Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4831 - 4840 of 18119 results for "superannuation"

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider how it calculated the impact of the ERS initiative on retirement balances of super fund members, a response to ...

IFM cuts carbon footprint from Aussie infra assets

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
... major airports, ports and toll roads, cut their carbon footprint by 7.9% in the year ending June 2019. The industry-superannuation-owned fund manager started reporting its infrastructure portfolio's carbon footprint in 2017 and from there, set targets ...

South Australian wealth firms merge

KANIKA SOOD  |  WEDNESDAY, 13 MAY 2020
... accounting and wealth advisory firm. It specialises in financial solutions (wealth management, auditing, finance, superannuation and insurance) to business owners, investors, families and high net-worth individuals. Wotherspoon was Adelaide's first truly ...

Majority of ERS applications from low balance accounts: AMP

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... clients working in the hospitality industry have applied for the withdrawal during the first two weeks. AMP provides superannuation to more than 1.5 million Australians working across a wide range of industries and said withdrawal applications have been ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... improved service experience across multiple channels. They will also benefit from modernised technology in the superannuation offering and better access to member education, support and self-service tools. CBA anticipates financial advisers will also ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... from Intrust Super members, 8795 were paid but 73.2% took between six and nine days for the fund to fulfil. ING Superannuation Fund received 4575 requests. Of those, 3677 were paid but 46.5% took longer than six days to reach the respective member. Of ...

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
... through consultation and the preparation of draft legislation. The decision was welcomed by financial advice and superannuation advocacy bodies. The Association of Super Funds of Australia labelled the move as pragmatic and sensible, given the pandemic ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... ISA's calculations "dubious" and said he will be looking for an explanation later this week. "Australians trust superannuation funds with significant savings, they hold a fair expectation that funds will provide accurate information and will act promptly ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... amid the uncertainty of COVID-19 has soared, while the company has also had to deal with the new early release of superannuation rules. "At the end of April AMP received approximately 50,000 requests for the early release of super," he said. Confidence ...

FASEA extension to pass next week

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
In a webinar for the Financial Planning Association of Australia members, assistant minister for superannuation, financial services and financial technology Jane Hume delivered some welcome news about the extension to FASEA requirements. Hume confirmed ...