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| | | ... to apply for voluntary cover. Effective 6 February 2026, members will be eligible for automatic cover if they have an account balance of $6000 or more or are aged between 15 and 69 for death cover, or between 15 and 64 for TPD. Members must also have ... |
| | | | ... to $173,026. Additionally, ASIC accuses McWilliams of failing to disclose interests he held in two racehorses, a crypto account, and other bank accounts, and diverting $39,304 in racehorse prize money to an undisclosed account belonging to his son. He ... |
| | | | Despite holding a pool of more than $4.3 trillion in retirement savings, cracks are appearing in the superannuation system around engagement and support for vulnerable members, experts said. UNSW Business School associate professor Katja Hanewald observed ... |
| | | | The prudential regulator has flagged concerns over the fund's investment management arrangements with its parent company and whether the fees involved are in members' best financial interests. APRA reviewed Australian Ethical Superannuation's related-party ... |
| | | | The government has opened consultation to combat financial abuse in families perpetrated through coerced directorships. The consultation paper by the Treasury noted that financial abusers can exploit loopholes in tax and corporate systems, weaponising ... |
| | | | ... the best performing product for them, while continuing to ensure that the number of Australians with more than one super account continues to reduce," Delahunty said. "While sensible guardrails around advertising are essential to prevent the proliferation ... |
| | | | Members' superannuation savings climbed 9.4% in the year to September to $4.5 trillion, new APRA data shows, spearheaded by the industry funds dominating the asset pool. Industry super funds' assets under management (AUM) grew by 13% annually ... |
| | | | ... many using them to support the provision of tailored retirement solutions. However, most funds only used member age and account balance as a starting point. Other factors that were considered by some licensees when defining cohorts included employment ... |
| | | | Clime Investment Management is shuttering two funds, one of which is under an ASIC investigation, and will offload its retail client book for $1.65 million to an undisclosed financial advice practice. At the annual general meeting last week, Clime chair ... |
| | | | T. Rowe Price and Oak Hill Advisors (OHA) have launched the Flexible Credit Income Fund AUD (OFLEX AUD), specifically designed for wholesale investors. OFLEX AUD leverages OHA's best ideas, seeking to deliver income by lending primarily to large cap ... |
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