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Showing 141 - 150 of 313 results for "S Scheme"

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
A bill amending retirement income legislation is now law, with several changes made to the legislative framework surrounding retirement income and social security receiving Royal Assent late last week. The Social Services and Other Legislation Amendment ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... accounts." "If the opportunity exists to do this, then it will happen," he says. Urquhart is concerned AustralianSuper's scheme sees existing members pay for a benefit they will never experience. "Essentially, existing members of the pooled fund are ...

LGIAsuper deputy chief executive departs

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
The $12 billion industry superannuation fund has confirmed the departure of its deputy chief executive. LGIAsuper confirmed Ian Harcla retired in December 2018. Harcla, who doubled as chief risk officer, joined the fund in 2006 as scheme secretary. ...

Advice associations combine for code monitoring

DARREN SNYDER  |  TUESDAY, 18 DEC 2018
A co-operative of financial planning and advice associations have agreed to deliver one code monitoring solution across their respective memberships as part of the wider commitment to lift ethical and professional standards. Signifying a rare moment ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
A new Bill backing the viability of retirement income has been tabled before Parliament. Introduced in Parliament on November 29, the Social Services and Other Legislation Amendment (Supporting Retirement Incomes) Bill 2018 proposes three main measures ...

AFCA creates small businesses ombudsman role

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
The newly established Australian Financial Complaints Authority (AFCA) will appoint an ombudsman dedicated to helping small businesses resolve disputes with their financial service providers. AFCA will consider complaints from small businesses with ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
The interest rate paid by banks on short-term deposits in superannuation fund accounts is significantly lower than similar deposits made by SMSFs, and new research estimates as much as $1 billion is being lost in potential retirement savings. According ...

What the 2018 Budget means for you

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
More changes to Australia's $2.6 trillion superannuation system, additional funding to the nation's financial services regulators, personal tax cuts and additional pensioner benefits are the major talking points of Budget 2018. The 2018 Budget is arguably ...

Baby boomers receive $259 million, pension work bonus lifted

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
Working baby boomers who also receive age pensions will now be able to earn up to $300 a fortnight before the Government starts to trim their pension payments. The 2018 Budget initiative formed part of Treasurer Scott Morrison's $258.6 million baby ...

Former NAB subsidiary flags merger with Virgin Money

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... CYBG was demerged from NAB in early 2016 after shareholders voted overwhelmingly in favour of a UK exit. At the bank's scheme meeting in Melbourne, NAB chair Ken Henry explained the demerger would be structured with a new holding company, CYBG PLC, taking ...