News and updates

Two top-10, profit-to-member superannuation funds today successfully joined forces, paving the way for other funds to join.

Catholic Super is proud of its long-term performance which has seen the ‘Balanced’ (MySuper) option – deliver members an average investment return that has exceeded 10% per annum over 48 years since its inception in 1971.

Catholic Super shared the podium as a top two super fund in a survey capturing its members satisfaction with the fund’s financial performance over the six months to July 2019.

Progress towards the ground-breaking joint venture between Equip Super and Catholic Super is continuing with the appointment of Anna Shelley as Chief Investment Officer for both funds.

Mr Scott Cameron, a senior executive with Computershare, has been appointed to head Equip Super and Catholic Super. The two organisations are joining forces to create one of Australia’s largest not-for-profit superannuation funds.

Catholic Super’s bank, MyLife MyFinance, is stamping its credentials as an alternative to the big banks by attracting more than $100 million in deposits, with competitive savings and term deposit rates.

Shopping around for a better home loan rate and your own personal banker? It turns out that the same place where you park your retirement savings is the one-stop shop for your banking needs too.

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.