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Showing 11 - 20 of 45 results for "TTR"

AustralianSuper changes admin fees

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
... member's balance, capped at $350 a year for members still saving and $600 a year for members with a Choice Income pension or TTR Income account. AustralianSuper estimates that less than 5% of members will pay the maximum capped fees. The reductions are ...

NGS closes socially responsible option

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
... fund said in a note to members. "The NGS Self-Managed DIO has had very low member demand from NGS Transition to retirement (TTR) account members. With a focus on keeping costs low, from 19 November 2021 this investment is no longer offered to TTR members." ...

UniSuper revises fees for TTR members

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... options after calculating actual costs incurred in FY19 and estimates for FY20. The updated 1 October 2020 PDS shows costs for TTR members have either higher transaction costs or management fees for the following options: Sustainable Balanced 0.39% ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... Westpac announced in its 2020 Interim Financial Results in May that it had self-reported several threshold transaction report (TTR) issues to AUSTRAC, including 60,000-90,000 transactions that had not been reported to the agency. In June, AUSTRAC approached ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... same time, the $3.1 billion fund has introduced a new rule on how many Transition to Retirement Allocated Pension Accounts (TTR Pensions) can be opened in a single financial year. The rule, which First Super says aligns with its goal to promote a dignified ...

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
... suitable for members; contribution increases; and investment options changes. If a fund offers a transition-to-retirement (TTR) strategy, it might not be allowed to collectively charge members for advice, unless the advice is given for a related pension ...

Interest in early access to super rises

JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2019
... and has no maximum pension restriction." It may be more flexible and tax efficient than using a transition to retirement (TTR) pension, he added. Such structures do not receive a tax exemption on earning and have a maximum income payment of 10% of the ...

Industry funds lead website experience

KANIKA SOOD  |  FRIDAY, 23 NOV 2018
... checking investments (0.7 points higher than retail), checking insurance (0.6 points higher), opening Transition to Retirement (TTR) accounts (0.7 higher) and locating Age Pension information (0.6 points higher). Corporate governance documents were tough ...

CBA denies majority of latest AUSTRAC allegations

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
... August. Taking all the allegations into consideration, CBA said it did not submit 53,506 late threshold transactions reports (TTR) on time. CBA agreed with AUSTRAC that it "did not adequately adhere to risk assessment requirements" for its intelligent ...

Technical Services Forum tackles super challenges

ALEX BURKE  |  FRIDAY, 15 SEP 2017
... uncertainty around how to approach the new regulations. Using the example of "Walter and Susan" Chu suggested that Walter commenced TTR in 2013, nominated Susan as reversionary beneficiary, ceased work in 2015, met retirement conditions of release and ...