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Showing 31 - 40 of 16344 results for "superannuation"

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... operation of the trading platform The banking and finance sector saw the largest number of reports at 28, followed by superannuation with 11 reports, general insurance with six reports, investments and advice with three reports and life insurance with ...

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

Ontario Teachers' massively underperforms benchmark

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
Ontario Teachers' Pension Plan Board reported a meagre 1.9% net return for 2023, falling short of its 8.7% benchmark, translating to a $15.8 billion negative value add. This contrasted with a modest 4% return in 2022, which surpassed its benchmark ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... forward program of regulatory initiatives. Based on the UK's system, the grid affects the banking, credit, insurance, superannuation, investment, payments, and capital market entities. ASIC, APRA, the Australian Competition and Consumer Commission (ACCC) ...

HESTA names head of investment execution

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... has appointed a former Citi director as its head of investment execution. Sophie Jelleff joins the $82 billion superannuation fund on April 8, working alongside the executive and investment management teams to shape and lead investment execution strategies. ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... suggests the amount paid by Australians accessing care should be determined by their personal wealth, including superannuation, rejecting the idea of an aged care levy. On the back of the Royal Commission into Aged Care Quality and Safety, the taskforce ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... anti-competitive behaviour in attempting to ban human resources technology platforms from offering employees choice of superannuation funds at the onboarding process. Employment Hero chief executive Ben Thompson is accusing Hostplus of asking the government ...

MetLife chair Geoff Brunsdon retires after 13 years

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... vacancy left by Wakefield-Evans elevation to chair. "... Julie is a welcome addition to the board with significant superannuation experience," Nunn said. Lander served as CareSuper's chief executive for more than 20 years and has over 40 years of experience ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... (SMC) has slammed a proposal by Shadow Minister for Housing Michael Sukkar to allow Australians to access their superannuation to buy their first home. The Shadow Minister said the Coalition was determined to help younger Australians achieve home ownership ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... entities in the allocation of key functions. The FAR will first target the banking sector from March 15. For the superannuation and insurance sectors, the regime will take effect on 15 March 2025. APRA and ASIC said they will soon consult on the proposed ...