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Insignia completes MLC, NAB separation

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... being Insignia Financial's separation of the Pensions and Investments business from ANZ in 2022." He added that Insignia can now simplify its Master Trust capabilities and shift its focus to FY26 priorities, including its goal to save $200 million per ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... has come to the realisation that they don't have the support of the Senate cross bench to get this bill through, and they now have other priorities," Burgess said. "This is consistent with our own observations and discussions with members of the Senate ...

Gensler to leave SEC in January

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... regulation of cryptocurrency. Most cryptocurrencies have surged on the back of Trump's election win, with the price of Bitcoin now over $150,000. Bloomberg reported recently that Trump is expected to create a White House role dedicated to overseeing ...

Performance the best member retention tool: Mine Super

MATTHEW WAI  |  FRIDAY, 22 NOV 2024
... "Operational resilience is the big thing that has been coming through the last 10 years, and with CPS 230 the regulators are now landing the plane in relation to the training standards around how we manage these pension funds," Nair said. Historically ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... not be able to deliver the service with the speed, care and empathy members expect." Kerlin added that AustralianSuper has now streamlined its approach in dealing with death claims. "All death claims are now managed internally, and all beneficiaries ...

Future Fund to back energy transition, residential housing

JAMIE WILLIAMSON  |  THURSDAY, 21 NOV 2024
... housing in Australia, and improving infrastructure including economic resilience ad security infrastructure. While priorities now, they are not new areas of investment for Future Fund. The fund has had a climate focus for some time, having been committed ...

Australian Unity Office Fund to be wound up

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... This was first flagged in August when it offloaded the Canberra asset. It has been selling down the portfolio for some time now after independent valuations shaved tens of millions off its value. "If approval for the delisting is obtained, AOF is expected ...

JBWere restructures, chief executive exits

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... well." Prior to JBWere, Lykouras was at Commonwealth Bank for 10 years and worked across various leadership roles within the now defunct financial advice business. She has also held senior roles at BT Financial Group and Count Financial. In a profile ...

Australians satisfied with super performance: ASFA

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... retirement or as a means of preventing reliance on the Age Pension. Just 4% said they'd rather have access to those savings now for personal use; they were typically located in regional and rural areas. "This research clearly shows Australians are ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... of Superannuation Funds of Australia conference, ASIC commissioner Simone Constant said she had chosen to write to trustees now as "this is too important to wait." "From [claimants'] perspective, the clock starts the moment they contact you about the ...