Australian Super

The term “hold on for dear life” came to explain the events of 2020 and 2021, as did “buy the dip.” For those beginning investing for the first time, their experience couldn’t have been more positive. Every fall in the market was followed by another rally, and the prevailing view was that markets always go up if your holding period is long enough.

The country’s largest super fund, Australian Super, has announced a new fee structure aimed at reducing member costs by $300 million this year, following what has been a busy year for consolidation in the industry.

$200 billion industry super fund, AustralianSuper, which is Australia’s largest both by members and assets, this week confirmed that the ETF Securities Gold ETF (ASX: GOLD) had been added to its member direct investment menu. The member direct investment menu offers members the ability to build their own portfolio, under the AustralianSuper banner, from a…

This week Stockspot released its yearly 2020 Fat Cat Funds Report. The report was put together to expose the best and worst-performing superannuation funds throughout the year, in a bid to drive lower fees, improve performance and bring about change. Stockspot compared 600 multi-asset investment options offered by Australia’s largest 100 super funds to find…

Australian Super has appointed former Coles executive Sarah Adams as group executive, strategy, brand and reputation. She joins from Bushfire Recovery Victoria where she was executive director of communications and stakeholder relations. Prior to that, she was general manager of corporate affairs at Coles and held senior leadership positions within the Federal Government. First Sentier…