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Showing 401 - 410 of 4846 results for "super funds"

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... Hostplus splashed a staggering $13.7 million on sponsorships in the 2024 financial year - which made up 43% of what all super funds collectively spent ($31.7 million). Hostplus leaves other sponsorship budgets in the dust as Cbus, which spent $5 million ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... 1994. In late 2022, the Australian Taxation Office (ATO) selected three audits compiled by Islam for three different super funds and had expressed concerns. The ATO referred the matter to ASIC in June on the basis that Islam "failed to carry out or perform ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... increasing means that the scammers are winning - instead of the other more reasonable conclusion, that the work of super funds and their services providers is effective. We hope that ASIC can recommit to constructively working with ASFA members to tackle ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
... between $100,000 and $400,000. Just 17% of Australians, including 26% of current retirees, have sought advice from their super funds. Meantime, 80% of Australians aged between 45-54 need advice but can't afford it, the SMC said.

Bumpy roads ahead for traditional active managers

MATTHEW WAI  |  WEDNESDAY, 29 JAN 2025
... products, where the strategies will not be easily replicated by passive investments. In comparison to active managers, super funds are well-positioned for growth with their strategic fee alterations and broad range of investment options through default ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... Misha Schubert said super fund members rightly expect the highest standards of service, communication, and care. "Super funds have tens of millions of interactions with their members every year, and members expect those interactions to be timely, responsive ...

Chalmers' claims on super tax are 'misleading': SMSFA

MATTHEW WAI  |  FRIDAY, 24 JAN 2025
... fairness and transparency." Further, Burgess was also dissatisfied with the Treasurer's claim that, by law, self-managed super funds (SMSFs) are to maintain liquidity to meet their tax obligations. "While it is standard for laws to require liquidity ...

Iress expands wealth team with multiple new roles

ANDREW MCKEAN  |  WEDNESDAY, 22 JAN 2025
... superannuation services provider, it said it sees continued opportunities within its wealth business to provide software to super funds. The deal will see Iress net an upfront payment of $40 million, with potential for an additional $20 million over ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
More companies will divest their superannuation administration offerings in 2025, according to Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience ...

Grattan Institute renews calls for best-in-show super funds, partial annuitisation

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... $70,000. One is to implement the Productivity Commission's 2018 recommendation to provide a best-in-show shortlist of super funds determined by an independent expert panel. " Extending 'best-in-show' to the retirement phase is simple and ...