superannuation

Superannuation

Superannuation grows as proportion of personal wealth

Owner-occupied houses continue to form the largest part of Australians’ personal wealth, but superannuation balances are becoming an increasingly important factor, accord...

People & Products

Crescent Wealth appoints new CIO

Socially responsible superannuation fund Crescent Wealth has appointed Jason Hazell as its chief investment officer....

Financial planning

Tax strategy options open up via catch-up contributions

Technical expert, Rob Lavery believes the 1 July changes allowing catch-up contributions have opened the way for astute tax management strategies....

Financial planning

Australians losing out from multiple super costs

Australians are losing $6.5 billion on unnecessary costs such as fees and subscriptions, prompting Rest to encourage them to check their bank and superannuation statement...

Superannuation

Suncorp to defend class action over fees

Conflicted fees are once again a hot legal topic, with Suncorp being hit with a class action in the New South Wales Supreme Court over superannuation commissions paid to ...

Superannuation

Making super investment decisions does not represent “activity”

According to the Australian Prudential Regulation Authority just because a superannuation fund member implements an investment strategy decision, doesn’t mean the account...

Superannuation

Sargon acquires Diversa

In what represents further consolidation of the sector, financial technology company Sargon has announced it has acquired the Trustee Services business, comprising Divers...

Superannuation

Hume reiterates call to end super culture wars

The Assistant Minister for Superannuation, Financial Services and Financial Services Technology, Senator Jane Hume has reiterated her call for an end to the culture wars ...

Policy & Regulation

ASIC bans adviser for ‘templated’ financial advice

Taking a templated approach to financial advice has seen a financial adviser banned from providing financial services by the Australian Securities and Investments Commiss...

Superannuation

Firms reminded on exit fees ahead of PYSP

ASIC is reminding product issuers that as part of their implementation of Protecting Your Super Package, they need to take care that, from 1 July 2019, Product Disclosure...

Superannuation

Default funds again a focus for Fed Gov’t

Making her first official address as Assistant Minister for Superannuation, Senator Jane Hume has today confirmed that the Morrison Government intends to return to the Pr...

Superannuation

Super funds need to look offshore to survive

With funds in superannuation set to pass $3 trillion, funds need to be preparing to have at least a 50/50 breakdown in domestic and offshore assets as the Australian mark...

SMSF

Hostplus offers SMSFs option to invest in super fund

Hostplus has continued its efforts to engage with self-managed super funds, launching a product that would allow SMSF investors to become unit holders in the industry fun...

Superannuation

Link Group extends contract with AustralianSuper

Link Group has announced an extension of its contract with AustralianSuper for another four years, starting 1 July....

Superannuation

Remediation could impact tax and super

The Australian Taxation Office has warned compensation payments from superannuation funds in the fallout of the Banking Royal Commission could have both tax and super imp...