Page 2 - Brighter Super News Today

Brighter Super intends to invest an additional $500 million in Queensland across sectors like infrastructure, agriculture, and housing, against the backdrop of the 2032 Brisbane Olympic Games.

Some 16 super RSEs are paying over $1 million to their board of trustees, according to latest APRA data.

The prudential regulator has released granular details on the Choice products that delivered poor returns, revealing which options failed members in the 2023 financial year.

If successful, the raise would substantially increase the size of the renewable energy investor’s funds under management to about $1 billion.

For those coming up to retirement, these annual results are a useful guide to the top-performing pension funds.

If super funds are to provide advice, they are encouraged to form agreements with external financial planning firms to expand their footprint beyond the major CBDs, according to Wealth Data.

Hostplus invested an additional $100 million in venture capital projects, while also confirming it returned 8% to members in its MySuper Balanced option.

Australia’s superannuation funds have delivered a “competitive outcome” in uncertain times”, according to analysis from SuperRatings.

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super.

Brighter Super has reported double-digit returns across several of its investment options for FY23, owing largely to its oversized equities allocations.