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Showing 4791 - 4800 of 18119 results for "superannuation"

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... satisfactorily respond to ATO inquiries. The ATO then referred the matter to the TPB. "SMSF trustees rely on their superannuation savings to fund their retirement. The Australian government relies on regulators like the TPB, the ATO and tax practitioners ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... (Part 8 of the SIS Act) could also see landlord's run into problems. According to the Self-managed Independent Superannuation Funds Association (SISFA) said these possible complications shouldn't put landlords off from trying to help their tenants. It ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... which is owned by 27 industry funds, managed about $156 billion at March end. It has been around since 1990 when superannuation funds got together to establish a Development Australia Fund (DAF) to invest in public Australian companies and infrastructure ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19. The IAG & NRMA Superannuation Plan in February 2019 announced plans ...

Super not sacred: Rice Warner

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
Rice Warner founder Michael Rice has warned the superannuation industry to prepare for the government using the system as a means of repaying its stimulus debt, saying super won't be as sacred as it has been in the past. Rice has warned the superannuation ...

ERS withdrawals surpass $10bn

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
... the only major player to release funds within the five business day guide 100% of the time. Australian Catholic Superannuation and Retirement continues to lag, releasing funds within five business days 25.3% of the time, and within 10 business days 29.4% ...

Ignorance isn't bliss in super: Research

ALLY SELBY  |  MONDAY, 25 MAY 2020
... pointed to asset allocation as a key determinant for driving returns, demonstrating a lack of literacy surrounding superannuation in Australia. "As an industry we can, and should, be doing more to help investors navigate this climate of increased uncertainty," ...

Balanced funds fundamentally flawed

ALLY SELBY  |  MONDAY, 25 MAY 2020
A Melbourne-based investment manager has blasted balanced options in superannuation funds, arguing that despite their "diversification" they fail to perform in market downturns. Many traditionally balanced funds hold anywhere between 60% to 80% exposure ...

Retirement income covenant delayed

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
... consultation and legislative drafting needs to take place, particularly after COVID-19, Assistant Minister for Superannuation, Financial Services and Financial Technology Senator Jane Hume said. Hume pointed out the deferral of the covenant will also ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... of the risky conduct and that IOOF Investment Management and Questor Financial Services breached their duties as superannuation trustees. The action was on behalf of shareholders who bought stock between 27 May 2015 and 6 December 2018 who saw the stock ...