Super shakeup: Why the $4.1 trillion industry is in the spotlight

1 day ago · The reforms have been met with approval from industry groups and consumer advocates. Xavier O’Halloran, CEO of Super Consumers Australia, hailed the move as a …

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Super Shakeup: Why The $4.1 Trillion Industry Is In The Spotlight

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1 day ago · The reforms have been met with approval from industry groups and consumer advocates. Xavier O’Halloran, CEO of Super Consumers Australia, hailed the move as a …

yourlifechoices.com.au

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Major Change For Aussies As $4.1 Trillion Industry Comes Under …

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Jan 28, 2025 · Superannuation funds will face mandatory service standards in a “long overdue” overhaul of the country’s $4.1 trillion sector. The reforms come as the industry comes under …

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$4.1 Trillion Superannuation Industry To Get A ‘long Overdue’ Shake …

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Jan 29, 2025 · For Australians, superannuation is the nest egg to rely on for a comfortable retirement, and for many, it represents a lifetime of hard-earned savings. However, the …

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Big Super’s Reckoning Has Arrived - Financial Review

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Nov 22, 2024 · Policy; Tax & Super; Superannuation; Big Super’s reckoning has arrived. After 32 years of guaranteed inflows from workers and scant scrutiny, the $3.9 trillion industry faces …

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Cbus Super Fund Investigation Shines A Light On Red Flags In The $4 ...

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Nov 17, 2024 · For a brief moment, the banking royal commission gave Australians, politicians and regulators an insight into a dirty little secret the $4 trillion super fund industry has been …

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Super Shake-up As Soaring Inflation And Rate Rises Bite - Financial …

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Jul 29, 2022 · The nation’s $3.4 trillion in superannuation assets are at a crossroads as the threat of more inflationary shocks and the continuing poor performance of shares and bonds forces …

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McKinsey Says Finance Industry Shake-Up To Dislodge $10 Trillion

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Sep 18, 2024 · The opportunity lies in an estimated $8 trillion to $10 trillion in new U.S. assets, a potential 15% increase in the total market up for grabs in North America, according to the …

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Superannuation: Industry Super Funds, Labor, And Why It Drives …

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But as the $3.9 trillion sector’s coffers have swelled, with big industry funds such as AustralianSuper ($341 billion under management), Cbus ($94 billion) and CareSuper ($53 …

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Nasdaq 100 Shake-Up Hits This Week - Investor's Business Daily

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Dec 15, 2020 · American Electric Power, now with a market value of $41 billion, muscles into the Nasdaq 100. It's definitely in the minority. Less than 1% of the Nasdaq 100's holdings are in …

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The Day DeepSeek Turned Tech And Wall Street Upside Down

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Monday’s bloodbath in Nvidia and other AI stocks wiped out some $1 trillion from the stock market’s value.

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McKinsey Says Finance Industry Shakeup To Dislodge $10 Trillion

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Sep 18, 2024 · The opportunity lies in an estimated $8 trillion to $10 trillion in new US assets, a potential 15% increase in the total market up for grabs in North America, according to the …

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Why Tech Could Shakeup The $8.1 Trillion Global Logistics Industry

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Nov 29, 2018 · Despite the industry being worth more than $8.1 trillion, companies continue to rely on outdated platforms to manage their operations. These systems are inefficient and …

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How Elon Musk And Vivek Ramaswamy Teamed Up To Gut $2 …

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Dec 16, 2024 · The advisory body, which will not be an official department of the federal government, aims to radically shake up the federal bureaucracy and massively cut federal …

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18 Industries That Could Reshape The Global Economy - McKinsey

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November 24, 2024 What will the economy look like in 15 years? McKinsey’s Kweilin Ellingrud and coauthors believe that 18 arenas of competition could generate $29 trillion to $48 trillion in …

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FAQs about Super shakeup: Why the $4.1 trillion industry is in the spotlight Coupon?

Why is big super a problem?

After 32 years of enjoying guaranteed inflows from workers and scant scrutiny, big super faces customer fury over poor service; questionable governance models and unclear investment practices. The industry may have avoided the full glare of the banking royal commission, but the spotlight has swung around and regulators are on the march. ...

What happened to Australia's biggest super fund?

In December, the country’s biggest super fund, AustralianSuper, announced it would repay $4.2 million to about 7,000 customers as compensation for taking too long to process death benefit claims. Super Consumer Australia CEO Xavier O’Halloran said the recent scandals had exposed customer service failings across the industry. ...

Are Australia's big super funds still flying under the radar?

After more than three decades of enjoying guaranteed inflows from workers and little scrutiny, Australia’s big super funds are no longer flying under the radar. Rising customer complaints, a high-profile court case and reviews into the way the industry funds choose their board directors and spend their money have put the spotlight on the sector. ...

What happened to Crumlin's maritime super fund?

In 2021, the Maritime Super fund that Crumlin chaired had performed so poorly that it handed over investment decisions to another fund, Hostplus, and formally merged with it two years later. But this week Crumlin was back as a super fund director. The CFMEU had picked him as a director of Cbus, the building industry superannuation fund. ...

Are super funds taking too long to pay customers?

Super Consumer Australia CEO Xavier O’Halloran said the recent scandals had exposed customer service failings across the industry. " Super funds have been taking far too long to do basics like pick up the phone and pay people the money they are owed," he said. ...

What's going on with Australian Super & CareSuper?

But as the $3.9 trillion sector’s coffers have swelled, with big industry funds such as AustralianSuper ($341 billion under management), Cbus ($94 billion) and CareSuper ($53 billion) counting memberships up to 3.4 million people, the level of oversight that model delivers has come under greater scrutiny. ...