Aware Super's MySuper default offering saw a record gain of 18% for the June 30 fiscal year as the fund continued to gear up for growth.
Hostplus, the superannuation fund focused on Australia's hospitality sector, saw a fiscal-year gain of 21.3% in its default savings option.
Australia's smallest super funds are being forced into survival mode as increased regulatory scrutiny makes mergers all the more likely.
Hub International acquired the operating subsidiaries of investment and consulting firm TCG Group Holdings.
Cbus hired Mark Ferguson, APRA's former head of investment risk, for a new role with the fund's internal investment management team.
HESTA tapped Resolution Life Deputy CIO Jeff Brunton for a new leadership position on the superannuation fund's internal management team.
Hub International acquired retirement plan consulting firm Aegis Retirement Group, adding 75 plan sponsors to Hub's growing roster.
Deloitte will shift $1.4 billion in default fund assets into a new sustainability-focused strategy.
Cbus, the $49 billion super fund for Australia's construction industry, looks set to report its best returns in more than 20 years.
Chrysalis Investments invested $104 million in global retirement savings technology platform provider Smart.
Malaysia's prime minister announced a third EPF early withdrawal facility for embattled workers struggling through lockdown restrictions.
Rest Super tapped Australian Catholic's Chris Drew to oversee domestic equity allocations as it builds out its in-house capabilities.
KLM Royal Dutch Airlines agreed with Dutch unions to move its ground crew workers into a collective defined contribution plan.
The U.K.'s Pensions Regulator called on trustees and employers to focus on long-term planning and risk management.
Managers warned returns could be "muted" as elevated share prices suggest it will be harder for super funds to meet lofty return targets.
Analysts call counting on employees to play a starring role in reforms aimed at avoiding retirement savings shortfalls overly ambitious.
UniSuper, the super fund for Australia's higher education and research sector, will open to other sectors to add further scale.
OneDigital Investment Advisors acquired Future Benefits, a retirement plan consulting and wealth management services firm.
Australia's HESTA tapped a Medibank senior portfolio manager to help bring management of its fixed income and cash holdings in-house.
OneDigital acquired RIA firm Westminster Consulting, adding more than 70 retirement plan clients.
Changing fee-cap rules will not lead to a material increase in illiquid investments by U.K. defined contribution plans, the PLSA said.
The super funds for Australia's transportation and energy sectors are exploring the merits of combining to create a $9.2 billion fund.
AUSfund, set up to manage dormant super accounts, will close and shift big accounts to Hostplus and smaller ones to Australia's tax office.
Sunsuper and Australia Post Superannuation Scheme agree to explore a merger, even as Sunsuper's pending combination with QSuper looms.
The DWP wants views on its proposal for how DC plans calculate alternatives fees, aiming to help them to invest within the charge cap.