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Showing 4921 - 4930 of 18119 results for "superannuation"

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... "Super funds overall have been hit equally, albeit in different ways." While the ATO has repeatedly warned that superannuation is, in many cases, safer with a fund, SMSF performance has been relatively equal to that of the major funds during this crisis. ...

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
A $10 billion industry superannuation fund has managed to lock in gains from a tail-risk hedging strategy during recent market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... turmoil. Australia in March allowed workers to withdraw $10,000 for this financial year and the next from their superannuation savings if their employment has been affected by COVID, in a move that was panned by the opposition and industry funds lobby. ...

QSuper board takes AFCA decision to court

KANIKA SOOD  |  THURSDAY, 16 APR 2020
QSuper has appealed against an AFCA decision favouring a member complaint seeking a refund on insurance premiums in the Federal Court. QSuper member Tommy Lam last year successfully complained to the Australian Financial Complaints Authority (AFCA) ...

ASIC demands compliance despite COVID-19

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... 2020 plans would be interrupted due to the crisis, with reviews of managed discretionary accounts and insurance in superannuation just two of several major projects set to be delayed. The regulator's new reality will see it pivot towards ensuring ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... type of condition of release converts any preserved and restricted non-preserved benefits the member had in their superannuation fund into unrestricted non-preserved benefits. "As the coronavirus early access arrangements do not apply to unrestricted ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
... notice", while the corporate regulator's review of compliance with changes to fees and costs disclosure for superannuation has also been temporarily shelved. Additionally, the regulator confirmed on Tuesday that it would delay its work on grandfathered ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... pandemic, and demonstrates ASIC acting on sensible calls from professional associations." Assistant Minister for Superannuation, Financial Services and Financial Technology Jane Hume welcomed the measures, saying: "It is more important than ever for ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
Executives and directors of a $12 billion Queensland superannuation fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' ...

Industry fund continues investment team expansion

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
A $50 billion industry superannuation fund is pushing ahead with its plans to build an in-house investment capability, appointing a former Victorian Funds Management Corporation portfolio manager to oversee strategic tilting. HESTA has appointed Luke ...