Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 261 - 270 of 4074 results for "Savings"

ATO eyes SMSF illegal early access

KARREN VERGARA  |  THURSDAY, 28 AUG 2025
... temptation of illegal early access schemes. The consequences can include additional tax, penalties, loss of retirement savings and disqualification as an SMSF trustee which goes on the public record," she said. In the 2021-22 financial year, the ATO ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... next 12 months, ASIC will put more pressure on superannuation trustees to be more accountable for Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings against two super funds over their claims handling practices. ...

ATO bares teeth at dentists pushing early super access

JAMIE WILLIAMSON  |  TUESDAY, 26 AUG 2025
The Australian Taxation Office (ATO) has warned of an increase in "dodgy advice" about accessing superannuation savings for non-critical medical procedures, like cosmetic dental work. The number of people accessing their super under the guise of medical ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield over 2023 and 2024 through its fund. ASIC deputy chair Sarah Court said ASIC was acting against Equity Trustees ...

Grattan calls for large scale tax reform

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
... said. "Or the repair could be systematic: a dual-income system that brings consistency to how we treat different types of savings." For his part, Treasurer Jim Chalmers said the Roundtable wrapped up with a "very welcome" conversation and debate around ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... They also tend to add no value to consumers, erode super balances due to exorbitant fees, and jeopardise people's life savings. SCA is urging the federal government to prohibit unfair trading practices economy-wide, including for financial services ...

Insignia Financial back in the black

JAMIE WILLIAMSON  |  THURSDAY, 21 AUG 2025
... Much of this was due to operating expenses dropping after the Rhombus Advisory separation, though the group said these savings were offset by increases in salaries and adviser incentives over the period. It said a focus on efficiency in the delivery ...

Equity Trustees FUM tops $254bn

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
... was optimistic about the future, he flagged heightened regulation is still a concern for the industry. "As Australian savings grow, the complexity of regulations also increases, driving greater demand for our services. This growth brings new compliance ...

ART chair to retire

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... legacy of unwavering commitment to the service of working Australians and the stewardship of their collective retirement savings to provide financial dignity and security in retirement." ART has over $350 billion in funds under management on behalf of ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... allegedly recommended his clients set up self-managed superannuation funds (SMSFs) and invest most of their retirement savings into the funds. ASIC said Rankin failed to act in the best interests of his clients in doing so, as both funds were speculative ...