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Showing 211 - 220 of 747 results for "Senate 67"

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
MLC is switching its default superannuation product from single strategy to lifestage. It's also increasing its allocation to growth assets. MLC MySuper currently has a 70% allocation to growth assets like stocks, property and infrastructure and ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
Of the 28 funds identified by APRA as candidates for merger in the last 12 months, at least 13 have moved to do so. And a further three could also be headed for the exit door, APRA chair Wayne Byres said. Appearing before the Senate Economics Legislation ...

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
Legislative reforms that will see group life insurance offered to under-25 year olds and those with low account balances on an opt-in basis will be tabled in Parliament today. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
AMP will take a $30m hit to the hip pocket if it is forced to send 370,000 low balance super accounts to the ATO. Following the Senate passage of the Government's centerpiece superannuation legislation late last week, AMP informed the market it would ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
Kenneth Hayne's recommendation that every Australian have only one default superannuation account over their lifetime doesn't get a complete green tick from industry funds. Visiting Sydney yesterday, Industry Super Australia chief executive Bernie Dean ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
The Government's signature superannuation legislation passed through the Senate, but not without victims. Last night the Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018 passed the Senate after a deal was struck with the Greens ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
The Federal Government has amended the SIS Act and some of its superannuation bills to include recommendations made in the Royal Commission's final report. Superannuation fund trustees are set to be banned from treating employers in efforts to be ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
Nearly two weeks after the Productivity Commission unveiled its final report, has its push to overhaul the superannuation system fallen on deaf ears? Two legal experts discuss what could happen next. Following a three-year review that produced 31 recommendations ...

New super fund to secure female financial security

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
A new superannuation offering launched this week. Its investments exclude companies that don't commit to adding women to their boards; and it refuses to charge administration fees to members on parental leave. Verve Super is aiming to tackle an ...

Government amends key super reforms

JAMIE WILLIAMSON  |  WEDNESDAY, 14 NOV 2018
Amending the Protecting Your Super reforms, the Federal Government has made an exception to the opt-in life insurance changes to ensure coverage for Australians working in dangerous occupations. Addressing delegates at the 2018 ASFA Conference, Assistant ...