This Month
Big investors wield private assets to cushion returns from wild market
The nation’s largest money managers, including the big superannuation funds, are using unlisted holdings to manage the fallout of volatile global equities.
Australian Retirement Trust restructures investment team, cuts jobs
The country’s second-largest superannuation fund has acquired six funds over the past year and says it will streamline operations, cutting key investing roles.
Burke breaks silence on fund hacks as Victoria Police moves in
Cybersecurity Minister Tony Burke has broken his long silence on last week’s co-ordinated attack on superannuation funds.
Cyber minister Tony Burke ‘radio silent’ on super breach: Coalition
The accusation comes after cybersecurity firms identified the details of thousands of Australian retirees for sale online.
AusSuper to refund customers as Cbus admits hack
AustralianSuper has vowed to refund members who had $500,000 stolen from their accounts in a cyberattack.
Super funds urge members not to panic after rout takes losses to $170b
The country’s largest retirement investors say they are leaning in to the meltdown, which they see as a short-term problem that presents buying opportunities.
Cybercriminals impersonated super executives in week of mass breach
The attacks occurred in the same week hackers compromised the largest funds and siphoned retirement savings out of member accounts.
Super groups accused of resisting efforts to lift security before hack
A representative of the Association of Superannuation Funds of Australia had told a consumer advocate that stronger protections would put “too high” a burden on funds.
Money taken in co-ordinated cyberattack on big super funds
The nation’s largest superannuation funds were repeatedly warned they were underprepared for cyber threats before criminals hacked into thousands of accounts and stole retirees’ savings
RBA review says a superannuation crisis is ‘extreme but plausible’
The central bank warns that a sustained downturn in the Australian dollar may spark a crisis for retirement funds and for $4.2 trillion in savings.
AusSuper resists Europe’s lure ahead of Trump’s ‘Liberation Day’
Sceptics have pushed US equities lower believing Trump’s tariffs will do more harm than good, but the giant fund is resisting the urge to switch to European stocks.
MinRes and Chris Ellison face class action over ‘misleading conduct’
The loss-making miner has rejected claims its share price was “artificially inflated by the company’s misconduct” and that investors suffered losses as a result.
Super funds delaying death payouts also charge the most fees
Analysis from a peak consumer group comes the same day as ASIC released a damning report that revealed the ‘sad situation’ for the families of dead members.
March
This ‘nightmare’ superannuation reform has small businesses worried
Small businesses owed $1.8 billion in unpaid super in 2023, now reforms aimed to make sure it is paid on time has them on edge.
Insignia cops the biggest losses as retirement savers move to rivals
Some $74 billion in superannuation switched providers last year, new research shows, much of it headed to industry funds and self-managed wealth platforms.
ASIC reads big super the riot act on death insurance, savings payouts
A review of how funds process insurance and savings payments to the families of dead members found excessive delays and serious customer service failings.
Super’s global push is threatening the Aussie dollar
The country’s largest funds are investing about $5.4 billion overseas every three months, according to Deutsche Bank, potentially driving the Aussie dollar lower.
Foreign investors banned: What else is in it for you
From a ban on foreign investors buying existing houses to pork-barrelling road projects in marginal electorates, here’s a sector breakdown of the budget.
Why you should be paying more in superannuation fees
Incentives to put downward pressure on fees have worked, but funds now have little left over to invest in services.