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Showing 431 - 440 of 778 results for "Super members"

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... unexpectedly face financial hardship, it [superannuation] can and should be used." Lloyd called for the patience of super members while details and processes were finalised and put in place for those suffering severe financial hardship. "Unlike many ...

Perpetual exits MySuper

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
A $16.5 billion industry superannuation fund is set to take over Perpetual's MySuper offering in a successor fund transfer. On or around May 1 members of Perpetual MySuper will transfer to CareSuper. According to Rainmaker data, the transfer will ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... laws. The ASIC action comes after the Royal Commission heard former CFS general manager Linda Elkins admit 15,000 super members had not been moved to MySuper products by the deadline. The Royal Commission also heard CFS encouraged customers to stay in ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
The government's plan to implement recommendations from the Royal Commission has been met with concern and criticism from financial advice industry groups. Both the Association of Financial Advisers and The Advisers Association have lashed out at ...

Queensland funds inch closer to merger

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
Major Queensland superannuation funds QSuper and Sunsuper are a step closer to a merger, signing a Memorandum of Understanding to undertake exclusive due diligence to explore a merger. The agreement comes around four months after the two super funds ...

Fight for MySuper advice fees kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 3 MAR 2020
... First State Super, which is merging with VicSuper to create a $130 billion fund, is also arguing changes to the ways super members can pay for advice could disadvantage the most vulnerable. First State Super chief executive officer Deanne Stewart said ...

Grattan calls for lower super fees

HARRISON WORLEY  |  MONDAY, 2 MAR 2020
... submission to the Retirement Income Review has kicked off a war of words after it said a reduction in fees charged to super members would be more impactful than an uplift in the superannuation guarantee, and that ASFA's comfortable retirement standard ...

Government loves SMSFs: Hume

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... features that are similar to SMSFs." She said that much of the government's work is around supporting disengaged super members, but it is also the role of government in a compulsory super system to ensure choice. "The system should also allow flexibility ...

AustralianSuper secures corporate mandate

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
Australia's largest super fund is the new default superannuation provider for an ASX 200 company with over 1200 employees. AustralianSuper Select is now the default fund for McMillan Shakespeare Group, effective February 1. McMillan Shakespeare ...

Super fund admits its gender pay gap increased

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... and those taking parental leave will continue to receive super payments for up to one year. Further, while Future Super members are taking parental leave they can have their administration fees refunded for up to a year. The fund has also removed gender ...