super

Superannuation

APRA failing on sole purpose test says Bragg

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...

Superannuation

Superannuation is different and needs to be treated as such

Superannuation funds have different business models to either the banks or the major insurers and this needs to be recognised....

Superannuation

Industry funds place $33b investment pipeline in play

Government attacks on industry superannuation funds risk jeopardising their ability to invest in Australia’s economic recovery, according to Industry Super Australia....

Superannuation

Reduce SG amnesty penalty from 200% to nil: The Tax Institute

The superannuation guarantee amnesty is set to to expire today but the severe consequences of non-compliance could drive businesses to insolvency, according to The Tax In...

Superannuation

Christian Super to reduce fees

The fund’s typical member with $50,000 invested in a MySuper product would see a reduction of $55 per year....

Financial planning

OneVue maintains revenue stability amid pandemic

OneVue has posted a revenue decrease of 1% to $49.1 million in its FY20 results due to market volatility, lower interest rates and the new Protect Your Super legislation ...

Policy & Regulation

Over 40 SMSF auditors reprimanded by ASIC

The Australian Securities and Investments Commission has cancelled or imposed restrictions on 42 SMSF auditors for failing to maintain their audit experience....

Superannuation

Industry funds warn Govt not to use Retirement Review as stalking horse

The Retirement Income Review should not be used as a stalking horse for dangerous policies such allowing low income earners to opt out of superannuation or use their bala...

Superannuation

Equip and Catholic Super finish FY in the positive

The two funds' joint trusteeship has ensured that their respective balanced options made a return for the financial year....

Superannuation

Third early release surge predicted

42% of Australians have reported being negatively financially impacted by COVID-19 giving rise to concerns of a third surge in superannuation early access claims if and w...

Superannuation

Growth funds end FY with 0.5% loss

Despite losing 0.5% for the financial year growth funds have had an “excellent year” as international shares were up 3.6% in hedged terms and 5.2% in unhedged terms, acco...

People & Products

Seamless SMSF appoints BDM

The self-managed superannuation fund administration and audit firm has appointed Jo Hurley, who will return to the industry....

Superannuation

The $54,000 cost of early super drawdown

Amid reports of another rush by people to access the second tranche of the Government’s hardship early release superannuation regime, Wealth Within’s Dale Gillham has poi...