Super news for July 2022
Retirement Income Covenant goes live, Super fund average performance drops, Deeming rates frozen, YFYS performance test to be reviewed, SMSF numbers continue to increase.
Superannuation news
Set out below are the latest articles that relate to superannuation news.
Minister promises no more regulatory shock for super
In an exclusive interview the Assistant Treasurer and Minister for Financial Services, Stephen Jones, has promised no more “regulatory shock” for the superannuation sector.
Super news for June 2022
Superannuation assets rise by nearly 10% over the year, Mercer to acquire BT Super, inflation hits retirees, super fund customer satisfaction awards, new super fund mergers announced.
What should the federal government’s super and retirement planning priorities be?
As we see the dawn of a new government, we asked some of Australia’s top experts in superannuation and retirement planning what they think the government should be focusing on.
Super news for May 2022
ASIC disqualifies SMSF auditors as 40,000 breaches involving SMSFs reported, APRA issues directions to NESS around additional board member, NGS Super sets 2025 carbon reduction goal, AustralianSuper to boost investment in private equity, Cbus to reduce weekly admin fee, ATO owed billions in unpaid Superannuation Guarantee Charge from employers, Actuaries Institute paper offers guidance for retirement income covenant
2022 Federal Election: Coalition and Labor super and retirement policy announcements
The Coalition has announced a major new scheme for superannuation and home ownership, while Labor is expected to review the benchmarking tests of the Your Future Your Super legislation.
Super news for April 2022
Australian Ethical and Christian Super explore merger, Super gender gap was decreasing before Covid, Colonial settles class action with super members, Federal Court orders Westpac to pay $20 million penalty, Hostplus expands its investment options, Australian Retirement Trust focusses on ESG with new appointment, Only one third of financial advisers pass February exam, Easter bunny hit by inflationary pressures.
2022 Federal Budget overview: Super, tax and retiree announcements
It was a quiet night for superannuation, but the Federal Budget provided some ‘cost of living’ announcements that could give millions of Australians a cash boost over the coming months.
Super news for March 2022
Super changes from 1 July 2022, SMSF numbers and assets continue to rise, Super merger news, More equality in super called for, Government expects super funds to divest Russian investments, Levy to lead Quality of Advice Review, Majority of former Dixon clients to transfer to E&P.
Super news for February 2022
$450 income threshold lifted, Retirement income covenant introduced, Aware Financial Services Australia fined $20m, Inflation hits retirees, APRA to focus on sub-standard practices in super, Australian super funds lead decarbonisation, SMSF Association calls for simplification of transfer balance cap, Proxy advice regulations overturned in Senate.
Personal income tax cuts (2018–2025): What it means for you
The majority of Australians are already enjoying tax cuts and increased financial support in the form of tax offsets, with more to come.
Super news for January 2022
ASIC issues warning to SMSFs on crypto, Superannuation needs to be part of draft National Plan to End Violence against Women and Children 2022-2032, Size and frequency of voluntary super contributions rises, Cbus Super increases investment options for members, Super assets to triple as number of funds dwindle, Investment funds rise across the board, Proxy advice changes criticised by industry.
Which are the largest super funds?
Superannuation is now very much super-sized, with 187 super funds and $2.9 trillion invested. Here we list the 20 largest super funds in Australia so that you can benchmark your own fund.
Super news for December 2021
Pension Loans Scheme rebranded, rate reduced, 12% Superannuation Guarantee guaranteed, Super fund merger news, Australians want to work for longer, Younger Australians not confident about their retirement, Switching decisions don’t pay off for superannuants, Super funds and Nukes.
Super news for November 2021
Cut-off age for bring-forward rule confirmed, Poor performing super funds still have sticky membership, SMSFs fail to beat the market, Superannuation portfolio holdings disclosure regulations finalised, new director IDs, Retiree living costs rise, calls for fairer PLS rate, APRA turns up the heat on high fees, billions in unpaid super, and Australia’s pension system up with the best.
