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| | | ... allegations of higher premium payments by certain members of AMP's superannuation funds for life insurance (death only cover, total and permanent disablement cover and income protection cover) during the period 2019 to 2024," AMP said. AMP confirmed ... |
| | | | ... drove outcomes last financial year, it was domestic assets that shone. "Australian companies pay high dividends and on a total return hedge basis, local equities did somewhat better than global equities for the year," he said. APRA's March 2025 data ... |
| | | | ... income tax positions of individuals, companies, trusts, super funds and partnerships shows it collected $577.4 billion in total tax revenue in FY23. Some 4.2% came from super funds or $24 billion, while individuals contributed the highest with $298 billion ... |
| | | | ... rectification from 30 days to 60 days. It also increased the number of impacted consumers from five to 10, as well as the total financial loss or damage to consumers from $500 to $1000. If a breach satisfies all these thresholds, it is not deemed reportable ... |
| | | | ... superannuation sector has on offer. The data reveals that retirement products have a balance of $362,000 on average from a total of 1.4 million member accounts. This trumps the average balances of MySuper, Choice accumulation and Choice transition to ... |
| | | | ... applied only to members with insurance. Standard Default Cover members will experience an increase in the amount of Death and Total & Permanent Disablement (TPD) insurance cover they receive, while Death and TPD cover for others will become or remain ... |
| | | | ... alternatives. In contrast, peer systems in Denmark, Sweden, the Netherlands, Canada, and Australia allocate 15-40% of their total portfolios to private markets, with real estate often accounting for half that exposure. Funded retirement assets now top ... |
| | | | ... for reinvestment in its affiliated fund manager Metrics. Macoun made the sale, which represents around 1.73% of Pinnacle's total issued capital, through two entities associated with him. Despite the sale, Macoun, or the entities associated with him ... |
| | | | ... investment; the 59% uplift applies to the equity investment only, delivering a blended increase of 49% ($14.7 million) on the total carrying value which represents an increase in net tangible assets of $0.099 per share (pre-tax). Bailador co-founder ... |
| | | | Group insurance premiums paid through APRA-regulated superannuation funds rose by 7% in 2023-24, taking total premiums up to $9.5 billion, according to Rainmaker Information. Meanwhile, group insurance claims paid rose 16% in 2023-24 to a record $5.8 ... |
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