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

Search Results

Showing 1201 - 1210 of 18363 results for "Superannuation"

Cbus increases insurance premiums

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Cbus will increase insurance fees for death and total and permanent disability (TPD) cover from July 5. Those aged between 15 and 25 will see their fees remain the same, but those in older age brackets will be paying slightly more each week. For members ...

Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Treasurer Jim Chalmers is remaining steadfast that the Labor government will legislate the 30% tax rate on superannuation balances over $3 million. "We've made that clear that we haven't changed our policy. We announced that policy more than ...

Vision Super defends new but 'archaic' policy

ELIZA BAVIN  |  TUESDAY, 13 MAY 2025
Vision Super has defended a policy not to share member information to anyone it believes are located offshore, however the way in which the fund allegedly determines the location of an individual has caused a stir. Lifestyle Solutions Financial Planning's ...

NZ Super appoints inaugural chief operating officer

MATTHEW WAI  |  TUESDAY, 13 MAY 2025
The Guardians of New Zealand Superannuation, manager of NZ Super Fund, has promoted Paula Steed to the newly created position of chief operating officer. The appointment combines Steed's current role of general manager technology and general manager ...

Daniel Mulino takes over financial services portfolio

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... "We will also encourage the government to go back to the drawing board on its planned tax on unrealised gains in superannuation balances over $3 million. This policy has significant issues that need to be addressed, as it is likely to incur higher administrative ...

HESTA sells out of MinRes after failed engagement

JAMIE WILLIAMSON  |  MONDAY, 12 MAY 2025
HESTA divested its remaining shareholding in Mineral Resources (MinRes) following the resignation of the miner's entire ethics and governance committee just six months after it was established. The $89 billion fund put MinRes on watch in October last ...

Prime Super to change admin fees

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
Prime Super has announced changes to its administration fees and costs, which will take effect from 1 July 2025. For accumulation accounts, the fixed administration fee will decrease from $1.53 per week (subject to a 15% tax rebate) to $1.50 per week ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... market share. AIA is second with 23%, followed by MetLife with 19%. There are a total of eight insurers serving the superannuation industry, including ART Life, Hannover Re, MLC, Resolution Life and Zurich.

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
... January of this year, the fund noted that the transition period impacted its ability to "promote and generate new superannuation business at our normal rate". NGS Super announced in January 2024 that it would transition to GROW and the transition was ...

ART extends exclusions in Socially Conscious option

ELIZA BAVIN  |  MONDAY, 12 MAY 2025
Australian Retirement Trust (ART) will extend its list of exclusions for the Socially Conscious Balanced option to also apply to direct investments in listed corporate-issued debt in fixed income investments. The change, which comes into effect July ...