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Showing 4581 - 4590 of 18119 results for "superannuation"

MySuper returns negative

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... default super products since the Global Financial Crisis. The GFC in 2008-2009 delivered financial returns in default superannuation products of -13%. The 2007-2008 financial year also saw negative returns for default products of 7%. By comparison, Rainmaker ...

Chief executives cop pay cuts

ANNABELLE DICKSON  |  FRIDAY, 7 AUG 2020
... pay cuts as boards have reined in bonuses ahead of the COVID-19 pandemic according to the Australian Council of Superannuation Investors (ACSI). ACSI's CEO Pay in ASX200 Companies research shows that fixed pay and bonuses were sliding down prior ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... members - while Suncorp, IOOF and AMP will not be remediating members. Between 2017 to 2020, ASIC engaged with seven superannuation businesses that were classifying new members as 'smokers' by default, hitting them with higher life insurance ...

OneVue to take Taiping to court

KANIKA SOOD  |  THURSDAY, 6 AUG 2020
OneVue will file court proceedings against Taiping Trustees to assert its right to about $9.4 million sale proceeds of Madison Financial Group and Sequoia shares. The ASX-listed company said its preference is still to resolve the matter out of courts ...

SG amnesty deadline nears

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... Australian businesses on notice, as the amnesty allowing employers to disclose and reimburse previously unpaid superannuation - dating back to 1 July 1992 - fast approaches its closing date. To take up the amnesty, employers must come forward and disclose ...

Tax impacting super fund investment strategies: Research

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... negatively impacting super funds' long horizon approach to investing. The research, titled Unlocked: A Framework for Superannuation Equity Portfolio Evolution in a Taxable Environment said the taxation system is acting as a roadblock to most funds. "In ...

It's your money: Hume calls out Keating

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... treasurer and shadow minister for financial services Labor MP Stephen Jones who claimed the Liberal party is opposed to superannuation as a whole. "The Liberal's opposed every single dollar that went to superannuation. If Australia listened to the Liberals ...

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
The Labor party has referred the government's Early Release of Superannuation scheme to the Auditor-General, citing administrative failures. Shadow Assistant Treasurer Stephen Jones sent the letter to the Auditor-General Grant Hehir asking him to review ...

APRA spells out unlisted asset valuation standards

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
APRA has been forced to clarify the standards it holds for superannuation trustees when valuing unlisted assets. It comes as the market downturn as a result of the pandemic and the Early Release of Superannuation Scheme (ERS) has led to industry concerns ...

First Sentier bolsters board of directors

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... Bank of Queensland, and Cricket Australia. Tredenick was previously the chief executive of MLC's corporate superannuation business, and also served as the chair of the IAG and NRMA corporate superannuation fund for around six years. She is also a ...