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What happens to our SMSF if we die together?

Self-managed super funds aren’t covered by wills, so special arrangements need to be in place for when the final member dies, or if the members die together.

  • John Wasiliev

This Month

While many in their 30s may not realise at the time, this decade presents significant wealth-building opportunities.

What to do in each decade of life to build wealth

It can be difficult to know what to do to get ahead financially as you age and your circumstances change. Here’s a quick guide.

  • Rob Pizzichetta

Super fund boards need separation of powers

Readers’ letters on superannuation fund governance, universal childcare, Peter Dutton’s stance on a two-state solution for the Middle East, the federal budget deficit and housing reform.

Australians’ retirement savings are on track for a stellar 2024.

Super savings on track for 11pc return in 2024

A US sharemarket rally fuelled by Donald Trump’s clean election sweep is fuelling a strong end to 2024 for superannuation funds.

  • Hannah Wootton
The arrangement might work well for everyone when the “children” are in their 20s but what about when their life situation changes?

3 things to consider before bringing children into your SMSF

Thinking about a multi-generational self-managed superannuation fund? They can be great, but it’s not a decision to make lightly.

  • Meg Heffron
Advertisement
You know Christmas is coming when last-minute bids start flying.

Santa quashes Bain Capital’s big Aussie buyout, for now

Behind the flurry of statements, there’s a game of M&A chess. Insignia Financial is this year’s Christmas special.

  • Anthony Macdonald
Hejaz Financial Services co-founder Hakan Ozyon.

Meet the $3b Aussie wealth manager you’ve never heard of

Hakan Ozyon and Muzzammil Dhedhy have quietly built a major financial services player with $3 billion in funds under management, servicing Australian Muslims.

  • Yolanda Redrup
Jim Chalmers and Katy Gallagher will hand down MYEFO on Wednesday.

Tax rise on $3m-plus super accounts ‘unfinished business’: Chalmers

Jim Chalmers says he’ll keep pursuing higher taxes on $3 million-plus superannuation accounts, but won’t go after negative gearing.

  • Phillip Coorey
The focus on unlisted assets in super has been growing in recent years.

Super’s $500b unlisted asset problem isn’t going away

APRA has found another area where near enough just isn’t good enough for Australia’s large and systemically important super sector. 

  • James Thomson
Office towers are plummeting in value, but APRA says super funds are falling short on repricing their assets.

Super boards, executives failing on unlisted asset valuations

The regulator demanded funds sharpen their review processes, warning it will not hesitate to take further action and may pursue individuals.

  • Hannah Wootton
Australian Retirement Trust’s head of global real assets Michael Weaver has signed another investment to cap a big year.

The $330b fund busting big super’s ‘buy and hold’ myth

Australian Retirement Trust’s real assets arm has been the biggest driver of infrastructure and utilities deals in Australia and New Zealand this year.

  • Anthony Macdonald
Cbus has defended the high bill of its 40th birthday bash, which both John Setka and Wayne Swan attended.

Cbus says $387,000 birthday party was in members’ interests

The industry fund used money earmarked for staff professional development to host a 40th birthday bash for more than 750 guests

  • Hannah Wootton
Most Australians wouldn’t know who sits on their super fund board.

Best people available should govern super, not captain picks

The debate we need is not around the equal representation board model, but how we ensure that we have the most skilled directors and management around the table

  • Mark Rigotti
AMP is believed to be the first major super fund to gain exposure to cryptocurrency.

Bitcoin has ‘no role’ in retirement portfolios: Vanguard

The asset manager has blasted bitcoin as having “no appropriate role” in long-term investment portfolios, but the peak superannuation body says more funds will inevitably follow AMP into cryptocurrency.

  • Lucy Dean
The New Daily’s owner, Industry Super, wants to sell it.

Industry super funds sell The New Daily

The New Daily, brainchild of former Industry Super chairman Garry Weaven, has sold for an undisclosed sum.

  • Zoe Samios
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Large retail superannuation funds continue to haemorrhage members and money, according to new data from the prudential regulator.

This big super fund just became the first to buy into crypto

AMP says the $27 million it is investing in bitcoin is part of its diversification strategy. Critics say the asset class has no place in retirement portfolios.

  • Michelle Bowes
The super sector suffers from being unnecessarily complex

Three ways to improve the SMSF sector in 2025

There is no doubt self-managed superannuation funds are unnecessarily complex, so top of next year’s wish list is the long-running call for greater simplicity.

  • Peter Burgess
Greg Boorer, CEO and founder of CDC Data Centres

CDC Data Centres $16b sale off to the races; three big funds prep bids

Kyle Mangini, the global head of IFM Investors’ $110 billion infrastructure business, will be the one to watch.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Australia’s biggest life insurance companies have all changed hands in the past decade.

Japanese giant shows courage with life insurance slam dunk deal

It takes Japanese-type conviction to double down on a challenged market, and pay a big price to do so.

  • Anthony Macdonald
As Super Members Council chair, I have seen first-hand how this governance model gives super fund members a clear voice at the board table.

Deloitte gave industry super governance a big tick

The report into Cbus’ fit and proper processes dispels assertions that the equal representative model is a barrier to funds getting the skills and expertise needed to govern these large financial institutions.

  • Ann Sherry

Original URL: https://www.afr.com/topic/superannuation-62e