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| | | Despite holding a pool of more than $4.3 trillion in retirement savings, cracks are appearing in the superannuation system around engagement and support for vulnerable members, experts said. UNSW Business School associate professor Katja Hanewald observed ... |
| | | | ... arrangement and enhance compliance with duties. In response, Australian Ethical said it is confident members' retirement savings have not been negatively impacted, adding that it has proactively made enhancements to its governance processes over the ... |
| | | | Members' superannuation savings climbed 9.4% in the year to September to $4.5 trillion, new APRA data shows, spearheaded by the industry funds dominating the asset pool. Industry super funds' assets under management (AUM) grew by 13% annually ... |
| | | | ... the diverse needs of their members - and meet the law," she said. "Retirees collectively entrust almost $600 billion in savings to the stewardship of super trustees, who should uphold their confidence by focusing on retirement strategies that meet their ... |
| | | | ... are less than impressed, taking to online forums to criticise the limited notice, saying it compromises their retirement savings and describing the treatment of members as unacceptable. "Forced selling with little compensation [and not] being offered ... |
| | | | ... still running, and prior to 30 May 1986 it was the Pension Scheme. Members can also choose to direct their retirement savings into Super SA Select, which offers some benefits the Triple S scheme doesn't. Also administered by Super SA but was closed to ... |
| | | | ... strategy support, tax-efficient recontribution advice and reducing tax for beneficiaries and increase tax-free retirement savings. The update follows a study that revealed 17,500 Retirement Health Checks have been completed on AMP members since January ... |
| | | | The opportunity costs of leaving cash in a savings account are too high as financial advisers can do more to help manage clients' emotional responses when it comes to taking higher risks with their money, a behavioural finance expert said. At the ... |
| | | | ... having no proven track record, we will seek to allege clients were advised to invest most or almost all of their retirement savings into the fund, irrespective of their individual circumstances." Due to MWL being in administration, ASIC said its application ... |
| | | | ... compliance failures" by Interprac that thousands of Australians received poor financial advice, putting their retirement savings at significant risk. At 10.20am, following ASIC's announcement, Sequoia Financial Group - the parent company of Interprac ... |
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