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Showing 1271 - 1280 of 18106 results for "superannuation"

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... of a report put together by Deloitte looking into the issue. "He [Crumlin] was the chair of the worst performing superannuation fund in the country, according to APRA's data," Bragg said. "You have said he has extensive experience and oversight in ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
The Australian Prudential Regulation Authority (APRA) released its quarterly superannuation performance publication and quarterly MySuper statistics report for the September quarter, showing superannuation assets have passed the $4 trillion mark. Total ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... consumers more choice," Abood said. Tranche 2 of the DBFO reforms will open limited advice to NCAs who work for banks, superannuation funds, and life insurers. It includes the proposed rationalisation of the best interests duty and removal of the safe ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
APRA deputy chair Margaret Cole and ASIC deputy chair Sarah Court have sent a letter to superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... 50% to be paid between 12 to 26 months. Many investors were referred to third parties to establish self-managed superannuation funds to invest in the schemes. The court found that many of the 217 investors in the schemes were inexperienced in investing ...

Brighter Super makes fee, death benefit changes

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
Brighter Super is reducing administration fees from January 1, while also introducing a weekly account keeping fee. It's also changing the way death benefits are dealt with. Effective January, the annual percentage-based admin fee charged to Brighter ...

Commonwealth Super partners for admin uplift

JAMIE WILLIAMSON  |  WEDNESDAY, 27 NOV 2024
Commonwealth Superannuation Corporation will work with Novigi to consolidate all its systems into one administration platform under a new seven-year deal. Effective immediately, CSC is partnering with Novigi to modernise the way it's administered and ...

Ausbil to launch inaugural ETF

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... executive Mark Knight said. "By offering an ETF, we aim to cater to the growing demand from investors and self-managed superannuation funds seeking convenient and efficient access to our income-focused investment solutions." Strategy portfolio manager ...

Super funds 'playing to their strengths' in private markets

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... investment horizon and liquidity profile neatly align with those of private assets." The report said that due to superannuation being compulsory, super funds can count on a steady and predictable stream of cash inflow to provide appropriate liquidity ...

Hostplus ups fees, makes $125m investment

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
Hostplus has made changes to its investment fees and costs for FY23/24, increasing them between 0.06% to 0.16%. Members invested in the Conservative Balanced option and the Capital Stable option saw fees rise 10bps from 0.69% and 0.59%, respectively ...