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Superannuation funds have warned the Government that its proposed new performance test regime risks rewarding short-termism and denying members the benefits of medium to ...
INDUSTRY NEWS
Industry Super Australia said the proposed Government policy to opt out of the superannuation guarantee increase will further disadvantage retirement savings for Australi...
INDUSTRY NEWS
Forcing workers to use their retirement savings to fund their own pay rise should not be a way to deal with low wage growth, the Australian Institute of Superannuation Tr...
INDUSTRY NEWS
BT Funds Management has admitted that its efforts to migrate 277,679 members to its BT Super product may have resulted in 38,000 people exiting the company’s products....
INDUSTRY NEWS
New data has emerged suggesting as many as 5% of early release superannuation applicants entirely emptied their accounts while just 10 superannuation funds paid around 68...
INDUSTRY NEWS
The SMSF Association has welcomed the Federal Government’s amendments to allow the partial commutation of certain non-commutable pensions....
INDUSTRY NEWS
2020 was the year of the Government’s hardship early release superannuation scheme and it was also a year during which the Australian Competition and Consumer Commission ...
INDUSTRY NEWS
Superannuation funds have told a Parliamentary Committee that the costs of implementing Superstream were so high that they offset any immediate cost-savings....
INDUSTRY NEWS
There were a further 21,000 superannuation members who applied for the early release of their super in the week before the scheme ended, with 31% representing repeat appl...
INDUSTRY NEWS
The Government needs to address underperformance in the superannuation system before stapling of super accounts begins, according to the Australian Institute of Superannu...
INDUSTRY NEWS
Almost three-quarters of fund professionals expect to see consolidation of the superannuation industry this year in a bid to reduce costs, according to Calastone....
INDUSTRY NEWS
The Australian Council of Trade Unions believes the Government’s superannuation exposure draft legislation is an ‘attack’ on working people and their retirement savings. ...
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