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

Search Results

Showing 121 - 130 of 424 results for %22Super consolidation%22

APRA pushes for super fund consolidation

JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
APRA has urged all superannuation funds to be more proactive in considering their options, saying that while COVID-19 will pass, its impact will be felt for far longer and funds will soon run out of excuses. Over the past seven years, the number of ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... Australians to be drastically reduced, according to a new report. Management consulting firm Right Lane is calling on high-cost super funds to urgently wed themselves to another fund or "face the consequences", as COVID-19 squeezes the industry. The ...

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... Jane Eccleston has written an article pointing to financial advisers as part of the problem in scams targeting people's super amid COVID-19. Eccleston said: "ASIC is concerned that some advisers may use the current uncertainty from COVID-19 as part of ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... funds are no longer set to dominate the superannuation industry, as COVID-19 changes the race to the top. KPMG's latest Super Insights report shows industry super funds are no longer on track to takeover SMSFs as the biggest sector in Australia's superannuation ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... Measures No.1) bill through both the House of Representatives and the Senate, ensuring the tax relief granted to merging super funds is now permanent, rather than a temporary measure. Previously, fund members may have faced a Capital Gains Tax liability ...

Law firm bolsters financial services team

ELIZA BAVIN  |  FRIDAY, 15 MAY 2020
... sector firms are facing significant regulatory change, more aggressive regulators using more dynamic supervision, consolidation, competition from technology firms entering the financial sector and with the opening up of the banking sector, and an increased ...

Darwinian time for super

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
... superannuation funds will survive, according to Hostplus' Paul Watson. Appearing as part of a virtual panel discussing mergers in super, Hostplus group executive member experience Paul Watson described the current period facing Australia's superannuation ...

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... restrictions - for example travel, airlines or hospitality. In these industries where so many have been made unemployed, super funds without diversified member bases will face several problems at once - they will lose SG contributions, have fewer new ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... required to remain a member of AFCA for the next 12 months. In one of two other cancellations, ASIC canned the license of Your Super Life, an organisation that assisted with the consolidation of super funds and establishment of SMSFs. "You Super Life ...

Super women: Female-led funds on top

ALLY SELBY  |  FRIDAY, 6 MAR 2020
Super funds with female trustees and female leaders can boost their member's super by $100,000 over their working life. That's according to the latest data coming out of Rainmaker Information, which found that female-led funds with MySuper products ...