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Showing 1051 - 1060 of 7378 results for "System"

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International ...

Future Super switches up service providers

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2023
Future Super will soon transition to both a new administrator and custodian, with new contracts taking effect next month. The new mandates follow Future Super transitioning away from Diversa, appointing Equity Trustees as its trustee in July. "Future ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... the total credit issued in Australia. The RBA noted that managed funds' debt instruments as a share of the financial system has declined since 2016 as the low-interest rate environment drove many to increase weightings to equities in search of higher ...

Consultation paper released on aligning super payments with wages

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
... and minister for financial services Stephen Jones said: "This simple change will strengthen Australia's superannuation system and help deliver a more dignified retirement to more Australian workers." Interested parties are encouraged to provide input ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... personal insolvencies. The report found that although the risk of insolvency is increasing, its impact on the wider financial system continues to be minimal. The RBA said Australian banks are profitable and hold capital and liquid assets in excess of ...

Dimensional launches Aussie fund to NZ market

JAMIE WILLIAMSON  |  WEDNESDAY, 4 OCT 2023
Dimensional has taken one of its local sustainability funds across the ditch, launching it as a portfolio investment entity (PIE) to New Zealand investors. The new PIE offering is based on the Australian Sustainability Trust which launched five years ...

Allianz Retire+ launches retirement solution for super funds

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... strategies and products that were effective in accumulating assets in Australia's acclaimed $3.5 trillion superannuation system won't adequately address the challenges faced in retirement. Taking on the self-professed responsibility to solve the retirement ...

AZ NGA acquires stake in $1bn advice firm

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
AZ NGA will acquire an undisclosed stake in a Western Australian practice that has $1 billion in funds under advice. The Wealth Designers (TWD) is the latest addition to AZ NGA's stable, joining member firms McKinley Plowman, Wealthwise, and On-Track ...

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... savings between platforms are typically longer than they should be. "Customers lose access to platform services due to system outages or other operational resilience failures. This is of particular concern when platforms are undergoing significant IT ...

Global insurers eye private markets, clean energy: BlackRock

ANDREW MCKEAN  |  FRIDAY, 29 SEP 2023
... risk as their primary macroeconomic concern. Over half of insurers (55%) foresee potential vulnerabilities in the banking system, a number that spikes to 77% for North American respondents. Meanwhile, in the APAC region, 55% of respondents expressed ...