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Showing 241 - 250 of 517 results for "Your Super"

PYSP reunites $4.3bn of lost super

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
The Protecting Your Super Package legislation which asked super funds to hand over inactive accounts to the Australian Taxation Office (ATO) has returned $4.3 billion to members in about 17 months. Between 1 November 2019 and 28 February 2021, nearly ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation currently sitting before parliament, will force trustees to prove they are acting in the best financial interests ...

Women need to rebuild super: AMP

ELIZA BAVIN  |  MONDAY, 8 MAR 2021
... who have withdrawn funds as part of the early release program is to take stock now, and start taking steps to rebuild your super balance," she said. "Our super system is a purpose built, tax friendly way of building long-term retirement wealth. It's ...

Super fund halves admin fees

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAR 2021
... assets in smaller amounts but more often from age 51. On the latter, Mine Super said: "This is an important change as your super won't automatically make sharp and sizeable shifts throughout your working life from one investment option to another." For ...

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... clients, and shorting shares creates a lottery," Rennick said. "If the day you come to retire and have to cash out your super to pay off your home loan is the same day a super fund happens to shorts shares because, at the same time, a fund manager has ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... super funds investing in affordable housing is that it could become a reality if the parliament passes the Your Future, Your Super legislation. Fringe backbenchers will soon have the power to pressure the minister to ban any type of super fund investment ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... corporate misbehaviour. That's a surefire way to dry up investment," he said. Separately, the landmark Your Future, Your Super package of reforms were introduced in parliament today. Treasury Laws Amendment (Your Future, Your Super) Bill 2021 is ...

SMSFs primed for best financial interests duty

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
... regulated and scrutinised," he said. The new best financial interest duty is part of the government's Your Future, Your Super draft legislation package, which is causing contention across the industry. The best financial interest rules aim to make ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... regulators, leading to major confusion for superannuation trustees. The fourth element of the proposed Your Future, Your Super reforms should be abandoned, according to superannuation industry experts who spoke in a webinar, New Draft Legislation, hosted ...