ASFA

Superannuation

The Federal Government should deliver superannuation funds a reduction in regulatory levies equal to the amount of money withdrawn from superannuation under the hardship ...

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Superannuation

The early release extension reinforces the need to lift the superannuation guarantee to 12%, according to the Association of Superannuation Funds of Australia. ...

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Superannuation

Australians have much to gain from the Government keeping superannuation compulsory and plenty to lose if it does not, according to a new industry white paper....

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People & Products

Jim Minto, current chair of the audit committee, will replace Jillian Broadbent who will be retiring. ...

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Superannuation

The compulsory superannuation system has added $35 billion to the bottom 20% of workers by income, according to research. ...

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Superannuation

The average balanced investment returned flat for the 2019/20 financial year, after the pandemic wiped 37% of the Australian share market from peak to trough in March and...

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Superannuation

The now permanent capital gains tax measure for superannuation fund mergers has taken away a barrier to fund consolidation, the Association of Superannuation Funds of Aus...

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Superannuation

The average early release of super for financial hardship withdrawals is around $8,000, below the $10,000 maximum....

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Superannuation

An estimated 855,000 early release of superannuation payments have been made totalling $7.1 billion by 30 April, according to an industry body....

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Policy & Regulation

To be effective, the Financial Regulator Oversight Authority needs to be allowed to assess particular actions, or group of actions, to properly assess the two financial r...

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Financial planning

The Federal Government is being confronted by an increasingly united front on the need to retain the deductibility of advice fees from MySuper products....

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Policy & Regulation

Attracting talent to superannuation funds could become problematic under the Government’s move to extend the Bank Executive Accountability Regime to the superannuation in...

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Financial planning

Superannuation funds have identified the manner which Government policy changes and increased regulation is pushing the cost of advice beyond the means of many low-income...

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Superannuation

The review is an opportunity to improve retirement outcomes for Australians, the Association of Superannuation Funds of Australia believes....

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Financial planning

Organisations should not be surprised if employees exhibit bad culture if the firm is focused on metrics and give rewards based on meeting targets, according to a panel....

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 1 day ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 1 day ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 2 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago