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Showing 4971 - 4980 of 18119 results for "superannuation"

PMIF sees premiums rise for first time in 12 years

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 APR 2020
The $30 billion industry fund for emergency services workers has had to increase its insurance premiums for the first time in 12 years as a result of the Putting Members Interests First legislation. ESSSuper put insurance premiums on death only and ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...

Chant West sale hits roadblock

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in. On February 18, Chant ...

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
The $10 billion industry superannuation fund has issued a notice to members detailing changes to investment fees, admin fees, insurance premiums and investment objectives. Statewide Super has revised its long term investment objectives for high growth ...

Super funds' dirty, poor performing stocks revealed

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... retirement savings to do it," Market Forces said. The companies Market Forces has grievances with are commonly held by superannuation funds. Speaking to Financial Standard, Market Forces asset management campaigner Will van de Pol said these companies ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... AustralianSuper and Sunsuper. In an address to the AFR Banking and Wealth Summit yesterday, Assistant Minister for Superannuation, Financial Services and Financial Technology Senator Jane Hume said the COVID-19 crisis was rapidly revealing how some industry ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... Taxation Office will be responsible for verifying early release super requests. Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ATO will take on the challenge of verifying requests ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... Morrison said part of the purpose of the job keeper payment was take some pressure off Centrelink. "There is no superannuation guarantee on this payment," Morrison confirmed. Frydenberg said employers who have been forced to shut up shop as a result ...

Rent relief welcome news for SMSFs

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
Self-managed superannuation funds that own commercial premises leased to a related party have been handed some relief form the impacts of COVID-19. The Australian Tax Office has given permission for these SMSFs to now reduce the rent for the 2019/20 ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... services to AustralianSuper, Hostplus, MTAA Super and HESTA among others. Mercer head of industry and public sector superannuation Jo-Anne Bloch told Financial Standard that Mercer has established a team to develop its approach to early release payments. ...