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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.