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Showing 121 - 130 of 890 results for %22Superannuation Guarantee%22

Super fund member meetings under the spotlight

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... environmental, social and governance considerations; fund performance and fees; the impact of COVID-19; and the superannuation guarantee. As a result, ASIC expects improved practices across all super funds in three main areas. As good practice, they ...

SMSF fraudster loses appeal

ANNABELLE DICKSON  |  FRIDAY, 23 JUL 2021
... has dismissed an appeal by former property developer Craig Gore who was found guilty of defrauding self-managed superannuation fund investors. In November 2020, Gore was sentenced to five years' imprisonment with a non-parole period of two years ...

Retirement Income Covenant paper released

KANIKA SOOD  |  TUESDAY, 20 JUL 2021
... plans to have the covenant come into effect in July 2022. The new paper, released July 19, proposes a framework for superannuation funds to develop retirement products for their members. "The covenant will place a key obligation on trustees to formulate ...

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... contributed into their superannuation accounts through the year, six-times the amount of all the compulsory Superannuation Guarantee contributions or 17-times what was paid in fees." Cbus highlighted this week that its MySuper financial year returns ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
The new superannuation guarantee rate of 10% will benefit 6.7 million workers, with the younger and lower-income Australians to benefit the most, according to Industry Super Australia. ISA says the average worker will contribute $233 a year extra to ...

Millennials to reap super reform rewards

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... in retirement, according to Colonial First State. Analysis from the institution shows increases to the superannuation guarantee will boost a 35-year-old's super balance by $86,000. If they were to also take full advantage of July 1 changes to the concessional ...

Cbus invests in NHFIC issues

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
Cbus Super has invested $51 million in two recent funding rounds from the National Housing Finance and Investment Corporation (NHFIC), taking the fund's total allocation to social and affordable housing to about $140 million. Cbus invested $10 million ...

SG increase to self-fund retirement

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
The latest figures from the Association of Superannuation Funds of Australia (ASFA) show the Superannuation Guarantee increases will double the number of Aussies reaching a comfortable standard of retirement. As of July 1, the SG rate will rise from ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... Association of Superannuation Funds of Australia (ASFA) showed businesses can afford to pay the increase of the Superannuation Guarantee without cutting the wages of employees. As of July 1, the SG rate will rise from 9.5% to 10% and ASFA argued the ...

Poor financial literacy failing young workers

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... do not know how to calculate interest on investments. One in four young workers do not know what the Superannuation Guarantee is and how much their employers should be contributing to their super. Incidentally, this cohort do no know if they are receiving ...