Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1081 - 1090 of 11084 results for "Members"

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
ESSSuper Income Stream members will see a 33% increase in their administration fee cap due to higher costs borne by the superannuation fund. From November 1, the super fund will increase its annual administration fee cap for Income Stream accounts from ...

Inquiry urges government to consider paid reproductive leave

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2024
... leave and domestic violence leave," Finance Sector Union national secretary Julia Angrisano said. "It's clear from our members that too many women are struggling to balance the often-hidden symptoms of menopause and menstruation with their paid work." ...

Super for housing to exacerbate affordability crisis: Eslake

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... to the Budget, according to a Corinna Economic Advisory report by Saul Eslake. In the report commissioned by the Super Members Council (SMC), Eslake said that decades of evidence clearly show that when housing demand outstrips supply, policies which ...

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... payment was to be equivalent to the value of their super entitlement. Its attempts were met with criticism, with Super Members Council saying allowing superannuation to become optional undermined the policy's intent altogether, being to boost the super ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
The government is consulting on new regulations to relax restrictions on legacy superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... quarterly. Treasury estimates some 8.9 million employees will benefit from higher retirement savings as a result; Super Members Council estimates show the average affected worker misses out on $1800 in super each year, or $30,000 at retirement. Under ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... effect of the proposed Division 296 tax. The 2024 Annual Benchmark Report dives into potential tax liability for Class members if the legislation passes, which could incur an additional tax of over $825 million collectively for its 16,531 high-balance ...

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
The Association of Superannuation Funds of Australia (ASFA) has launched of the ASFA Financial Crime Protection Initiative (FCPI), a project designed to bolster the superannuation sector's defences against the growing threat of financial crime. In collaboration ...

TelstraSuper picks Equip for merger partner

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... Memorandum of Understanding with Equip Super. If successful, the merger would create a $60 billion fund with more than 225,000 members in late 2025. "Both funds have a proud history in serving the superannuation needs of a wide range of members including ...