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Budget measures to drive up super costsBY ALEX BURKE | MONDAY, 14 MAY 2018 11:25AM
The removal of exit fees and caps on passive fees charged by superannuation funds announced in this year's Budget may have unintended consequences.
Read more: Budget, Government, NGS Super, Financial Standard, Jonathan Steffanoni, Laura Wright, Scott Morrison, Treasurer, UniSuper, VicSuper
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
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COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test.
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Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest.
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A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19.
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