Markets

These are the best and worst performing super funds in Australia in 2020

Online investment adviser Stockspot has ranked the best and worst performing super funds for 2020. They show that Australian superannuation funds are returning anywhere between 9% and -2% returns. With fees having the potential to move retirement balances by $200,000 over a working life, CEO Chris Brycki says it pays […]
These are the best and worst performing super funds in Australia in 2020
Markets

Just a handful of Australia’s 50 largest super funds have a good track record on issues like climate change. Here’s who doesn’t stack up.

Many of Australia’s largest superannaution funds have been slammed for not living up to their public commitments. An analysis of the 50 biggest shows many have voted against policies relating to climate action, political transparency, and gender equality. The Australasian Centre for Corporate Responsibility (ACCR) which compiled the analysis said […]
Just a handful of Australia’s 50 largest super funds have a good track record on issues like climate change. Here’s who doesn’t stack up.
Markets

Four reasons why you should be investing with a robo advisor

Now is the best time to find better, and faster, ways to build a secure financial future. However, it’s hard to find the time to work on an investment strategy with all the other commitments in life. According to Stockspot, an online investment adviser, robo-advice is now the fastest growing […]
Four reasons why you should be investing with a robo advisor
Markets

The CEO and Chair of IOOF have stepped aside

The CEO and Chair of IOOF have stepped aside while they fight court action launched by APRA. APRA wants to disqualify them for “failing to act in the best interests of superannuation members”. IOOF says the allegations are misconceived, and will be vigorously defended. IOOF Managing Director, Christopher Kelaher and […]
The CEO and Chair of IOOF have stepped aside
Markets

The super funds with the highest, and lowest, fees in Australia for 2018

Stockspot released its annual Fat Cat Funds Report analysing the best and worst Australian super funds. The Fat Cat Funds Report gave the gold Fat Cat award to ANZ/OnePath as the worst performer. Unisuper topped the Fit Cat Awards lists as the best. Stockspot, the robo-advice fintech, released its annual […]
The super funds with the highest, and lowest, fees in Australia for 2018
Markets

DATABASE: How much your super fund pays its directors and charges for expenses

Australia’s superannuation system is under pressure, being criticised in an investigation by the Productivity Commission and facing questioning in the financial services royal commission this week. The Productivity Commission says Australians are being bamboozled by superannuation, losing them billions every year in high fees, low returns and expensive insurance. Structural […]
DATABASE: How much your super fund pays its directors and charges for expenses
Markets

These are the super funds called before the financial services royal commission

The financial services royal commission turns its attention from next week to the $2.6 trillion superannuation industry with a focus on fees charged by funds and actual returns to retirement savers. Australians are being bamboozled by superannuation, losing them billions every year in high fees, low returns and expensive insurance, […]
These are the super funds called before the financial services royal commission
Markets

Super funds are set to hit a 9th straight year of positive returns

The average growth super fund is excepted to end the financial year in two weeks with a 9% return. This is the ninth year of positive returns. Chant West, a super industry analyst firm, says the better performing funds have been those with higher allocations to listed shares and to […]
Super funds are set to hit a 9th straight year of positive returns