A number of super funds managing less than $10 billion have been slugged with an increase in their restricted APRA levy of more than 80 per cent even as the regulator pushes them to keep costs down.
Citing signals of economic transition and diversified benefits, Amundi recommends a significant portfolio allocation to gold following its +30 per cent surge since 2023. Investor Strategy News
SuperRatings awards finalists
(Pictured: Adam Gee)
After a year which included a raft of regulatory change and review – especially the introduction of MySuper – the annual SuperRatings awards consist of 10 not-for-profit funds as finalists in each of the ‘super’ and ‘pension’ awards categories.
The finalists for the four main categories were announced last week. Winners will be announced at a dinner at the Ivy hotel in Sydney after the research house’s annual conference, ‘Day of Confrontation’, on October 14. The finalists were chosen from more than 100 MySuper products, 320 accumulation and 170 retirement products, according to Adam Gee, SuperRatings chief executive.
In the other two categories, ‘rising star’ and ‘best new product’, five of the eight finalists are not-for-profit funds. The ‘fund of the year’ award will also be announced at the dinner. The finalists are:
> Super of the Year – CareSuper, Catholic Super, First State Super ,HESTA, HOSTPLUS, QSuper , REST Industry Super, Sunsuper , Telstra Super and UniSuper.
> Pension of the Year – AustralianSuper, AUSCOAL Super, Catholic Super, Energy Super, HOSTPLUS, NGS Super, QSuper, REST Industry Super, Sunsuper and Telstra Super.
> Rising Star – EISS, IOOF, MLC and REI Super.
> Best New Product – ANZ Smart Choice Paperless Rollover Tool, Equip MyPension, InTrust Super E-Signature Technology and NGS Super Income Generator.
Note: Investor Strategy News is a media partner for the awards.
