News and updates

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.

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.