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| | | ... calling on the Minister for Social Services Tanya Plibersek to address Rent Assistance as a matter of urgency. Every day this isn't addressed, renters face an impossible financial challenge in retirement." Data from the Australian Institute of Health ... |
| | | | ... is that when we look at things like Shield and First Guardian, we shouldn't just focus on one part of the sector. That isn't going to be the right approach." Mulino said he has communicated with ASIC and APRA to strengthen prevention methods, including ... |
| | | | The shadow minister for financial services Pat Conaghan has thrust ASIC front and centre of the First Guardian and Shield Master Fund collapses, saying it should take accountability for its delayed action and it is high time for its reformation. Conaghan ... |
| | | | The challenges around risk advice have forced many advisers to abandon the sector. With greater complexity and a dwindling number of specialists, experts fear the risk market may cease to exist, the FAAA Congress 2025 has heard. There are currently ... |
| | | | APRA executive director - superannuation, life and private health insurance Carmen Beverley-Smith has warned superannuation trustees that the regulator will use the full extent of its powers if funds are spending member money in irresponsible ways. ... |
| | | | Speaking at the ASFA Conference 2025, Treasurer Jim Chalmers and Assistant Treasurer Daniel Mulino said long-awaited superannuation reforms are on the way. Chalmers said despite pressing issues globally and at home, reforms in the superannuation sector ... |
| | | | Milford Australia has launched two new actively managed funds, including a fixed income strategy in response to growing adviser demand for more liquid, transparent credit solutions. Both the Corporate Bond Plus Fund and the Australian Active 100 Fund ... |
| | | | ... platform or end user should pay. A beneficiary pays approach would remove the conflict inherent in the system." However, Gosselin isn't hopeful the change will occur soon. "The system is too entrenched and even though over the years there have been regular ... |
| | | | For much of the past year or so, there has been a great deal of focus on the superannuation industry and its processing of insurance claims, largely owing to immense delays at some of the largest institutions. Stories have emerged of the likes of AustralianSuper ... |
| | | | The retirement savings of thousands of Australians have been lost in the First Guardian and Shield failures and, while investigations are ongoing, the blame for their collapse and the misconduct that led to it is being passed around like a football ... |
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