Mine Super News Today

The merger, first announced in December 2022, was due to be completed in mid-2024.

Mine Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back.

Superannuation - Finance and investment news for Australian investors, their advisers and the financial services industry.

Vanguard Super has amassed $1 billion in funds under management in just over 12 months, while delivering the best-performing Lifecycle MySuper option of 2023 and quietly rolling out a retirement offering at half the cost of the incumbents.

Several major superannuation funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates.

Superannuation fund returns almost hit double figures last year, according to researchers Chant West.

Mine Super, representing Hunter Valley miners, will merge with TWUSUPER to create a $20-billion organisation.

Heavy exposure to global technology giants such as Apple and Microsoft drove the performance of the top fund for the year.

Money Management explores four key superannuation fund mergers expected to finalise this year, including two mergers with Australian Retirement Trust.

Australians’ retirement balances jumped almost 10 per cent in 2023, thanks largely to booming US technology shares, strong global equities, and rising cash returns.