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| | | ... having no proven track record, we will seek to allege clients were advised to invest most or almost all of their retirement savings into the fund, irrespective of their individual circumstances." Due to MWL being in administration, ASIC said its application ... |
| | | | ... compliance failures" by Interprac that thousands of Australians received poor financial advice, putting their retirement savings at significant risk. At 10.20am, following ASIC's announcement, Sequoia Financial Group - the parent company of Interprac ... |
| | | | ... said the solution will address one of the most pressing concerns for Australians - the risk of outliving their retirement savings. Citing UniSuper's Purpose Report 2025, 68% of Australians fear running out of retirement savings, leading many to restrict ... |
| | | | ... increasing equity across the fund. "The retirement bonus provides eligible members with a valuable boost to their retirement savings at a key transition point, helping them make the most of their super as they move into the pension phase," Elia said. ... |
| | | | ... women who are often the most at risk of poverty in retirement. "Allowing couples the scope to roll over existing super savings from the super fund with the higher balance to the fund with the lower balance to optimise tax treatment would also be a significant ... |
| | | | ... of SMSFs established under the recommendations of a financial adviser are unsuitable to their needs and put retirement savings at risk, an ASIC review reveals. Of 100 financial advice files investigated, 62 failed to demonstrate compliance with the best ... |
| | | | ... benefits program that offer curated discounts across retail, travel, and entertainment. "When members can access real-world savings on groceries, fuel, entertainment or experiences, their relationship with their fund begins to shift. Instead of seeing ... |
| | | | ... statutory minimum draw-down rates as a default," says Huppert. "That is, only drawing down the minimum to avoid running out of savings. The RIR concluded that if superannuation was consumed more efficiently in retirement, most people would have higher ... |
| | | | ... said the reform will go some way to address the problem of unpaid super, which sees more than $5 billion in retirement savings withheld from Aussie workers each year. "Payday Super is one of the most significant reforms to the superannuation system in ... |
| | | | ... world's 20 largest pension funds, but also one of the fastest growing among them. Members rightly expect their retirement savings to be managed by a highly skilled, world-class team," he said. "These changes increase the breadth of expertise on our ... |
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