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Showing 21 - 30 of 877 results for %22Max Super%22

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) has revised the maximum amount consumers can claim for compensation. As of 1 January 2024, the maximum compensation amount a complainant can apply for is $1.263 million, which was previously $1.085 ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... foundation and security for a comfortable retirement," AMP director retirement Ben Hillier said. "While home values and super balances are increasing, research shows that more and more Australians will be retiring with increasing levels of household ...

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
MLC Life has hired the man who led Commonwealth Bank's recent $1 billion remediation program to the role of general manager, remediation programs. Ian Fletcher, currently general manager of program strategy, customer remediation at Commonwealth Bank ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
Almost nine months on from a cyber breach that saw member data taken, the $14 billion super fund will have to contend with additional licence conditions as it looks to remedy "significant deficiencies" in its cyber controls. As first reported by Financial ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... ages), and an investment allocation that adjusts the investment risk for the member's stage in retirement. This could mean super funds developing at least one product which meets the framework attributes and provide as a "first offer to members." In ...

Allianz Retire+ adds 'industry first' feature to AGILE

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2023
... demands of Australian retirees." Allianz Retire+ said the enhancements follow industry feedback, from both advisers and super funds, since it launched eight months ago, as well as being in response to government calls for more flexible retirement solutions. ...

Former adviser convicted over false documents

CHLOE WALKER  |  THURSDAY, 30 NOV 2023
Former financial adviser David Fong and his practice Fong Financial Planners have been convicted and sentenced in a Perth court for three counts of dishonest conduct. Fong, who was an authorised representative of AMP Financial Planning between January ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... Australians. The Superannuation (Objective) Bill 2023, which was introduced to Parliament yesterday, defines the objective of super as "to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and ...

AustralianSuper merges real assets functions

JAMIE WILLIAMSON  |  THURSDAY, 12 OCT 2023
The superannuation giant has made a raft of fresh appointments as it restructures its infrastructure and property investment teams, including naming a head of global real assets. AustralianSuper is going to combine its infrastructure and property teams ...

Skynet adviser stole $10.2m: Court

KARREN VERGARA  |  THURSDAY, 28 SEP 2023
The principal and financial adviser of Skynet Financial Services swindled clients to the tune of $10 million and could face up to 20 years in jail. Terence Rio Nugara, who was permanently banned by ASIC in April, stole $10,152,061.93 from 38 clients ...