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Showing 1701 - 1710 of 4851 results for "Super funds"

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
... excess fees charged over 3%. APRA wants trustees to refund members any excess fees no matter how small the amount. Super funds should not mistake members making investment changes as a sign of activity, APRA warned. An inactive account means no contributions ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... and divert low-balance accounts deemed to be dormant for longer than 16 months to the Australian Tax Office, some super funds face losing a significant portion of ongoing revenue. Several super funds, such as BUSSQ, have increased administration fees ...

Advice affordability a growing concern

HARRISON WORLEY  |  FRIDAY, 28 JUN 2019
... administration end up on the primary platform, while just a quarter sit on the secondary platform. He also said industry super funds were seeing growth among planners, with 9% of planners allocating client inflows to industry fund platforms so far this ...

Superannuation fund cuts fees

HARRISON WORLEY  |  THURSDAY, 27 JUN 2019
... younger and lower balance members," Verwey told Financial Standard. "Yet, Future Super seems to be one of the very few super funds who are responding by further reducing fees and costs. In fact, most big industry funds seem to be increasing their fees ...

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
MySuper could soon surpass self-managed super funds as the preferred retirement savings vehicle for Australians, a new Rainmaker report shows. Using the latest APRA data, Rainmaker's MySuper Report found the MySuper asset pool hit $713 billion at ...

Industry funds could solve energy crisis: ISA

HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
... otherwise intractable problems". "In the event of continued stand-offs on energy policy making, far-sighted industry super funds can play a role," Combet said. "With the best interests of their members at heart, industry super funds have the purpose ...

Superannuation reforms underway

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... guidance on how retirees drawdown their savings upon retirement, she said, noting that the review will ultimately prompt super funds to develop a retirement income strategy for members. Funds will need to consider members' retirement income needs ...

Aberdeen Standard hires retirement head

HARRISON WORLEY  |  THURSDAY, 20 JUN 2019
... Malaysian sojourn Nyilas was a partner at EY Australia, advising the firm's clients - the wealth arms of the big banks and super funds of all persuasions - on retirement, wraps, mergers and acquisitions and "other transformation areas." Nyilas also spent ...

MAX awards recognise industry excellence

HARRISON WORLEY  |  FRIDAY, 14 JUN 2019
... what we said last year, we encourage them to harness their role to restore consumer trust and serve their clients - super funds, financial advisers, end-investors - well," she added. The voting phase of the awards attracted more than 14,000 votes in ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
... occasions in accepting referral benefits from a real estate agent who sold property to the firm's clients via self-managed super funds established under its guidance. Beginning civil penalty proceedings in the Federal Court yesterday, ASIC alleged The ...