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SUPERANNUATION
INDUSTRY NEWS
Far from embarking on spending sprees, the majority of those who accessed their superannuation early used the funds for paying off household bills or mortgages, according...
INDUSTRY NEWS
There is a very real chance that many super members will fall short financially when they retire as only 20% of members have consistently topped up their fund, according ...
INDUSTRY NEWS
Advice fees levied by superannuation funds are relatively insignificant when compared to administration and investment fees....
INDUSTRY NEWS
Industry superannuation fund REST has revealed the over $130,000 cost of being a member of Australia’s two largest superannuation industry organisations. ...
INDUSTRY NEWS
In a move which will raise questions about politicising proceedings, the chairman of the House of Representatives Standing Committee on Economics, Tim Wilson, has directe...
INDUSTRY NEWS
Industry super funds, EISS Super and TWUSuper have confirmed they have entered into a Memorandum of Understanding for a merger to create at $12 billion fund....
INDUSTRY NEWS
Amid strong questioning by Government parliamentarians about how regulators monitor the superannuation sole purpose test, APRA has admitted it has only pursued one such c...
INDUSTRY NEWS
The test does not include admin fees and other non-investment charges which could lead to superannuation funds charging up to four times the median fees, Industry Super A...
INDUSTRY NEWS
Superannuation industry associations may be facing significant consolidation as the Government’s new legislation forces to superannuation funds to justify spending member...
INDUSTRY NEWS
Superannuation funds have been warned to get their houses in order to deal with the new internal dispute resolution regime being overseen by the Australian Securities and...
INDUSTRY NEWS
Concessional contributions will see a $2,500 rise, non-concessional contributions a $10,000 rise, and a $100,000 rise for the transfer balance cap....
INDUSTRY NEWS
Deloitte has acquired leading independent actuarial consultancy, Rice Warner....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...