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Showing 221 - 230 of 4497 results for "Saving"

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
While financial services organisations may be comfortable with taking risks, certainly when it comes to investing, there are other types of risks they're not so familiar with. It may be 2025, but we continue to consistently see examples of organisations ...

RBA's Hauser warns super funds of $1tn FX risk

ELIZA BAVIN  |  WEDNESDAY, 17 SEP 2025
Reserve Bank of Australia deputy governor Andrew Hauser has issued a stark warning about the superannuation sector's growing foreign currency exposure, which he said is tipped to reach $1 trillion in value over the next decade. Hauser noted Australian ...

Australian investors undeterred by global market turbulence

ANGELIQUE MINAS  |  WEDNESDAY, 17 SEP 2025
... for financial stability. Similarly, the Fidelity study revealed 52% of Australians have the primary investment goal of saving for retirement, while 50% identified financial independence. Sharesies co-found and co-chief executive Brooke Roberts said ...

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
... those in their 20s and 30s today due to inflation. "The threshold must be indexed. Superannuation is designed for long-term saving, and policy should reflect long-term impacts and provide certainty," Chen continued. "Ultimately, reform of superannuation ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million. The class action was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 ...

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
Responding to the Australian Financial Complaints Authority (AFCA) consultation on Approaches to Family Violence and Financial Abuse of Older People, Super Members Council (SMC) is calling for greater safeguards for Australia's vulnerable, ageing population. ...

NGS Super moves to make admin fees more equitable

JAMIE WILLIAMSON  |  THURSDAY, 11 SEP 2025
About 80% of NGS Super members will benefit from fee savings when it transfers its administration function to Grow Inc. next month. As reported by Financial Standard, after a lengthy delay NGS Super is getting ready to transfer administrators. The move ...

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
Receivers have been appointed to two related entities of Australian Fiduciaries following a Federal Court hearing this week. About $167 million is tied up currently, belonging to about 600 investors who placed their retirement savings in the Global ...

Brighter Super to add 68k new members

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
Brighter Super is about to undertake a successor fund transfer that will see its membership swell by 25%. On October 1, Brighter Super is set to take on several risk-only products currently housed under Zurich's OneCare Super. There are about eight ...

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
As superannuation fund assets continue to hit record highs, with AustralianSuper leading the pack at $387.6 billion, the number of inactive accounts is also ballooning, APRA's latest statistics reveal. APRA superannuation fund data for June 2025 ...