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Showing 171 - 180 of 778 results for "Super members"

Super to be paid on parental leave from July 2025

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... payment was to be equivalent to the value of their super entitlement. Its attempts were met with criticism, with Super Members Council saying allowing superannuation to become optional undermined the policy's intent altogether, being to boost the super ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... quarterly. Treasury estimates some 8.9 million employees will benefit from higher retirement savings as a result; Super Members Council estimates show the average affected worker misses out on $1800 in super each year, or $30,000 at retirement. Under ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... fee. MLC Super said its modelling shows most members should save about $100 per annum as a result of the fee cuts. Super members with a balance of $250,000 will save $375 each year on average, it said. "As the largest payer of pensions outside of the ...

HESTA lowers insurance fees

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... several insurance fee changes with most members paying less from September 28. For most HESTA Super and HESTA Personal Super members, the super fund said insurance fees will reduce by at least 3.2% for unitised cover and 2.5% for fixed cover, regardless ...

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... so; should they need immediate support with the costs of caring for their newborn they have that choice too." The Super Members Council (SMC) said the Coalition's support for paying super on Commonwealth Parental Leave Pay is very welcome - but its ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... Australians - particularly lower income earners can experience a dignified retirement," she added. Earlier this week, Super Members Council (SMC) called on all Senators to pass the bill swiftly. The SMC said the bill would serve as a "guiding light for ...

Super fund merger prompts investment changes

ANDREW MCKEAN  |  TUESDAY, 3 SEP 2024
... reduction roadmap will be recalibrated to ensure it's "fit-for-purpose" for the merged fund's portfolio. Spirit Super members will continue to have access to general and personal advice on some matters relating to their superannuation account ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... Australians are being cheated out of $5.1 billion annually in superannuation, according to an analysis from the Super Members Council. SMC modelling showed that nearly three million people were denied $5.1 billion in superannuation entitlements in just ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
Super Members Council chief executive Misha Schubert has defended the selection requirements for superannuation fund boards in the wake of the CFMEU scandal. Schubert said the shared governance model of profit-to-member funds was created with a "clear ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
... abuse indirectly contributed to a victim's death. The Association of Superannuation Funds of Australia (ASFA), Super Members Council (SMC), and Women in Super have appealed to assistant treasurer Stephen Jones and other "key ministers" to reform ...