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Showing 3511 - 3520 of 18115 results for "superannuation"

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
MySuper products continue to deliver returns averaging 20% at the end of July, Rainmaker analysis shows. Rainmaker's MySuper Index returned 19.2% in the year to July 2021, surpassing June's rolling one-year return by 40 basis points. This makes July ...

NGS Super hikes fees

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
... spokesperson for the fund said the fee increases "has no connection" to its scrapped merger with Australian Catholic Superannuation and Retirement Fund. "Fees and costs change for many reasons, including: changes to the weighting of investments allocated ...

AustralianSuper to shutter property option

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
Nearly three years after AustralianSuper added the ability to freeze redemptions in its property option for up to two years, the fund has decided to shut the option altogether. The $225 billion industry fund will close the property option on September ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
Those who took advantage of the government's early release of superannuation (ERS) program, due to loss of income during the pandemic, can put the money back in their account without incurring a tax penalty. The Australian Taxation Office confirmed ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... IDR). "This raises concerns about whether the enforceable requirements are being sufficiently prioritised. Many superannuation funds are likely to require significant changes and investment to comply with the new requirements," ASIC reported. Funds have ...

Zurich, OnePath cover vaccine side-effects

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... as well as via our retail and direct lines, given that so many Australians access life insurance through their superannuation," Zurich head of group insurance Darren Wickham said. "It is a benefit that tops up the amount of insurance coverage that people ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
The government has passed legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. Treasury Laws Amendment (2021 Measure No. 6) Bill 2021 (Schedule 5) allows the ATO to share information when an individual ...

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... terms in MySuper group life policies that would cause a claim to be declined in default group life insurance in superannuation based on a change in the occupational classification of the member.

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... round of the Your Future, Your Super performance only test applied to 80 MySuper products, out of the thousands of superannuation products available to consumers. From July 2022, trustee-directed products will also face the test. However, "trustee-directed" ...

Funds will have to guide members on SRM, LTRM

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... manager for actuarial practice Estelle Liu, at a panel moderated by AIST senior manager of policy David Haynes. Superannuation funds currently disclose SRM [usually CPI plus a percentage] to members, which is regarded as a short-term risk measure. The ...