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    Wealth

    Superannuation & SMSFs

    Today

    Dave Noonan may as well be part of the furniture at Cbus.

    Cbus’ executives turn over but CFMEU directors are eternal

    The rumours were true: acting chief risk officer Belinda Langdon did leave $90 billion fund in May. Hers follows a string of departures.

    • Nick Bonyhady

    Yesterday

    David Anderson is sticking by the decision to move 1.4 million ART customers into a high growth option.

    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

    This Month

    My wife can’t work any more – how do we handle her insurance payout?

    The tax rules on super policy payments are complicated when you’re younger – this is how they work.

    • John Wasiliev
    APRA-regulated funds have to report members pension payments on a quarterly basis but not SMSFs.

    Super funds in the new era of scrutiny and engagement

    Dissect wealth and advice trends and how to deliver better outcomes for savers, retirees and investors at the Financial Review’s Super and Wealth Summit 2024.

    Exclusive Subscriber Offer - Super and Wealth Summit

    Financial Review subscribers receive a 15% discount on in-person tickets to this event on October 29, 2024.

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    Having more money brings us greater control over our daily lives, which can make us happier.

    Can I access my super if I sell my business and go part-time?

    Even if you have not yet turned 65, you may be eligible to start a transition-to-retirement pension.

    • John Wasiliev

    July

    Residency rules are the big risk for self-managed superannuation fund (SMSF) trustees who live overseas for an extended period.

    What to do to with your SMSF if you’re moving overseas

    The Tax Office requires trustees to pass three tests if they wish to maintain tax benefits.

    • Meg Heffron
    Technology stocks helped three super funds to the top of the podium for best returns last financial year.

    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
    The change will turn Australian tax principles on their head.

    There is a simpler, fairer way to tax super above $3m

    Australia will soon become the only pension system in the world to tax unrealised capital gains.

    • Peter Burgess
    Selling a holiday home and putting the proceeds into more traditional income producing assets, such as listed shares, might be wise.

    Why the beach house might be cramping your retirement style

    Holiday homes are great, but they don’t produce retirement income and might limit your age pension payments.

    • John Wasiliev
    Michael Melkin speaks to former prime minister Paul Keating at the annual Superannuation Lending Roundtable hosted by The Australian Financial Review and packaging multinational Visy in Sydney on Tuesday.

    Junk bond king says Australia could become ‘financier of Asia’

    Australia could become a financing powerhouse, says American billionaire and philanthropist Michael Milken.

    • Lucy Dean
    Words

    Revealed: Which super funds rate the best – and worst – for retirement

    Superannuation funds are going backwards in terms of preparing their customers for retirement, new research shows.

    • Hannah Wootton

    APRA puts onus on Cbus to ensure CFMEU directors are fit, proper

    Senators have called for the construction industry fund to cut ties with the CFMEU amid allegations of criminality at the union. The prudential regulator says it is up to superannuation fund boards.

    • Hannah Wootton
    Qantas Super has managed the retirement savings of the airline’s employees for the past 85 years, but will be acquired by Australian Retirement Trust following a deal on Wednesday.

    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
    Most Australians’ super savings jumped significantly thanks to booming tech stocks last financial year.

    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
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    Sam Sicilia backs his fund’s performance, saying the long-term matters most.

    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
    Look past election noise, Anna Shelley says to superannuation investors.

    Super fund savings will ride out ‘year of elections’: CIOs

    But investment chiefs warn that the rise of populism or an increase in US-China tensions could flow through to short-term returns.

    • Hannah Wootton
    UniSuper’s investments boss John Pearce jumped on the AI boom early.

    Time to buy into tech stocks has passed, says UniSuper

    Soaring technology stocks helped increase the retirement savings of the fund’s customers last financial year, but it’s hitting the pause button on further investment.

    • Hannah Wootton
    Cbus is standing by its exposure to office property even as valuations continue to fall.

    Heavy office tower exposure drags down Cbus’ annual returns

    But the construction industry super fund stood by its heavy allocation to the asset class, even as its financial year returns fell below rivals.

    • Hannah Wootton
    Aware Super CIO Damian Graham.

    Aware Super cashes in on tech, healthcare bias to return 11pc

    Aware follows several other super funds with high global equities exposure reporting returns of more than 11 per cent for 2023-24 as tech stocks soared.

    • Hannah Wootton