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Showing 171 - 180 of 2346 results for "Employer"

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... started with an opening balance of $10,000 and had a closing balance of $15,000 at the end of the financial year. The employer contributed $5000. The super fund's balanced option earned 8% in the last financial year. The member questioned why a super ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... projects funded by Cbus, claiming to have insider influence. Cbus, which has a 14-member board comprising an equal number of employer and union directors, including three CFMEU representatives, has since come under scrutiny for possible conflicts of ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
UK regulators have proposed rules for a new 'Value for Money' framework for default workplace defined contribution pension schemes, which has been likened to an "evolved version" of the APRA performance test. The joint framework, developed by the Financial ...

Vision Super closes property, infrastructure options

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2024
Vision Super is closing its Property and Infrastructure options, while also removing the asset classes from one of its balanced offerings. Effective October 4, Vision Super's Property and Infrastructure options will be closed to members, with Vision ...

Cbus strategy chief exits

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... corporate strategy and development, investment strategy and innovation, strategic investments, investment relations, employer acquisition and retention, business insights, and data and analytics," Cbus chief executive Kristian Fok said. "Alexandra is ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
... funds." "There is ongoing wide variation of performance across pension providers, where individuals are reliant on their employer to choose a pension scheme on their behalf yet face the impacts of poor investment performance. This will only get worse ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
A Western Australian financial adviser was permanently banned after he lied to his employer and clients about having passed the Financial Adviser Exam. Dashiel Benjo Vee, also known as Dash Vee, is banned from providing financial services, controlling ...

Job mobility falls for first time in three years

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... Bjorn Jarvis said in the 12 months to February 2024, around 8% of employed people, or 1.1 million people, changed their employer or business. "This was down 1.5 percentage points from 9.6% in February 2023 and back to around what we typically saw during ...

Colonial First State reports strong super returns

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
... State (CFS) has posted double digit returns for its MySuper balanced and growth funds during FY24. CFS's FirstChoice Employer Super balanced fund (MySuper Lifestage 1965-69) achieved a 12.1% return, while its FirstChoice Employer Super growth fund (MySuper ...

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
... Act (TAA), therefore it has its ordinary meaning under common law. "In most cases, it will be self-evident whether an employer and employee, or principal and independent contractor, relationship exists," the ATO said. "However, it is sometimes difficult ...