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Showing 221 - 230 of 4771 results for "Super funds"

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... landmark prudential standard CPS 230 comes into effect today. CPS 230 Operational Risk Management effectively forces super funds to identify important business services and determine the extent to which these services can continue during severe disruptions. ...

Average super balance grows to $172k: ATO

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... $215,202 and men had $214,749. The ATO's breakdown of income tax positions of individuals, companies, trusts, super funds and partnerships shows it collected $577.4 billion in total tax revenue in FY23. Some 4.2% came from super funds or $24 billion ...

Super funds, banks say cybersecurity is now their biggest concern

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
APRA's 2025 Stakeholder Survey shows that cyber security risk has emerged as the topmost concern in financial services. The survey, which gathered responses from 262 financial institutions, revealed that the threat of cyber security was listed as a ...

Super funds given reprieve from Trump's 'Big Beautiful Bill'

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
Section 899 of US President Donald Trump's 'Big Beautiful Bill' will be abandoned after institutional investors expressed concerns over the retaliatory tax proposal. The announcement was made by US Treasury Secretary Scott Bessent overnight ...

APRA acknowledges need to reduce regulatory burden

JAMIE WILLIAMSON  |  THURSDAY, 26 JUN 2025
... sufficiently considered the costs of regulation imposed on the industry. Some 40% said the consideration was inadequate; super funds rated their experience at just 21%, while the overall rating was just 24%. Asked about the balance of regulatory burden ...

Chalmers advocates for Aussie instos on 'Big Beautiful Bill'

ELIZA BAVIN  |  THURSDAY, 26 JUN 2025
Treasurer Jim Chalmers confirmed he has shared the concerns of Australian super funds and institutional investors over potential issues they may face when it comes to US President Donald Trump's 'Big Beautiful Bill'. Chalmers said he had a "very productive" ...

ASFA, JANA release draft guidance on operational due diligence

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
... disruption, and manage risks arising from third-party service providers. ASFA and JANA will remain committed to supporting super funds and investment managers in adopting the most ideal practices in operational due diligence, they added. Feedback for ...

Betashares gearing up to expand Wealth Builder product suite

ANDREW MCKEAN  |  WEDNESDAY, 25 JUN 2025
... said. Geared ETFs like those in the Wealth Builder range offer a compelling proposition, particularly for self-managed super funds (SMSFs), which can't legally borrow to invest in shares as they can with property. However, SMSFs are permitted to invest ...

Super Fierce goes into liquidation

KARREN VERGARA  |  WEDNESDAY, 25 JUN 2025
... in need. "Our flagship B2C product focuses on unravelling the complexities of fees and empowering women to compare super funds on a like-for-like basis easily. Female-focused due to the lack of appropriate solutions that cater to women, and because of ...

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
Group insurance premiums paid through APRA-regulated superannuation funds rose by 7% in 2023-24, taking total premiums up to $9.5 billion, according to Rainmaker Information. Meanwhile, group insurance claims paid rose 16% in 2023-24 to a record $5.8 ...