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Showing 371 - 380 of 4041 results for "Savings"

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... started her operation in 2012 to 2020 when she disappeared. One client in the lawsuit, who was retired, saw their life savings disappear thanks to Caddick who operated Maliver without an AFSL and used another company's licence without authorisation. ...

AustralianSuper replaces retirement lead

ELIZABETH FRY  |  FRIDAY, 6 DEC 2024
... since 2022. Reporting to chief member officer Rose Kerlin, Hancock is now tasked with building on the strengths of the savings system and developing a simple, seamless and member-centred retirement experience at AustralianSuper. Interestingly, AustralianSuper's ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... commissions and lower investment returns, as well as a reduction in the amount members would have received in interest on their savings. It was due to go to a four-week hearing in mid-November, but the matter has now been settled for $64.25 million ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... at best. At worst, they've been caught up in the scammers and the fraudsters' web and they're losing their life savings. So, we can't allow that to stand. We've got to have a safer door for people to walk through."

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... Australians by addressing barriers to affordable financial advice," she said. "The future for Australians' retirement savings is brighter with a more inclusive and modernised advice framework and we look forward to seeing the legislation progress in ...

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
... insurance in inactive accounts and transfer them to the ATO. "GESB has a long history of managing the super and retirement savings of current and former WA public sector employees," WA's Treasurer Rita Saffioti said. "These commonsense changes will ultimately ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... there are fears around the alliance between the Labor party and the Greens, who want even more taxes applied to retirement savings. "My hope is if the Labor party do form minority government with the far-left party, they have even less numbers in the ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
... legislation following the passage of the Superannuation (Objective) Bill 2023, the objective of superannuation is "to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way". The ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... the founder, designer and operator of the unregistered schemes, including advising individuals to invest their personal savings by setting up a SMSF to invest in a scheme".