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Showing 3561 - 3570 of 18115 results for "superannuation"

Retail funds to benefit from YFYS test changes

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
Retail superannuation funds from AMP, Australian Ethical and Russell Investments will be among the biggest beneficiaries of the last-minute change to administration fee treatment in YFYS performance tests, says Industry Super Australia. The new performance ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... on preparing the industry for compliance with standards Such as the Financial Accountability Regime, reforms in superannuation and insurance, breach reporting, and the design and distribution obligations. In terms of its focus on unmet advice needs ...

Link profit slips

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... reduction in revenue to $141 million. The company also recorded a 4.3% decline in revenue from its retirement and superannuation solutions (RSS) to $507 million. This accounts for 43% of total group revenue which came in at $1.16 billion. RSS revenue ...

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
After 12 months of discussions, Sydney's Australian Catholic Superannuation and NGS Super have shelved their plans to merge and create a $21.5 billion fund. The two signed a Memorandum of Understanding in August 2020, after years of informal discussions ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
Australia's total superannuation assets ended June 2021 with $3.3 trillion, 14.7% higher than a year ago. Of this, $2.26 trillion are APRA-regulated, up 17.2% from previous years, according to June-end superannuation statistics released by APRA ...

Older Australians overlooking age care costs

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
Only 14% of older Australians have prepared for their aged care costs, according to a joint survey from Challenger and National Seniors Australia. The research received more than 5000 responses from Australians 50 years old and above. It found respondents ...

Stockspot hires from Vanguard

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
The robo-advice business has appointed a head of superannuation and partnerships, hiring from Vanguard. Enid Lal started in the newly created role on August 16. She will lead product initiatives to support Stockspot's direct clients including SMSFs ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
According to the latest figures from the Association of Superannuation Funds of Australia (ASFA) the cost of retiring increased in the June quarter. The ASFA Retirement Standard June quarter 2021 figures indicate that couples aged around 65 living a ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... duty when providing personal financial product advice in calls made to 14 customers related to switching their superannuation to a Westpac-related superannuation account. Westpac Securities and BT Funds are only licensed to provide general advice. "Westpac ...

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... Wealth, its costs of takeover defence against 360 Capital and costs of the ASIC action against Dixon Advisory & Superannuation Services which is soon to be settled for $8.2 million. Adjusted NPATA was $11.3 million (up 22%), the firm said. E&P Wealth ...