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Showing 21 - 30 of 147 results for %22Transfer Balance Cap%22

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
Rampant mergers and acquisitions, eye-watering redemptions and product closures over the last three years put to question if active fund managers are still fit for purpose. Rainmaker modelling shows that between 2020 and this month, more than 120 listed ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... for the regulatory requirement for pension drawdowns. The application of the credit and debit system for Transfer Balance Cap recognises that pension payments are a function of the pension account and do not include these payments to determine a person's ...

AMP, Dexus reach final sale agreement

CHLOE WALKER  |  MONDAY, 20 MAR 2023
The long-awaited transfer of the AMP real estate and domestic infrastructure equity business to Dexus Funds Management has begun, with the first-stage completion of the sale expected to occur this week. First completion is expected on Friday, at which ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... the years, with the previous Coalition government implementing several changes, including the $1.6 million transfer balance cap and the introduction of concessional, and non-concessional caps, among other reforms. Now the government's large deficit has ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... five Australians still have super within four years prior to death, with a mean balance of about $500,000. "The wealth transfer between couples as a result of superannuation death benefits is something that will require forensic examination. Given the ...

Challenger launches $250m unsecured note offer

ANDREW MCKEAN  |  TUESDAY, 7 MAR 2023
... core business operations and to refinance the Challenger Capital Notes 2. The investment firm seeks to strengthen its balance sheet and bolster its capital base amid economic uncertainty. The notes will be perpetual, with a scheduled mandatory conversion ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
The introduction of the Transfer Balance Cap (TBC) in 2017 saw contributions into SMSFs plummet by 60%. While it didn't take them long to bounce back, how they're used has changed. According to insights from Rainmaker Information, the self-managed super ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... The merger would see Commonwealth Bank Group Super's 67,000 members and $12.3 billion funds under management (FUM) transfer to ART. Commonwealth Bank Group Super's trustee, Commonwealth Bank Officers Superannuation Corporation, said it recognised ...

AMP completes infrastructure equity business sale

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... Management (CLAMP) to Dexus. AMP and Dexus have engaged in discussions regarding an alternative transaction structure for the transfer of Collimate's domestic real estate and infrastructure business. The two companies entered a non-binding term sheet ...

AvSuper provides merger update, drops admin fees

JAMIE WILLIAMSON  |  TUESDAY, 10 JAN 2023
... on the merger is nearing completion. It said the next step is to seek government approval to pursue a successor fund transfer, a process which will be led by CSC. The government provided approval for the two to explore a merger, but further approval ...