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INDUSTRY NEWS
The continual repetition of the phrase ‘past performance is no guarantee of future performance’ is at odds with a “blunt” superannuation performance test based entirely o...
INDUSTRY NEWS
The corporate regulator has been probed on if it has been investigating whether Industry Super Australia engaged in misleading or deceptive conduct regarding claims of su...
INDUSTRY NEWS
The prudential regulator has been probed by Senator Andrew Bragg as to whether investments into Industry Super Holdings count as marketing given that it indirectly funds ...
INDUSTRY NEWS
Five of the 13 funds that failed the performance test are in merger talks and the prudential regulator is looking at ways to simplify the merger process. ...
INDUSTRY NEWS
Following the release of Choice super data, the Australian Institute of Superannuation Trustees is calling for the Government to amend legislation to prevent any member b...
INDUSTRY NEWS
Administration fees on Choice products are 40% higher than for MySuper products, according to the regulator, with a $100,000 balance paying $391 per annum....
INDUSTRY NEWS
The Government has introduced a bill that aims to improve equity in the superannuation system, allow a larger amount of super to be removed for a first home deposit, and ...
INDUSTRY NEWS
The removal of the threshold is expected to benefit around 300,000 people, of whom about 63% are female....
INDUSTRY NEWS
The corporate regulator has found failure in superannuation fund identifying conflicts of interests with superannuation trustee directors and senior executives regarding ...
INDUSTRY NEWS
The Association of Superannuation Funds of Australia has welcomed the Government’s net-zero plan as a further opportunity for superannuation funds to participate in Austr...
INDUSTRY NEWS
While there is a justification for superannuation funds spending money on marketing and sponsorship, this should be measured by clear metrics rather than its own qualitat...
INDUSTRY NEWS
Forty MySuper products resubmitted material data in relation to the Your Future, Your Super performance test. ...
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It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...