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Pages in category "Superannuation funds in Australia" The following 22 pages are in this category, out of 22 total. This list may not reflect recent changes. A.
The Australian superannuation industry has been criticised for pursuing self-interested re-investment strategies, and some funds have been accused of choosing investments that benefit related parties ahead of the investor. [78] Some superannuation providers provide minimal information to account holders about how their money has been invested.
In Australia, the term 'Retail superannuation fund' refers to a superannuation provider that is not an Industry superannuation fund, and so weren't established by a trade union as a method of managing worker retirement savings. [1] [2] [3] There are various providers of retail super funds in Australia.
Superannuation in Australia is government-supported and encouraged, and minimum provisions are compulsory for employees. Superannuation arrangements are provided by banks and insurance companies, though most funds are self-managed. Superannuation funds are tightly regulated.
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria.It is an industry super fund, and so operates through a mutual fund structure.. With over A$ 340 billion of retirement savings under management and more than 3.4 million members, AustralianSuper is the largest superannuation fund in Australia and the sixteenth largest pension fund in the world.
From 1 July 2005, choice of fund rules came into effect, giving most Australian employees the option to choose the fund into which their employers paid their superannuation contributions. [ 9 ] [ 10 ] In practice, over 75% of workers remained with their employer’s default fund, which was usually an industry fund.
Superannuation funds in Australia (22 P) Pages in category "Superannuation in Australia" The following 13 pages are in this category, out of 13 total.
Created in 1989, it has become one of Australia's largest super funds. As at 2019, MTAA Super has more than $12 billion funds under management and represents more than 200,000 members and more than 50,000 active employers. [1] MTAA Super is a public offer fund and allows membership to all Australians.