Employers required to pay super on every pay cycle from 2026
From 1 July 2026, employers will need to make super contributions to employees on ‘payday’ instead of quarterly, as payday super measure kicks in.
Brighter Super lands enterprise agreement with staff
Brighter Super staff have voted in favour of an enterprise agreement that will see its employees benefit from salary increases, more super contributions, hybrid working arrangement and better base starting rate.
TelstraSuper looks to merge with Equip Super
TelstraSuper and Equip Super have entered into a merger agreement after the former announced that it was looking for a merger partner in May.
MLC Super to reduce admin fees for majority of members
MLC Super Fund has announced that administration fees will be greatly reduced for members in its superannuation and pension products.
$4 trillion super pool key to surviving big economic shifts: Treasurer
Treasurer Jim Chalmers says superannuation savings can and should play a role in supplying capital to megatrends that will reshape Australia’s economy and fiscal position. The comments come in an exclusive foreword to the first edition of Retirement Magazine, the new sister publication to Investment Magazine.
ACCC too negative, narrow on sustainability collaboration
The Australian Competition and Consumer Commission has recently released its draft guide on sustainability collaboration, but investors, businesses, and other groups have politely – and not so politely – told the competition watchdog that its principles need to be more flexible and accommodating.
Future Fund restructures investment team
Australia’s $212 billion sovereign wealth fund, the Future Fund, has restructured its investment team which will be overseen by a six-person investment leadership group including five new managing directors reporting to chief investment officer Ben Samild.
Prime Value Asset Management nabs former industry fund CEO
Prime Value Asset Management has appointed former Prime Super chief executive Lachlan Baird as chief financial officer.
Next steps for the super funds leading on retirement
Regulators remain eager for super funds to further progress their retirement income strategies, but a handful of funds are demonstrating pathways forward. David Bell and Geoff Warren examine the emerging best practice of combining support and guidance mechanisms with retirement solutions.
The AI boom might have peaked
The AI boom is nearing its end, according to Thijs Knaap, chief economist at APG, the Dutch asset manager overseeing €577 billion ($950 billion) on behalf of 4.6 million participants across a range of different pension funds. He warns that every innovation, including AI, experiences a peak of inflation expectations which are not fully realised.
The ART of moving 1.4m members to a higher-risk strategy
The biggest risk many super fund members face is not investment volatility but rather not accumulating enough to live on in retirement. Australian Retirement Trust head of investment strategy Andrew Fisher takes Investment Magazine behind the scenes of a migration that saw 1.4 million members moved to a higher-risk, higher-return investment strategy, designed to help them accumulate more at retirement.
Funds could face ASIC court action over poor death benefit claims handling
ASIC could launch enforcement action against super funds whose handling of death benefit claims falls short, ASIC commissioner in charge of superannuation Simone Constant has warned. She says a joint regulatory approach gives ASIC and APRA better oversight of how funds are performing on matters that are critical to members.
