News and updates

To protect the super balances of all Australians being eroded by unnecessary fees and costs, the Federal Government has introduced the “Protecting Your Super” reforms (formally titled Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018), which passed on 18 February 2019.

Two of Australia’s best-performing superannuation funds are preparing a ground-breaking Joint Venture that will be a significant move towards consolidation in the industry.

As we outlined on 3 April, the Government’s 2019 Federal Budget had a few proposed superannuation changes focused mainly on those aged over 65 years – with some benefits for members planning for retirement.

Catholic Super – the $9.6 billion industry fund growing retirement savings for many teachers and hospital workers – has topped a league table, returning a high 10.49 per cent over seven years for members up to 50 years old with a balance of $100,000-250,000.

With an election date expected to be called very soon, the Government has unveiled the 2019 Federal Budget with a few proposed superannuation changes that will benefit older members and those preparing for retirement. We’ve briefly explained what this might mean noting that the Budget measures have not yet passed into law. On Friday 5 April we’ll publish any key points made by the Opposition Treasurer after he’s delivered his Budget reply on Thursday night, 4 April.

Watch this short clip from Channel Nine Finance editor, Ross Greenwood, to learn how you can choose a super fund that’s rated 5-stars by Canstar, Australia's biggest financial comparison website.

Catholic Super, a member owned fund, has snared a top customer satisfaction award just weeks after winning first place for financial performance. The fund has been ranked number one in the Roy Morgan 2018 Customer Satisfaction Award for Industry Superannuation Fund of The Year.

The Royal Commission’s final report was handed down on Monday 4 February 2019.  The report proposes many important improvements to our industry and we welcome all recommendations that strengthen outcomes for members.

The final report from the Royal Commission inquiry into the Banking, Superannuation and Financial Services Industry will be made public at close of business on Monday 4 February 2019. The report will be published on the Royal Commission's website once it has been tabled in Parliament.

Over the six months to November, eight of the top ten performing funds, based on satisfaction with financial performance, were industry funds. The highest rating was for Catholic Super with 70.5%...