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Showing 2451 - 2460 of 18113 results for "superannuation"

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million. Under the proposal, individuals with super balances over $3 million would see their tax rates on earnings double ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
ESSSuper has disclosed a reporting error made by its administrator, Iress, that impacted 9% of its defined benefit members. Due to Iress' incorrect contribution reporting to the ATO for the 2021-2022 financial year, approximately 9% of ESSSuper defined ...

Australians want super safeguard: ISA

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
According to new data, 80% of Australians agree that super is for providing financial security in retirement and support law changes that will deter early release. As the government's consultation on legislating super objectives closes, Industry ...

BT Super, Mercer merger completes

JAMIE WILLIAMSON  |  MONDAY, 3 APR 2023
Mercer has officially taken on BT's personal and corporate superannuation products, as well as Advance Asset Management, entering the big leagues with about $63 billion in assets. The finalised merger brings the total member count for Mercer Super ...

ASIC bans Gold Coast adviser

CHLOE WALKER  |  FRIDAY, 31 MAR 2023
... circumstances, goals or advice needs. The layered advice strategy was a process by which clients were provided with superannuation and insurance advice separately, even though the insurance was held within the superannuation fund. ASIC suggested that ...

Australian Retirement Trust names investment strategy lead

ELIZABETH FRY  |  FRIDAY, 31 MAR 2023
... Andrew Fisher as head of the investment strategy for both the super savings and QSuper portfolios. The $220 billion superannuation fund said Lillicrap has chosen to pursue other opportunities. ART investment chief Ian Patrick added that Lillicrap's ...

Fund manager acquired by US fintech

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2023
... director, owner and an authorised representative of Ballast Financial Management when he recommended clients with low superannuation balances establish SMSFs and invest in the Bateau Global Opportunities Fund. He failed to disclose to clients that he ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... Financial Professionals Australia (IFPA) has bucked the trend, rejecting the proposal to legislate an objective of superannuation. The IFPA said it supports consistency in future policy making around superannuation, which should be aimed at providing ...

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... Targeting dodgy employers, the government is introducing new legislation to combat the underpayment of workers' superannuation. Treasurer Jim Chalmers announced that new legislation will be introduced to Parliament this week, focused on enshrining workers' ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
Following a series of successor fund transfers, the Aracon Superannuation Fund is set to be wound up. Spread across four divisions - ARA Retirement Fund, Xplore Super and Pension, Oracle Superannuation Plan, and Elevate Super - Aracon Super holds $590 ...