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Showing 61 - 70 of 5610 results for "Superannuation fund"

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
Shine Lawyers filed a class action on behalf of Rest members who may have had income protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... fate when it comes to managing their nest eggs. Some 70% of respondents said they trust themselves over their superannuation fund to make decisions about which retirement products to use. Half of super members said they are "confident" they can effectively ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
Challenger has awarded a mandate to a major professional services firm to overhaul its technological infrastructure. Accenture has been mandated for seven years to upgrade Challenger's technology that will ultimately affect customers, financial ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
Opening up superannuation funds to more comprehensive financial advice could help solve some of the retirement income challenges Australians face, according to the Actuaries Institute. In its submission to the Retirement Phase of Superannuation consultation ...

Brighter Super adds head of product

ELIZABETH FRY  |  FRIDAY, 9 FEB 2024
... of product, hiring from Aware Super. The highly experienced Cristina Saija moved across to the $29 billion superannuation fund headed by Kate Farrar early this month. Leading product strategy, Saija had a similar role at Energy Industries Superannuation ...

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
... Multi Services. The corporate regulator alleges that Hala encouraged consumers to establish a self-managed superannuation fund (SMSF), and to roll over their existing superannuation into the SMSF and invest it with his company. In October 2021, ASIC ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... industry event, Court said Australians have a right to expect efficient, honest, and fair treatment by their superannuation fund. However, recent surveillance and enforcement indicates that some superannuation are failing to meet basic member service ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... review process and consideration of expert third-party advice." Meanwhile, its counterpart, the New Zealand Superannuation Fund (NZSF), has been excluding investments in Elbit since 2012. The world's largest sovereign wealth fund, Norway's $2.4 ...

Equity Trustees adds more super fund clients

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... an independent trustee which sits at arm's length to the commercial and operational aspects of managing a superannuation fund and its products. ​"This appointment reaffirms Equity Trustees as the foremost provider of independent superannuation trustee ...