Superannuation funds facing into tougher times and volatile markets have been warned they cannot seek to survive at the expense of their members.
More than half of 220 underperforming choice superannuation funds identified by APRA have now exited or about to exit.
Pension Boost records $100 million for HEAS
Pension Boost announced it reached $100 million in approvals of the government’s reverse mortgage program, the Home Equity Access Scheme.
Analysis of the APRA superannuation performance test has revealed 10 more funds are likely to fail with around 7 of those having previously failed.
JP Morgan Asset Management has won a global bonds mandate from TWUSUPER to adopt the Your Future Your Super reforms.
Around 20% of choice superannuation products will be at risk of failing the superannuation performance test, according to SuperRatings.
Squirrel Super has been hit with a $55,000 Federal Court penalty over false and misleading marketing.
Research conducted by Colonial First State has shown individuals who make a mid-life career change and retire later could double their super.
The SMSF Association has said that more specialist training is needed for those advising members of SMSFs.
Superannuation funds which failed last year’s super performance test have been placed on notice by APRA if a second fail occurs.
