The interim head of pensions and investments at an international pension fund was convicted of fraud after he abused his position and stole close to $2 million in retirement savings.
A $1.5 billion industry superannuation fund is reducing select insurance premiums after renegotiating its group insurance mandate. It also slashed the administration fee on its pension account.
Nearly all large superannuation funds are fulfilling reporting obligations to a "high standard," the ATO's latest diagnostic reports show.
Mercer has renewed its administration mandate with a $9 billion industry superannuation fund; and it has become manager for the $250 million Anglican National Super plan.