Super Trust News Today

Top Mercer executive Corrin Collocott has quit the firm after just nine months to join an insurer.

Australian super savings are bouncing back with the best performing funds seeing double-digit growth during the last financial year. SuperRatings has revealed the top 10 funds for the year to June.

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.

Australian retirement savings have had the worst year since the Global Financial Crisis in 2008 with 18 of the 20 best performing superannuation funds suffering a loss in 2022.

Lutheran says the merger will be through a successor fund transfer in the fourth quarter of this year.

Australians should consider putting their money in their superannuation instead of property as fund balances are now growing faster than house prices. Analysis by Chant West showed median growth-orientated retirement balances surged by 12.2 per cent since July 1 - something unthinkable only a year ago. The double-digit growth in just nine months, to the end of March 2021, was even stronger than the 7.7 per cent surge in Sydneys median house price during the past year. Australias share market wa...

Print The laurels have been largely equally shared between industry funds and retail master trusts in the latest Heron Quality Star Ratings released by the Heron Partnership.  Heron analysed 113 superannuation products and assessed 83 of those as being of outstanding quality and therefore worthy of being award 5 Heron Quality Stars.  Heron Partnership managing director, Chris Butler said that he believed the fact that 83 out of 113 products had earned a 5 star rating represented an endorsemen...