer retirement system.. The Superannuation (Better Targeted Superannuation Concessions) Imposition Bill proposed a new Division 296 in the Income Tax Assessment Act which ...

Nov 28, 2024 · Superannuation assets in Australia have pushed past the $4 trillion mark, blessed with strong inflows and investment performance. According to APRA quarterly statistics released on Wednesday, the total superannuation assets stood at $4.1 trillion as at 30 September 2024, representing a 13.4 per cent increase compared to September last year.

Nov 4, 2024 · Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.. We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of ...

Nov 5, 2024 · Since early September, 10 of TCorp’s client portfolios have operated under a new investment structure, dubbed OneFund. Chief investment officer Stewart Brentnall told the Fiduciary Investors Symposium that the reorganisation is expected to deliver an additional $400 million to $450 million to the NSW Government every year.

Jul 18, 2024 · ^ indicates interim result. Returns are after investment fees and taxes and are rounded to one decimal place; however, rankings are determined using unrounded data held by SuperRatings.. Chant West similarly tracks a category called “growth funds”, which is defined as a 61 to 80 per cent allocation to growth assets.

Nov 11, 2024 · Mega fund AustralianSuper said it is still feeling the pain from its very public loss in US software company Pluralsight, and even with $341 billion of assets under management, a $1.1 billion write-down is still too big a chunk of money to let go easily. But at the Fiduciary Investors Symposium, the fund’s senior private equity portfolio manager Robert Schnittger, said …

Nov 19, 2024 · The $34 billion Brighter Super is set to shift a significant proportion of equities assets in MySuper from passive to active management. Chief investment officer Mark Rider says the move is possible because of the scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.