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Showing 1371 - 1380 of 18098 results for "Superannuation"

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... can have significant financial consequences for members who end up paying multiple sets of fees, eroding their superannuation balance over time. The regulator said in this case, approximately 90,000 AustralianSuper members were affected, with total cost ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other ...

Iress rejigs leadership team

ANDREW MCKEAN  |  WEDNESDAY, 9 OCT 2024
... UK. As deputy chief executive, Mitchell will assume additional operational responsibilities, including for Iress' superannuation business, alongside his existing portfolios of APAC wealth and UK wealth and sourcing. Price said Mitchell has proven himself ...

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
AustralianSuper has changed the way it invests deceased members' funds and refreshed the investment objectives for two options. As of October 1, AustralianSuper is moving account balances to the cash option after it is notified of a deceased member's ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
... the financial services industry has changed significantly over the past five years, particularly with changes to superannuation and with an increasing number of people wanting to manage their own retirement funds," he said. "Whether they're mum and ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... firm's authorised representatives contacted prospective clients and urged them to establish a self-managed superannuation fund (SMSF), rollover their existing super into the SMSF, and then invest it in highly speculative schemes tied to Hewish. Hewish's ...

AFCA consults on revised superannuation death benefits

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches superannuation death benefits in hopes to reduce disputes and misunderstandings when processing such complaints. This follows on from another consultation ...

Australia's best-performing super fund says no to crypto

ANDREW MCKEAN  |  FRIDAY, 4 OCT 2024
... CFS chief investment officer Jonathan Armitage believes it lacks the right characteristics to be included in a superannuation portfolio. Armitage highlighted the extreme volatility of these investments, noting that cryptocurrencies have plunged over ...

'Alarming' figure in retirement research

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
Only a third (32%) of Australians believe they would be able to save for their retirement without compulsory superannuation, according to a new survey from AustralianSuper. A third of Millennials (33%) and Gen X'ers (32%), as well as nearly one-in-five ...

ANZ, OnePath settle $50m class action

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
ANZ and OnePath superannuation customers may be entitled to get their super back after Slater and Gordon secured a $50 million class action settlement. The no-fault settlement was reached with ANZ and its former subsidiaries, OnePath Custodians (OPC) ...