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Showing 1411 - 1420 of 22869 results for "Super"

ASIC, ASFA spar over super fund trustees 'not knowing' their business

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... AustralianSuper's alleged delayed processing of nearly 7000 death benefit claims and its failure to merge multiple accounts, Aware Super charging fees for no service, Westpac/ BT incorrectly charging insurance commissions to members, and Colonial ...

Cost to maintain comfortable retirement increases

MATTHEW WAI  |  WEDNESDAY, 12 MAR 2025
... retirement in the quarter, ASFA said, but retirees have offset some of these shortfalls through strong investment returns in super in 2024. Further, the peak industry body found that most balanced options in super have returned at least 10.5% in the ...

ETF market dips but bright spots emerge

MATTHEW WAI  |  WEDNESDAY, 12 MAR 2025
The $3.11 billion net flows in February struggled to boost the Australian ETF market's position, with funds under management (FUM) dropping to $255 billion, according to VanEck's monthly ETF data. February marked the eighth consecutive month ...

Super doesn't have to be 'boring', but innovation is key

ELIZA BAVIN  |  WEDNESDAY, 12 MAR 2025
Leaders at Aware Super, NGS Super, Rest and AMP have all pointed to slow moving systems as standing in the way of innovation while speaking at the AM Tech Day conference in Sydney. AMP group executive, platforms Edwina Maloney said traditional thinking ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
Australia's largest super fund is being sued by ASIC over the delayed processing of close to 7000 death benefit claims, with some beneficiaries left waiting four years for a payout. The regulator has commenced federal court proceedings against AustralianSuper ...

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI  |  TUESDAY, 11 MAR 2025
... Burgess has called out recent hawking practices that prompt people to transfer their retirement savings into a self-managed super fund (SMSF). Burgess said the sector needs to be on alert about the resurgence of "nefarious" activity. Anti-hawking laws ...

Data is our biggest challenge: Aware Super

ELIZA BAVIN  |  TUESDAY, 11 MAR 2025
Aware Super is around 18 months into a two-year project to ensure it has more robust and reliable data which can be used to inform better investment decisions. In March 2023, Aware Super head of income and markets Michael Clavin spoke to Financial Standard ...

Gender parity in financial services an economic imperative

KARREN VERGARA  |  MONDAY, 10 MAR 2025
The financial services industry has made modest inroads with gender parity, and closing the wealth and financial literacy gap, but the reality is accelerated action is needed from the government and private sector to tackle entrenched inequalities as ...

Three in five women lack retirement confidence

ELIZA BAVIN  |  MONDAY, 10 MAR 2025
... among women when it comes to achieving their retirement goals. "We know that most women are unaware of what assets their super is invested in, which suggests lower levels of engagement with their super. It's crucial that any efforts to help women ...

Beware creep of cancel culture into super fund governance: Lawyer

ANDREW MCKEAN  |  FRIDAY, 7 MAR 2025
... standards, standing ready to work with the regulator. "Australia's superannuation sector manages close to $4.2 trillion of super contributions to help members achieve a dignified and enjoyable retirement. That's a huge responsibility and one ...