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Reform implementation timeframe too short: AustralianSuperBY HARRISON WORLEY | WEDNESDAY, 17 JUL 2019 12:24PM
The Government's move to require superannuation trustees to stop providing opt-out insurance to new members under-25 or with low balance accounts by October 1 has riled Australia's largest fund.
Read more: Mine Super, AustralianSuper, Government, Australian Bureau of Statistics, House of Representatives, Members Interests First Bill, Parliament, Richard Land, Senate Economics Legislation Committee, Treasury Laws Amendment
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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
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.
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.
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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