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Retail funds drive down admin fees: KPMG

Expensive retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows.

AMP shares lower amid industry 'wave' of superannuation payouts to baby boomers

AMP Ltd (ASX: AMP) shares are lower amid new APRA figures showing an 18.1% surge in superannuation benefit payments over the past year.

Colonial First State, Care Super, First Super and other super funds with customers retiring faster than new ones are joining, KPMG finds

The research from KPMG comes as the $3.6 trillion superannuation industry heads towards the point it is paying out more cash than it brings in.

Australia Announces Updated Climate-Related Financial Reporting B

New Australian bill mandates annual sustainability reports for corporations, with revised start dates and expanded ASIC enforcement powers. Learn about key changes.

KPMG warns of 'Wave' of negative cash flows coming for superannuation funds as boomers retire