Sat, 20th Jul 2024

In this week's episode of Superannuation News Wrap, host Paige Estritori discusses the ongoing growth of the Cbus superannuation fund, despite its association with the CFMEU and recent scrutiny. Key strategic mergers with EISS Super and Media Super, and maintained member communication, have helped stabilize Cbus amidst regulatory investigations. The episode also covers Spirit Supers new strategic alliance with JP Morgan for fund administration services, a move aimed at improving asset management efficiency, ahead of its upcoming merger with CareSuper. Lastly, the show touches on Australian Greens Senator Barbara Pocock's demand for APRA to provide full transparency on its investigations into financial ties between industry superannuation funds and trade unions, highlighting the growing demand for accountability in Australia's financial oversight institutions. Keep up-to-date with superannuation news on Financial Services Online.n