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Showing 431 - 440 of 4846 results for "super funds"

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... the private market. "We have an ongoing dialogue with APRA's work around the valuation of unlisted assets held by super funds," Constant said. "Currently, APRA-regulated super funds allocate around 20% of their portfolios, on average, to private assets. ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... benefit claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC has put super funds on notice, writing to chief executives to express its concerns over death benefit claims processing times across the industry. ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... empower fund members to engage more actively with their super, ultimately leading to better retirement outcomes. "Super funds have shouldered a lot of the responsibility for educating Australians - we welcome an increased effort from the government in ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... accompanying market correction temporarily wiped out nearly $290 billion from Australia's superannuation sector. Many super funds lost between 10% and 14% as equity markets plunged. In response, some of the nation's biggest super funds revalued ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... system. "This year we have expanded responsibilities in terms of looking at financial reporting and audits from the super funds to understand whether there is full, clear, transparent disclosure around what they have, where it is invested and how they're ...

Advice take up falls amid decade-low retirement confidence

MATTHEW WAI  |  FRIDAY, 15 NOV 2024
... financial advice, Investment Trends found, and two-thirds of pre-retirees are unaware of pension products from their super funds. "The challenge for super funds is to motivate large numbers of members to take specific actions-like making voluntary contributions ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... Funds of Australia (ASFA) have told the senate economics committee that Australians deserve better outcomes from their super funds, but said reforms are needed. ASFA chief executive Mary Delahunty said death benefit payments are often complex, but that ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... in Canberra into these issues is actually because of the data on insurance claims, which shows that so many of the super funds actually do the wrong thing when it comes to consumers filing insurance claims at the point of a family bereavement," Bragg ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... contain significant disruptions to financial markets, which will help us explore the impacts of liquidity stress between super funds and banks, and how their response impacts asset markets." McCarthy Hockey said an operational risk component will be ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... Some of which are results of negligence and the failure to consider existing factors. Superannuation AFCA found that super funds have common issues in two categories: system errors and non-compliance with Protecting Your Super (PYS) legislation. In one ...