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The hack attack on some of Australia’s largest super funds has exposed serious cybersecurity weaknesses.

$4.2t superannuation sector in crosshairs after cyberattacks

The financial regulator has stepped up scrutiny of the superannuation industry after a co-ordinated attack on some of the country’s largest funds exposed serious cybersecurity weaknesses. 

  • Sumeyya Ilanbey

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There has been a co-ordinated cyberattack on AustralianSuper, Australian Retirement Trust, Rest, MLC and HostPlus.

Money lost, accounts accessed: Super funds attacked using stolen passwords

Major industry super funds and the largest retail superannuation brand owner, Insignia, have been compromised by hackers who have stolen about $500,000.

  • Sarah Danckert and Sumeyya Ilanbey
ASIC chair Joe Longo at an Autralian Institute of Company Directors’ conference this month after announcing the regulator was suing AustralianSuper.

Grieving Australians are suffering because of super fund failure: ASIC

The corporate watchdog has blasted top superannuation executives for failing to prioritise grieving families when paying out their members’ death benefits.

  • Sumeyya Ilanbey
APRA deputy chair Margaret Cole has put super funds on notice over their expenses bill.

How super funds are spending your money

Australian super funds’ expenses swelled to almost $13 billion last financial year, including a $500 million splurge on an advertising and sponsorship blitz.

  • Sumeyya Ilanbey
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A hotel, apartments, where to run the Cox Plate? Moonee Valley has big calls to make

Moonee Valley has asked rival clubs to bid for the 2026 Cox Plate as the club prepares for major on-site surgery. They are determined to retain the course’s amphitheatre and the intimate feel of the venue.

  • Danny Russell
Industry superannuation funds say with the right policies they will be able to invest in electricity transmission lines and batteries.

Clean energy could be super for industry funds

Industry super funds are calling for tax and planning changes from all levels of government, so they can invest in the nation’s new energy networks.

  • Shane Wright
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My review of three low-cost options to keep your super fees down

If you’re unhappy paying high fees on your super balance, these low-cost options could be right for you.

  • Jessica Irvine
More people are holding direct shares inside their superannuation funds

Direct super investing gathers pace with younger workers

Since the start of the pandemic, more members of Hostplus super have been investing directly in shares through the fund.

  • John Collett
David Elia, the chief executive of Hostplus, attributes the super fund’s success to its investment philosophy and member-first ethos.

Hostplus wins super fund of the year award despite COVID turmoil

Industry super fund Hostplus has won a prestigious industry award despite eking out a return of just 1.6 per cent for the past year.

  • John Collett
Sam Sicilia, the chief investment officer of industry super fund giant Hostplus, says its published returns are accurate

‘Rock solid’: Hostplus defends returns, despite criticism

Controversy surrounds the valuation of unlisted investments, such as airports and ports, held by superannuation funds, and whether the valuations can be trusted.

  • John Collett

Original URL: https://www.watoday.com.au/topic/hostplus-jl9