Sunsuper and Kinetic Super announce merger

The Sunsuper and Kinetic Super superannuation funds have announced that they will merge. The funds announced that their Boards had signed a Successor Fund Transfer deed, which authorises a merger of the funds. “The decision follows the successful completion of a comprehensive due diligence process, which began in early April this year,” said the announcement. “Once… Continue reading Sunsuper and Kinetic Super announce merger

HESTA calls for more women in S&P/ASX 200 senior executive roles

Superannuation fund HESTA has written to all S&P/ASX 200 companies, calling on them to set specific targets and timeframes to increase the number of women in senior executive positions. HESTA CEO Debby Blakey said it was vital companies are transparent about the number and proportion of women in senior leadership roles. “While a lot of attention… Continue reading HESTA calls for more women in S&P/ASX 200 senior executive roles

QSuper to offer bonus for choosing pension over lump sum

QSuper will start to offer a bonus to members who choose to access their superannuation via a pension rather than a lump sum. QSuper, which is Queensland’s largest super fund, said this was an “Australian industry first” and “has the potential to benefit thousands of members approaching retirement.” “QSuper members with an Accumulation account may be… Continue reading QSuper to offer bonus for choosing pension over lump sum

What is the best superannuation fund?

Unfortunately for Australians trying to save for retirement there likely is no such thing as the best superannuation fund. What appears to be a simple question has quite a complex answer. While there may be such a thing as a best superannuation fund for a particular person at a particular time, this is highly variable.… Continue reading What is the best superannuation fund?

Types of Super Funds: RSE, PST, ADF, ERF, SAF & SMSF

Below is a summary of the different types of super funds, and there acronyms. Registrable Superannuation Entities (RSE) Registrable Superannuation Entities (RSEs) include: APRA regulated super funds Multi-member ADFs Pooled Superannuation Trusts Eligible Rollover Funds But RSEs do not include: SMSFs Public-sector superannuation schemes APRA maintains a list of RSEs.