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Showing 1211 - 1220 of 4847 results for "super funds"

ACCC merger reforms may impact super industry

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
... that not only does the ACCC have the power to prevent mergers in the superannuation sector, but it can do so even if super funds have been under pressure to consolidate from other regulators. "The ACCC has a role in reviewing and preventing mergers that ...

Public sector super satisfaction rises

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... Satisfaction Report revealed member satisfaction in public sector funds reached a high of 75.7%, ahead of self-managed super funds by a slim margin of 10 basis points in the six months to January 2021. Across all sectors satisfaction with superannuation ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
Self-managed super funds that borrowed from a private company under a limited recourse borrowing arrangement (LRBA) will not suffer adverse tax consequences if the loan interest has been capitalised because of COVID-19. This recent announcement by the ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... their mergers." SCA director Xavier O'Halloran said it is clear that in superannuation size matters. "Responsible super funds are looking to find merger partners so they can pass efficiency gains on to members in the form of lower fees," O'Halloran ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
The corporate regulator continues to hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... whether the bank's super fund investors were likely to sell out soon : "We have a very clear relationship with our super funds on the level of return they would like to see. We're certainly achieving that on an underlying basis, we would have ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
Woodside Petroleum's annual results, with a $US4.028 billion net loss for 2020, are food for thought for super funds, according to divestment activists. Several of Australia's largest super funds have significant holdings in Woodside. It appears ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... to go towards a home deposit is an unfair system. "Australians shouldn't be serfs to their own super - if Big Super funds can use your money to buy homes they own, fund members should be able to use their money to buy a home," Wilson said. "Banning ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under ...

Cbus hires new group executive

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 FEB 2021
... joining the Cbus executive team in this important role at such a critical time of growth for the fund and for industry super funds in general," Miller said. "I believe that with Cbus' strong member focused culture and depth of talent, we are well ...