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Showing 1061 - 1070 of 13651 results for "Member"

SMSFs outperform APRA funds over five years: Research

MATTHEW WAI  |  WEDNESDAY, 12 FEB 2025
New research shows that self-managed superannuation funds (SMSFs) outperformed APRA-regulated funds by 1.2 percentage points per annum in the five years to June 2023. According to research from the University of Adelaide's International Centre for ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ...

Convicted adviser banned over $2m theft

MATTHEW WAI  |  MONDAY, 10 FEB 2025
Former financial adviser Lachlan King has been permanently banned by ASIC for stealing close to $2 million in client funds, including family members. The banning took effect on February 5, with Queensland-based King currently in prison after being convicted ...

Almost half of HESTA members retire involuntarily

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... flexibility for funds to shape their advice services to the needs of their members," Blakey said. "If super funds can consider a member's personal and household circumstances, such as any partner's income and super as well as any entitlements to Centrelink ...

AMP launching 'market first' digital advice solution for super members

ANDREW MCKEAN  |  FRIDAY, 7 FEB 2025
... said this can lay the foundation for more sophisticated digital advice journeys, leading actionable advice from within the member portal. "Now is the time to fast-track the shift to digital by incorporating advice into a superannuation fund's operations ...

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... fund said it was also reviewing a smaller group of beneficiaries who may have also been affected. AustralianSuper chief member officer Rose Kerlin said the fund would contact impacted beneficiaries and compensate them to restore their financial position ...

Mercer appoints chief investment officer from TelstraSuper

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... Davies said. Separately, TelstraSuper confirmed last year it will merge with Equip Super, which will create a profit-to-member fund with more than $60 billion in funds under management and over 225,000 members. The successor fund transfer is expected ...

One more vote needed for $3m super tax

MATTHEW WAI  |  THURSDAY, 6 FEB 2025
Despite being dropped from the Senate program today, the Better Targeted Superannuation Concessions Bill could soon be a reality, with the government needing to secure just one more supporter. The Bill was supposed to be debated in the Senate today ...

Cbus recruits lead for new core equities portfolio

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
Cbus has appointed an executive to manage a new portfolio of active large-cap Australian stocks as the fund steps up its push to bring more of its assets in-house. The $100 billion industry fund has appointed Cooper Investments veteran Ryan Riedler ...

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
A financial adviser who failed to provide appropriate superannuation contribution advice has been ordered by the Financial Services and Credit Panel (FSCP) to undertake further education. The adviser, referred to as "Mr. D", provided advice that led ...