Government cracks down on salary sacrifice loopholeBY EMMA RAPAPORT | FRIDAY, 14 JUL 2017 12:01PM
The Federal Government will take action to close a loophole that allowed employers to short-change employees who chose to make salary sacrifice contributions to their superannuation accounts.Read more: Superannuation, Salary sacrifice, Superannuation Guarantee, Loophole, Working Group, Industry Super Australia, Federal Government, Financial services, Kelly O'Dwyer, Matthew Linden
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women.
The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service.
OnePath has moved to enhance the abilities of financial advisers using its OneView Life client management portal.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|