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Showing 1871 - 1880 of 18113 results for "superannuation"

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
Mercer, AustralianSuper, Hostplus, UniSuper, and Brighter Super recorded the largest growth in member numbers, according to new analysis from Perple - People Performance, underscored by mergers and stiff competition. Using APRA data of the 2022-23 financial ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... class action on behalf of Rest members who may have had income protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled new members in income ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... willing to seek professional advice to do so, a new Financial Services Council (FSC) survey finds. The poll of 2500 superannuation members conducted by C|T Group found that an overwhelming majority want to be the masters of their own fate when it comes ...

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Compensating Dixon Advisory and Superannuation Services (DASS) victims continues to eat up the Australian Financial Complaints Authority's (AFCA) time and resources, so much so that a "lead decision" has been published to expedite the process. The complaints ...

Aware Super builds out BTR portfolio

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
The super fund's real estate business will build 135 apartments in Sydney's inner south, its latest build-to-rent (BTR) venture. The new development, in Sydney's Zetland, is the 11 th site Aware Real Estate has committed to, with a further five sites ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... within 12 months. Her appointment is effective from May, and she will receive a base salary of $850,000 inclusive of superannuation. She will also receive $700,000 as a sign-on bonus, to be paid in two parts, the first within seven days of commencing ...

MDA authorisations remain steady amid exodus

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... (+2.6%)," Dunnin explained. "The reduction in adviser authorisations for deposit and payment products as well as superannuation have seen declines mirroring adviser exits, with 23.7% and 23.2% declines respectively." However, while superannuation authorisations ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
A former financial adviser who was jailed for stealing more than $1 million from his clients' superannuation to feed a gambling problem is now permanently banned from the industry. In September 2023, Mark Raymond Sebo was found guilty of misappropriating ...

Challenger overhauls IT, awards mandate

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... customer reach, Challenger said the partnership will enable it "to improve how it integrates its offering with superannuation funds and platforms, helping to position the business as the retirement partner of choice." "With an improved service, the speed ...