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Showing 181 - 190 of 460 results for "Your Super"

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
QSuper says the Your Future, Your Super bill's proposals may result in higher operational costs at superannuation funds and delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
... arrangements, and fees and costs. The reporting framework now includes updates to facilitate the proposed Your Future Your Super amendments. APRA deputy chair Helen Rowell said the completion of phase one will be a major step in the regulator's efforts ...

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... statement back in December last year when responding to the Morrison government's announcement of the Your Future, Your Super reforms package. ISA had said the reforms package will benefit the big banks and for-profit super sector allowing them to take ...

PYSP reunites $4.3bn of lost super

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
The Protecting Your Super Package legislation which asked super funds to hand over inactive accounts to the Australian Taxation Office (ATO) has returned $4.3 billion to members in about 17 months. Between 1 November 2019 and 28 February 2021, nearly ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation currently sitting before parliament, will force trustees to prove they are acting in the best financial interests ...

Women need to rebuild super: AMP

ELIZA BAVIN  |  MONDAY, 8 MAR 2021
... who have withdrawn funds as part of the early release program is to take stock now, and start taking steps to rebuild your super balance," she said. "Our super system is a purpose built, tax friendly way of building long-term retirement wealth. It's ...

Super fund halves admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAR 2021
... assets in smaller amounts but more often from age 51. On the latter, Mine Super said: "This is an important change as your super won't automatically make sharp and sizeable shifts throughout your working life from one investment option to another." For ...

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... clients, and shorting shares creates a lottery," Rennick said. "If the day you come to retire and have to cash out your super to pay off your home loan is the same day a super fund happens to shorts shares because, at the same time, a fund manager has ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... super funds investing in affordable housing is that it could become a reality if the parliament passes the Your Future, Your Super legislation. Fringe backbenchers will soon have the power to pressure the minister to ban any type of super fund investment ...