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ASIC deputy chair Sarah Court said the $27m fine reflected the severity of misconduct by AustralianSuper.

Courts and JusticePremiumAustralianSuper cops $27m deterrent fine

AustralianSuper hit with a $27 million fine for failing 90,000-plus members as ASIC vows to maintain vigil.

Neale Prior

AustralianSuper members lost $69 million over a decade through having multiple accounts. (Dean Lewins/AAP PHOTOS)

Your MoneyCommentsPremiumAustralianSuper cops fine over $69m duplicate accounts bungle

A Federal court judge has fined AustralianSuper $27 million after it admitted to contravening the Superannuation Act over members’ duplicate accounts.

Tara Cosoleto

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BreakingPremiumAustralia’s biggest super fund fined $27m

Australia’s biggest superannuation fund has been fined $27m for charging duplicate fees to tens of thousands of customers.

Blair Jackson

Workers are tipped to be up as much as 2.2 per cent thanks to strong share market gains. NewsWire / John Appleyard.

SuperannuationPremiumSimple reason Aussies are a little richer

Aussies are tipped to be a little richer at the end January, as superannuation funds have a ‘flying start’ to 2025.

Cameron Micallef

With the cost of rent so high, some retirees are pooling resources and moving in together to share the burden. But there’s a danger Centrelink can, and will, treat you as a couple and cut your pensions.

Bruining Q+ACommentsPremiumCan Centrelink treat you and your housemate as a couple?

Q+A: With the cost of rent so high, some retirees are pooling resources and moving in together to share the burden. But there’s a danger Centrelink can — and will — treat you as a couple and cut your pensions.

Nick Bruining

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NEWSPremiumGrim reality of super raid for homes

Peter Dutton’s major home ownership offer to Australian voters would actually drive up house prices and slash home ownership, an analysis shows.

Blair Jackson

Cbus has been chaired by former Federal treasurer Wayne Swan since January 2022.

SuperannuationCommentsWatchdog probes Cbus spending for breaches, moves on risk

The Federal prudential watchdog has widened an investigation of Cbus after unveiling its latest attempts to address chronic risk management problems at the $100 billion industry super fund.

Neale Prior

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SuperannuationPremiumWorkers miss out on billions as super changes still not ready

The wait for long-flagged superannuation changes have cost Australian workers billions of dollars.

Blair Jackson

There’s plenty of boomers who have thrift embedded in their DNA. They don’t like wasting money for the sake of it.

Your MoneyCommentsPremiumThe sneaky political agenda in pushing annuities on retirees

Make no mistake, pressure is building to steer more Aussies into taking out an annuity when they retire ... and the underlying political agenda should not be ignored. Here’s why ...

Nick Bruining

‘My dad has dementia. He lives by himself in his own home, worth about $850,000. It seems unfair he’d potentially need to give all that to get a place in a home. Should I put the house in my name?’

Bruining Q+ACommentsPremiumShould I put Dad’s house in my name to cut aged-care cost?

Q+A: ‘My dad has dementia. He lives by himself in his own home, worth about $850,000. It seems unfair he’d potentially need to give all that to get a place in a home. Should I put the house in my name?’

Nick Bruining

Rest Superannuation members have accidentally been charged for insurance premiums they did not order since June 2024

FINANCEPremium2500 super members slugged unwanted fees

A major superannuation fund that incorrectly charged members for insurance premiums they didn’t want has divided an online community with its response.

Cameron Micallef

There’s a secret weapon to combat the nasty hairy surprise waiting as you inch closer to retirement and realise you haven’t quite made the most of your super savings. There’s still time to play the hero.

Your MoneyPremiumUse these spidey senses to awaken your super strength

There’s a secret weapon to combat the nasty hairy surprise waiting as you inch closer to retirement and realise you haven’t quite made the most of your super savings. There’s still time to play the hero.

Bruce Brammall

The Federal Government has announced increased scrutiny over the service standards provided by Australia’s major superannuation funds, but there’s little detail yet on what changes will be made.

Your MoneyCommentsPremiumHow to get a superannuation claim paid out sooner

The Federal Government has announced increased scrutiny over the service standards provided by Australia’s major superannuation funds, but there’s little detail yet on what changes will be made.

Nick Bruining

The age at which you can access savings stashed away in your super fund might surprise you. But just because you can break the piggy bank sooner rather than later doesn’t mean you should. Unless ...

Bruining Q+ACommentsPremiumYou can bust open your super at this age. But should you?

Q+A: The age at which you can access savings stashed away in your super fund might surprise you. But just because you can break the piggy bank sooner rather than later doesn’t mean you should. Unless ...

Nick Bruining

For independent retiree Heather Cohen, last week’s rule changes to the way death benefit claims are treated by super funds can’t come soon enough.

Your MoneyCommentsPremium‘Insensitive’: Widow’s nightmare fight for super death pay

For independent retiree Heather Cohen, last week’s rule changes to the way death benefit claims are treated by super funds can’t come soon enough.

Nick Bruining

ASIC is distinguishing between anti-scam and anti-fraud activities in trying to get the retail, industry and corporate super funds it regulates to lift their game.

SuperannuationCommentsScam fears for $3tr super pot as trustees doze

Australia’s financial watchdog fears superannuation funds will become the soft target for scammers if they fail to improve their fraud-fighting and anti-scam systems.

Neale Prior

Anthony Torre admitted stealing $1.03 million from eight client on what was to be the first day of his trial.

Courts & JusticePremiumWestern suburbs corporate adviser stole $1m from clients

Anthony Torre has confessed to ripping off multiple clients over about five years.

Rebecca Le May

Without question, the greatest effect on investment returns will be what Donald Trump dishes out in the way of changes to the US economy.

Your MoneyCommentsPremiumFrom Trump to aged care: The major changes coming this year

Without question, the greatest effect on investment returns will be what Donald Trump dishes out in the way of changes to the US economy. But 2025 will also see a suite of already-legislated changes kicking in.

Nick Bruining

Don’t expect any special superannuation concessions for citizens overseas, even if it is on a permanent basis. 

Bruining Q+ACommentsPremiumNo special superannuation concessions for citizens overseas

Q+A: Don’t expect any special superannuation concessions for Australian citizens overseas, even if it is on a permanent basis. 

Nick Bruining

Superannuation funds grew strongly throughout 2024. NewsWire / Nicholas Eagar

FINANCEPremium‘Stellar’: Super funds you wish you were in

Members in Australia’s top-performing superannuation funds are more than 13 per cent better off this year.

Cameron Micallef

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SuperannuationPremiumShock super amount Aussies can retire on

Australians will likely need less superannuation than they think to maintain their current lifestyle, but there is a major caveat.

Cameron Micallef

Aussies are unnecessarily stressed in retirement. NewsWire / Nicholas Eagar

SuperannuationPremiumRadical plan to get Aussie retirees spending

Australian retirees are saving too much of their retirement nest egg, with calls for major reforms to the superannuation sector.

Cameron Micallef

Australia’s $4 trillion superannuation system is too complex, says the Grattan Institute.

Your MoneyCommentsPremiumReforms to super could take stress out of retirement

Australia’s $4 trillion superannuation system is too complex, with many people finding retirement stressful and lacking the confidence to spend their savings.

Cheyanne Enciso

ACTU warns Australians could be $165,000 worse off in retirement if the retirement guarantee falls. NewsWire / Nicholas Eagar

SuperannuationPremium‘$165K worse off’: Warning on super proposal

Aussies could be $165,000 worse-off in retirement if a proposed change to superannuation guarantee is given the go ahead, the peak union body warns.

Cameron Micallef