Superannuation
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Young Australians are paying more attention to super than ever: report
First 5000 | August 4, 2022In the wake of the uncertainties brought by COVID-19, young Australians are making their financial future a priority, according to super fund Equip.
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2022 ESG Leader Super funds announced
First 5000 | July 28, 2022Thirty-two superannuation funds have received Rainmaker Information’s ESG Leader Rating, which has been awarded for the first time.
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International Women’s Day shines spotlight on super gap
First 5000 | March 7, 2022The Australian Institute of Superannuation Trustees (AIST) has urged the Federal Government to use International Women’s Day as an opportunity to close a retirement system anomaly by extending superannuation to paid parental leave.
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Super sting costs NSW mums $500 million
First 5000 | November 4, 2021NSW mothers have missed out on more than $522 million in superannuation contributions because the government refuses to pay super on its parental leave scheme.
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Big super funds getting bigger, squeezing out competition
First 5000 | August 24, 2021A wave of super fund mergers is seeing the number of funds in Australia contract at its fastest rate in years.
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HESTA named top major super fund for customer satisfaction
First 5000 | July 30, 2021HESTA scored the highest customer satisfaction rating among industry and retail funds, according to independent research agency Roy Morgan’s latest Superannuation Satisfaction Report.
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How superannuation-powered venture capital should drive a post-COVID-19 recovery
First 5000 | July 27, 2021Superannuation funds could achieve higher returns and more responsible investments for their members by investing more in venture capital, according to Stoic Venture Capital.
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Young, low-income workers are the big winners in super boost
First 5000 | July 2, 2021More than 6.7 million Australians will benefit from a boost to their nest egg with the superannuation rate increasing to 10 per cent, with young workers and low to middle-income earners the big winners.
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Nearly 1 million young workers closed or drained their super through COVID early release
First 5000 | January 25, 2021Nearly one million young workers under the age of 35 have either closed their super accounts or now have less than $1000 in super as a result of the COVID Early Release Scheme, according to a new analysis by the Australian Institute of Superannuation Trustees (AIST).
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Workers shouldn’t have to choose between 12% super or a pay rise
First 5000 | January 13, 2021Australians are likely to be financially worse off over their lifetime under a proposal being considered by the Morrison Government to give workers a choice of a super rise or a pay rise, The Australian Institute of Superannuation Trustees (AIST) warned today.
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Superannuation weathering the COVID-19 crisis
First 5000 | June 5, 2020Australia’s superannuation savings pool has withstood the COVID-19 financial crisis so far, falling just 0.3% in the 12 months to 30 April 2020, while bolstering cash reserves.
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Professional bodies to give advice regarding access to Super
First 5000 | April 15, 2020It will be easier for Australians to get assistance from professional accountants and financial planners in making decisions about their financial position in the face of the COVID-19 pandemic, after a decision handed down by ASIC yesterday.
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‘One stop shop’ for essential tax, super info on COVID-19 stimulus measures
First 5000 | March 26, 2020The Australian Taxation Office (ATO) has updated its website with essential information about tax and superannuation changes that have now become law following the passage of the Government’s Economic Support Package through the Parliament.
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Super funds call on govt to provide enhance income support
First 5000 | March 20, 2020The Australian Institute of Superannuation Trustees (AIST) has urged the Government to urgently consider a range of enhanced income support measures to help people experiencing financial hardship, as well as those likely to experience hardship in the near future.
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International Women’s Day a good time to consider your super
First 5000 | March 6, 2020Ahead of International Women’s Day (Sunday 8 March) the Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the gender gap in superannuation needs to be addressed.
