Student Super News Today

Following on from the news that it would now be home to Spaceship Super, OneSuper will further bolster its funds under management through the transfer of another sub-plan, home to several super products.

Barefoot Investor says Aussies should be concerned if their retirement nest egg is sitting in an underperforming fund named and shamed in the regulators report.

Apra analysis shows improvement on last year but 44% of so-called ‘choice funds’ is generating returns below expectations

The regulator has placed additional conditions on the trustees RSE licence, flagging serious concerns with Diversas ability to manage risks and deliver quality outcomes for members.

Professional Super will soon change the way its funds are invested, in a move expected to improve member outcomes. It will also introduce a loyalty program to help members save on fees.

MobiSuper and its licensee will pay a $250,000 penalty for breaching superannuation advice laws while promoting the MobiSuper fund.

With younger members encouraged to opt for high growth superannuation funds which reflect their long-term time horizons, super funds targeting young people are holding over three-quarters of their weighting to equities.

Rainmaker Information Australian women, despite making up 50% of Australia’s population, own roughly 40% of all superannuation funds under management (FUM), equal to $1.2 trillion. Rainmaker Information analysis released in the latest Superannuation Benchmarking Report recognised this imbalance. Superannuation’s gender inequality is present at all stages of a woman’s working life. Women make up 50% of millennial superannuation accounts, yet their account balances represent only 43% of the...