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Showing 11 - 20 of 42 results for "unclaimed super"

Aon exits advice

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
Aon will jettison its financial advice business, and has confirmed the transfer of its Eligible Rollover Fund to AUSfund. The Australian arm of the global financial services giant announced it will sell its finance advice arm and exit its aligned adviser ...

Aussies find $860m in lost super

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... billions of dollars of retirement savings that remained unclaimed. "There is still over $17.5 billion in lost and unclaimed super," Whyte added.

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... balances or inactive accounts. The new legislation also aims to empower the ATO to proactively reunite people's unclaimed super, cap certain fees for low balance accounts and ban exit fees, he said. While he's reasonably confident all Bills will ...

Lost super sits at $17.5bn

KARREN VERGARA  |  MONDAY, 15 OCT 2018
... superannuation stands at $17.5 billion, new data from the Australian Taxation Office (ATO) shows. During 2017-18, unclaimed super reduced by $420 million, with New South Wales accounting for more than $2.2 million waiting to be found. Victorians had ...

Untouched super sits at $18 billion: ATO

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... ATO-held super accounts, with $14.12 billion of lost super being held by super funds and a further $3.75 billion of unclaimed super being held by the ATO - up from $3.2 billion last year. More than half of the accounts containing unclaimed super belong ...

ATO must reunite individuals with lost super: ASFA

EMMA RAPAPORT  |  MONDAY, 13 FEB 2017
... on the federal government to increase its responsibility in reuniting Australians with millions of dollars in unclaimed super. In a pre-budget submission Association of Superannuation Funds of Australia (ASFA) chief executive Martin Fahy called on the ...

Adviser Network sets focus on super consolidation

KERRIE SYDEE  |  THURSDAY, 10 NOV 2016
Adviser Network has unveiled a new super consolidation tool in a bid to curb the growth of unclaimed superannuation in Australia. To help address the issue, Adviser Network has developed SuperFusion Plus, a simple super consolidation tool which allows ...

AIST takes aim at levies consultation

DARREN SNYDER  |  FRIDAY, 3 JUN 2016
The Australian Institute of Superannuation Trustees has labeled Treasury's consultation paper on proposed financial institutions supervisory levies as insufficient and non-compliant with government guidelines. In its submission to Treasury the AIST ...

New laws define inactive super members

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
... draft legislation aiming to reduce red tape for superannuation funds and individuals by streamlining lost and unclaimed super administrative arrangements. Under the new laws a super member will be considered inactive if they have been a member of a fund ...

Treasury proposes higher regulatory levies for super funds

ALEX BURKE  |  THURSDAY, 21 MAY 2015
The Treasury has issued its proposed regulatory levies for 2015/16. Under the new proposal, APRA-regulated institutions will collectively pay $117.5 million to help fund the prudential regulator, a half-percent increase on the previous financial year. ...