Super funds’ competitive fees focus
27 May 2025With the close of the financial year looming along with the superannuation performance test there is a new renewed focus on fees.
With the close of the financial year looming along with the superannuation performance test there is a new renewed focus on fees.
Major industry superannuation fund Aware Super has cut its administration fees by up to 25% claiming savings of up to $225.
The Treasurer, Jim Chalmers, remains fixed on driving through the $3 million super tax cap but indexation remains a Senate bargaining chip.
The chief executives of the largest superannuation funds have made clear they want to see a simplification of the regulatory environment.
In what has serious implications for managed accounts, APRA has confirmed they will be picked up as part of the super performance test.
Leading industry super fund Rest has named former Qantas Super CEO Michael Clancy to head its investment operations.
MetLife Australia has called for a “rethink” of retirement planning strategies, as surging costs see confidence in savings plummet.
In a surprise move, TelstraSuper has aborted its merger process with Equip Super stating it is not in members’ best interests.
The reality of the Australian superannuation industry is that it is now dominated by 22 super funds controlling 93.2% of AUM.
Industry funds group, the Super Members Council, has backed ASIC’s proposals to publish IDR data likening it to the super performance test.
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