The Australian Council of Trade Unions has slammed the government's early release of superannuation program, saying that Prime Minister Scott Morrison's legacy will be a wave of retirement poverty.
Liberal MP Jason Falinski has accused industry super funds of using the Google AdWords term 'retail super' after BT was fined for using the term 'industry super'.
The $120 billion fund has picked a new name, with the First State Super name expected to be dropped from September. Meanwhile VicSuper's brand name will be retained for the interim.
The $4.05 billion wealth manager has reported record inflows of $660 million for the financial year, telling Financial Standard that it's balanced MySuper offering returned 6.9% net of fees for the quarter.