An industry fund is a type of fund that usually caters for workers from a particular industry, although many of these funds are now available to anyone. See also public offer funds.
The following articles refer to Industry funds and superannuation.
Note: Every three months, we update this article with the latest data on superannuation funds issued by the Australian Prudential Regulation Authority (APRA). This article contains the latest data available as at 10 December 2009. We expect APRA to release further data at the end of March 2010.
Unless you work [...]
When superannuation funds are delivering strong returns, you don’t see much written about the costs of investments, including the costs charged to member accounts by super funds. When returns are poor however, fees become more obvious. Along with investment performance, can be an important factor in determining the size for [...]
Q: My husband and I are looking to start a SMSF and roll our industry funds into it. We have been able to find sources for the set up, accounting and audit of the fund and are now looking for assistance on the portfolio. We have a share portfolio outside super and so have some [...]
In August 2009, financial regulator APRA released performance data on Australia’s largest 200 funds. In the August SuperGuide newsletter, we noted that the performance figures have received a lot of criticism from the super industry. I think the level of criticism is a bit unfair.
Individuals running DIY super funds now control 31% ($332.3 billion) of the $1.076 trillion invested via Australian superannuation funds. Ten years ago, DIY super funds represented one-tenth of all superannuation money.
The money held in DIY super funds, officially called self-managed super funds (SMSFs) exceeds the super money invested via retail [...]
Know the name of your super fund
If you know the name of your super fund then everything in super becomes a lot easier.
Next question: how do you find out the name of your super fund?
Ask your employer, or even your fellow workers
Check documents that your super [...]
Any consumer thinking about switching super funds may want to reconsider whom they rely upon for financial advice, based on survey findings released in 2006 by financial regulator, the Australian Securities and Investments Commission (ASIC).
The survey found that nearly one in three consumers received questionable advice from licensed financial advisers [...]
Australia’s DIY super fund sector has emerged as the most powerful sector in the superannuation industry.
As at 30 June 2008, self-managed super funds (SMSFs), as DIY super funds are officially known, controlled $358 billion of the $1.17 trillion held in super assets in [...]
Hi - I'm Trish Power and I am the author of Superannuation For Dummies and many other books on super and investing.And guess what! This site, SuperGuide, is the only INDEPENDENT website for consumers on superannuation in Australia. Read more
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