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Showing 1801 - 1810 of 22871 results for "Super"

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... members of approximately $69 million. ASIC's lawyer has asked the court to impose the massive $27 million penalty against the super fund, saying it reflects the length of time the contraventions continued for and that it would act as a deterrent to other ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... (CPI) and this lack of indexation will disproportionately impact younger Australians," Tink argued. "For the Australian super system to work, it's important people have confidence in the reliability and consistency of settings... but the inclusion of ...

Iress rejigs leadership team

ANDREW MCKEAN  |  WEDNESDAY, 9 OCT 2024
... has promoted Harry Mitchell to deputy chief executive, effective immediately. Mitchell, who joined Iress in last year from super fund administration platform Recreo, previously served as group executive for APAC and the UK. As deputy chief executive ...

AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... level, investment returns may be lower than the returns of the previous investment option(s) you held before you died," the super fund told members. "There is no change to the way death cover insurance proceeds are invested. If you have death insurance ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
Pride Advice has acquired two firms, flagging there is more "room for growth to come." The acquisitions of Adelaide-based Flexible Lifestyle Solutions and Serious Money have expanded Pride Advice's team from four to 11 advisers and to 30 supporting ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... contacted prospective clients and urged them to establish a self-managed superannuation fund (SMSF), rollover their existing super into the SMSF, and then invest it in highly speculative schemes tied to Hewish. Hewish's 10-year ban stemmed from his ...

AFCA consults on revised superannuation death benefits

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
... life insurance disputes opened earlier last month. AFCA encourages stakeholders to review the revised approach document on super death benefits, which includes minor clarifications to guidance on handling complaints about the distribution of the benefits. ...

Australia's best-performing super fund says no to crypto

ANDREW MCKEAN  |  FRIDAY, 4 OCT 2024
Colonial First State (CFS), the best-performing super fund of the last financial year, has ruled out the idea of adding crypto to its investment portfolio. Despite its popularity, with nearly five million Australians owning crypto, CFS chief investment ...

AustralianSuper expands US footprint, names executives

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... named the lead for its Americas unit who is joined by a new head of fund services hailing from BlackRock. The $342 billion super fund promoted Mikaël Limpalaër as the head of Americas, having served as head of European private credit since 2020. Limpalaër ...

'Alarming' figure in retirement research

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... nearly one-in-five Boomers (19%) reported they would have between zero and $10,000 saved if they didn't have compulsory super. The research said "alarmingly" 15% of Australians reported they would have no retirement savings at all if they didn't have ...