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Showing 501 - 510 of 778 results for "Super members"

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... March 2014 it breached the SIS Act on 13,000 occasions after it was unable to determine if First Choice Personal Super members were transferred to a MySuper product before the deadline. Hodge said it was open to the Commissioner to find if CBA and its ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... appoint a director with investment experience. The Commission also heard IOOF continued to charge more than 40,000 super members grandfathered commissions, knowing that 29,000 of these would have been better off under new and lower pricing arrangements. ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
The Hayne Royal Commission put the spotlight on obscure administration fees and intra-company arrangements, as well as tax benefits superannuation funds are withholding from members. Suncorp was in the hot seat this morning, represented by Maurizio ...

We have won the battle, not the war: AustralianSuper CEO

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
AustralianSuper chief executive Ian Silk told the Royal Commission the industry super Fox in the Henhouse campaign helped win the battle, but the war continues over default superannuation arrangements. The chief executive of Australia's largest ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... Commissioner Kenneth Hayne has been quizzing former NAB and MLC executives about the charging of plan service fees to super members and whether these fees constituted fees for no service. In May, ASIC chair James Shipton said there will be more consumer ...

Pre-retirees fear longevity risk: AustralianSuper

JAMIE WILLIAMSON  |  THURSDAY, 12 JUL 2018
AustralianSuper is launching a retirement confidence index it says will shine a light on how the superannuation system can reduce anxiety among pre-retirees. Created in conjunction with Monash University, the AustralianSuper Retirement Confidence Index ...

Victorian super funds discuss merger plans

JAMIE WILLIAMSON  |  FRIDAY, 6 JUL 2018
... positive for our members," Kogios said. The merger will also enable a reduction in the fees currently paid by Combined Super members, he added. Prime Super chair Alan Bowman said the important considerations for the merger were complementary cultures ...

Catholic Super appoints CIO

KANIKA SOOD  |  TUESDAY, 3 JUL 2018
... Super and MyLife MySuper, as well as a financial planning company and a bank dedicated to the Master Trust's super members. She will have a strong focus on asset allocation, equities and alternative assets. She will also take responsibility for Catholic ...

US giant acquires Aussie super consulting business

ALEX BURKE  |  FRIDAY, 15 JUN 2018
... consulting services, particularly in the super space, while Avantek develops bespoke financial and benefit reports for super members. Management of both companies - including Jamie Levitt and Tim Woodhouse - will now report to Gallagher head of international ...

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... cover should cease on accounts that have had not contributions for 13 months, it said. The PC estimates low-income super members and their life insurance arrangements could erode anywhere between 14 and 25% of retirement balances. In terms of premiums ...