This Month
The best and worst retirement calculators revealed
Wildly different answers emerged when the same scenario was plugged into dozens of super funds’ retirement calculators. Now a consumer group is demanding higher standards.
- Hannah Wootton
August
CFMEU directors depart in Cbus board cleanout
The lawbreaking construction union’s three directors have left the board of Cbus, but it is unclear who the CFMEU administrator will replace them with.
- Hannah Wootton
‘Play the living sector’: MS, Barrenjoey target buyers for $3.5b Aveo
Street Talk understands the sale process is expected to kick off in the fourth quarter of 2024 with a value exceeding $3.5 billion sought.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How to work less, help the kids and do the job you always wanted
A transition to retirement pension offers opportunities to revamp your lifestyle, pay down debt or gift a home deposit. Here’s how to take advantage.
- Duncan Hughes
This simple change could solve Labor’s super tax problem
Financial advisers and accountants have launched a united front in trying to get Labor to drop the controversial policy increasing the tax paid by the richest super fund members.
- Hannah Wootton
Decline in home ownership a boon for retirement operator Eureka
The company’s new chief executive, Simon Owen, says a growing number of retirees don’t have the real estate to buy into more expensive homes.
- Michael Bleby
The ATO has this overlooked property tax in its crosshairs
Small-scale property developers need to be aware that GST is applicable in certain circumstances. Read the 10 tips for mum and dad developers.
- Duncan Hughes
Super funds look to take advantage of energy transition
The biggest question for the $3.9 trillion super sector is not whether to invest in the energy transition’s unlisted asset boom, but rather which opportunities are best.
- Hannah Wootton
Why this super fund is moving younger customers into a riskier option
In his first media interview since taking the reins at ART, David Anderson says customers will earn more. It’s just part of his bold growth plan.
- Hannah Wootton
- Opinion
- Aged care
Rooms in aged care now cost $800 a week
Those who can’t afford the full accommodation deposit need to watch out for an 8.35pc sting in the tail.
- Bina Brown
July
Is your super fund among these winners?
Investment chiefs of the top performers say there are still plenty of opportunities for the artificial intelligence revolution to drive up retirement savings.
- Hannah Wootton
Keating rebukes super funds for ‘chasing the money’
Super funds should have been thinking about the needs of retirees long before now, says former prime minister Paul Keating.
- Hannah Wootton
Insignia fined $10.7m but share price soars
The regulator slammed the financial services giant for “still struggling with foundational issues” such as failing to put members’ money into default MySuper products.
- Hannah Wootton
Fight over Baby Boomer housing takes toll on developer
The Melbourne-based developer and landlord faces the twin battles of a slowing market and criticism of a fee structure that other companies do not use.
- Michael Bleby
ART closes in on AustralianSuper’s top spot with new merger
The deal will add Qantas’ $9 billion in funds under management to the Australian Retirement Trust’s ballooning $280 billion-plus asset pool.
- Hannah Wootton
Top 10 super funds revealed for FY24
A small mining industry fund delivered the highest returns for the second year in a row, with two retail super giants joining it in first place.
- Hannah Wootton
- Opinion
- Superannuation
Spending a few hours on this now will make you richer later
Work through these 11 steps to grow your superannuation faster.
- Colin Lewis
Super giant is ‘comfortable’ being among the worst funds for FY24
Industry super fund Hostplus’ annual return for its default product was among the lowest in the sector, but CIO Sam Sicilia says its long-term plan is solid.
- Hannah Wootton
Homesafe lands with local asset manager after Bendigo exit
Relative to comparable markets like Canada and the UK, “Homesafe has only started to scratch the surface of the service it can provide,” according to Federation founder, Cameron Brownjohn.
- Sarah Thompson, Kanika Sood and Emma Rapaport
No rate cuts and maybe a rise as inflation sticks, super funds warn
The investment chiefs of the country’s biggest funds also have a bleak outlook for Aussie shares over the next year, after global equities drove double-digit returns in FY23.
- Hannah Wootton
