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SUPERANNUATION

Superannuation

The Federal Treasury has made clear it expects the Australian Prudential Regulation Authority to scrutinise any fee increases imposed by superannuation funds which then b...

Superannuation

Superannuation industry executives have acknowledged the potential for funds to run into liquidity issues because of the downturn and risk to jobs in the travel, hospital...

Financial planning

The Australian Securities and Investments Commission has signalled at least some flexibility around how advisers gain consent from clients to deduct fees from their super...

Superannuation

Mark Goldenberg operated an illegal early access to superannuation scheme and engaged in credit activities without an Australian credit licence....

Superannuation

The proposed legislation could motivate advisers to enter into ongoing fee arrangements with superannuation members, according to a super body. ...

Superannuation

Women in Super and Industry Super Australia are calling on the Government to make changes to the superannuation system which would help bridge the gender super gap....

People & Products

Administration and consulting firm MMC has acquired super fund administrator IFAA....

Financial planning

The draft legislation would be able to prevent property spruikers using self-managed superannuation funds in a one-stop shop, the SMSF Association believes....

Superannuation

Relaxing the taper rate on the Age Pension and increasing rent assistance will do more for retirement income than increasing the SG, the Grattan Institute believes....

Superannuation

Default KiwiSaver funds will be moved from conservative to balanced funds in a shake-up of the New Zealand superannuation system....

Superannuation

Almost 40% of recent retirees are either living on a very tight budget or are not making ends meet, according to a survey....

Financial planning

The Government is wrong in its move to stop people from paying for financial advice from their MySuper accounts, according to the Financial Planning Association....

Policy & Regulation

Superannuation fund trustees will not be able to resort to members’ funds held in trust to pay civil penalties arising from the new Financial Accountability Regime....

Financial planning

The Australian Securities and Investments Commission had staff on-site at the major banks and AMP for 216 days during October 2018 and December 2019....

Superannuation

The unpaid superannuation amnesty bill will help recover around $200 million which is less than 5% of the annual unpaid super bill, according to Industry Super Australia....

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