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SUPERANNUATION
INDUSTRY NEWS
A pause in the superannuation guarantee at its current 9.5% is looking almost certain in next month’s Budget and no one is ruling out a further extension to hardship earl...
INDUSTRY NEWS
With five significant superannuation fund mergers already on foot and eight others known to be in the early stages, the Australian superannuation industry faces further c...
INDUSTRY NEWS
The Australian Prudential Regulation Authority has failed in its obligation to enforce the sole purpose test over the use of superannuation fund monies, according to a Li...
INDUSTRY NEWS
Superannuation funds have different business models to either the banks or the major insurers and this needs to be recognised....
INDUSTRY NEWS
Around 90% of member enquiries regarding the super fund’s environmental, social and governance policy related to climate change....
INDUSTRY NEWS
While recovery momentum helped bolster account balances in August, the second half of 2020 will be dependent on COVID-19 infection rates and the gradual easing of restric...
INDUSTRY NEWS
New data has revealed how thousands of superannuation fund members and a few super fund trustees crystallised their losses in a 30-day period of turmoil generated by the ...
INDUSTRY NEWS
Strong listed share market returns were the main drivers of growth fund performance during August with Australian shares returning 3% and international shares returning 5...
INDUSTRY NEWS
In the past three months, Cbus, HESTA and UniSuper have publicly stated their intention to move to net zero emissions by 2050, according to a new report. ...
INDUSTRY NEWS
At least two companies were warned by the regulator to stop charging fees ranging from $199 to $299 for facilitating superannuation early release when the process is mean...
INDUSTRY NEWS
National Australia Bank super entities NULIS and MLC Nominees have been hit by Federal Court penalties out of an Australian Securities and Investments Commission action o...
INDUSTRY NEWS
One of the founders of Australia’s superannuation regime, former Keating adviser, Dr Don Russell, has warned that early release super and suggestions of using it for hous...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...