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Showing 11 - 20 of 259 results for "Equate"

Smaller super funds unfairly burdened by regulatory levy model: CPA

ANDREW MCKEAN  |  WEDNESDAY, 30 APR 2025
... small fund with $349 million and 2239 members would face a $34,000 levy. For members of this large super fund, this would equate to an annual charge of $3.01, down from $3.71 in 2024-25. Members of medium-sized funds would pay $34.87, down from $39.24 ...

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
Super Members Council (SMC) is urging Australia's newly elected government to pass the payday super legislation as a matter of priority within its first 100 days in power. The council's analysis found that in 2021-22, about $5.1 billion of super went ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
Paying higher superannuation fees doesn't equate to getting death benefits paid out faster, according to research by Super Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees ...

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
Treasury admits that escalating trade hostilities and risks to the economy are "more significant than expected" as it releases its Pre-election Economic and Fiscal Outlook (PEFO). While the government's Budget figures have not changed since they were ...

NGS Super shutters direct investment option

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
NGS Super will close its Self-Managed Direct Investment Option, saying it is no longer viable to continue offering the service. NGS Super's Self-Managed Direct Investment Option (DIO) was provided via OneVue Wealth Services. However, OneVue has advised ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
... warning that there is "more pain to come" as the amount will potentially become bigger. Together, the two financial years equate to $193 million or $12,500 per financial adviser. Philip Anderson, the general manager of policy, advocacy, and standards ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
New modelling from the Super Members Council (SMC) finds most teenagers will miss out on an additional $10,000 at retirement simply because they're not entitled to superannuation contributions. The lobby group's Guaranteeing a Super Start to Work report ...

Shifting retirement intentions require super rule change: ASFA

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
An increasing number of Australians are planning to remain in the workforce for longer, with the association calling for super rules to be changed in response. The Association of Superannuation Funds of Australia (ASFA) surveyed 1500 Australians across ...

Powerhouse Ventures to acquire Aliwa

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... an earnout on the proviso that Aliwa has $20 million+ in funds under management (FUM) over 18 months. These two tranches equate to just under 15% of shares on issue. Brisbane-based David McNamee is the founder of Aliwa and the portfolio manager of the ...

Eildon divests stakes in four funds to Trilogy

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2024
... expects to reduce its employee costs by 60% following the transaction. The sale of its units in the property income funds equate to an 11.1% or $0.4 million discount to carrying value, which will result in an $0.4 million impairment in the 2024 financial ...