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9 results for “superannuation”
Regulators have issued urgent warnings to the A$4.2 trillion superannuation sector to bolster cyber resilience following historical breaches and new AI-powered threats. The move follows the 2025 credential stuffing attacks where A$500,000 was stolen from member accounts.
Australian median growth superannuation funds rebounded with a 2.6% return in April 2026, driven by a surge in global technology shares and a Middle East ceasefire. The recovery largely offsets a 3.2% decline in March, leaving the sector on track for a 6.4% return for the 2026 financial year.
AustralianSuper has appointed Sarah Carney as its first Head of AI and Automation as the fund targets a 5% productivity boost and launches new digital advice tools for its 3.6 million members.
The S&P/ASX 200 Index June 2026 quarterly rebalance reveals a major structural flow of institutional capital. Five resources and defence companies join the index, while five consumer, technology, and travel firms are removed.
New Zealand's Budget Economic and Fiscal Update 2026 projects an operating surplus by the 2028/29 fiscal year, one year earlier than previously forecast. The improved outlook is driven by increased tax revenue and spending restraint.
The New Zealand Government will increase the maximum Rates Rebate to $830 and raise income thresholds starting July 1, 2026, to assist low-income homeowners with rising living costs.
The NZX 50 index closed at 13,175 points on Friday, May 8, 2026, marking a daily decline of 0.72%. Despite the fall, the market secured a 1.7% weekly gain and remains up 4.52% over the past year.
The ASX 200 rose by up to 1% on Thursday as oil prices fell sharply on hopes of a US-Iran peace deal. However, Tabcorp shares crashed 25% following the announcement of a new AUSTRAC enforcement investigation.
CDC Data Centres has secured a landmark 555-megawatt contract in Australia, the largest in the nation's history. The 30-year agreement with a high-end US customer is expected to drive annualised EBITDAF to A$2 billion.