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Showing 1721 - 1730 of 4851 results for "Super funds"

Prime Super drops admin fees

KARREN VERGARA  |  MONDAY, 3 JUN 2019
... members with low balances. "There has been speculation that the Protecting Your Super reforms will force fees up as super funds are required to transfer large numbers of inactive account balances to the ATO," he said. The fund charges a $1.30 admin fee ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
... surveillance found he failed to act in the best interests of clients, including advising them to set up self-managed super funds with "completely unsuitable" limited recourse loans. According to the corporate regulator, advice reviewed during Renneberg's ...

Super funds can spearhead infrastructure: Expert

HARRISON WORLEY  |  WEDNESDAY, 29 MAY 2019
... Hume's ministerial appointment, Thomas suggested Australia's level of infrastructure investment could see super funds take a stronger lead. "Super funds are heavily in the infrastructure space, but are they able to take more of a lead? A bit ...

Industry funds temper inflows post-Royal Commission

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... reflected in APRA's latest superannuation statistics. The prudential regulator's March 2019 figures show retail super funds ($623.4bn) grew by 5.8% over the quarter, while industry funds' assets ($677.5bn) rose by 7.6%. SMSFs ($746.6bn) continue ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... year. The regulator first issued tender documents at the end of 2018, specifying it would only consider bids from super funds with assets in excess of $10 billion unless they could demonstrate an ability to reach that milestone by July 2021. The ability ...

Government to revisit retirement incomes

KARREN VERGARA  |  MONDAY, 27 MAY 2019
... the right mix of skills and experience to represent super fund boards; establishing a 'best in show' list of super funds; and for members under 25 years of age to be able to opt-in to group insurance. The Productivity Commission deliberated in ...

Industry pledges Uluru statement support

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
... Islander leaders who met at the foot of Uluru to sign the statement. Sunsuper and AustralianSuper were the only two super funds to sign the statement. Sunsuper chair Andrew Fraser said: "We believe supporting the statement and rightfully acknowledging ...

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
... variable and sporadic, many funds would struggle to pass a sound member outcomes test in this area." The calculators many super funds offer members to project their benefits at retirement don't take into account the members individual circumstances and ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its findings on CBA, worried they too may not be managing non-financial risks appropriately. ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... underperform profit-to- member funds on average; Are highly engaged with their funds (61%); Believe all of the major super funds charge the same amount of fees (31%); and Emphasise the importance of their account balance is increasing over paying attention ...