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Showing 5291 - 5300 of 18119 results for "superannuation"

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... interests duty. Reviewing the personal advice provided by 21 super funds, ASIC's Report 639: Financial advice by superannuation funds shows less than half of the files reviewed demonstrated full compliance with the best interests duty and related ...

Cbus hikes fees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... keep fees as low as possible and this is the first increase to the weekly flat fee in 10 years," Atkin said. "The superannuation industry has changed significantly in a decade and members expect the same seamless service interactions they experience ...

Women in Super: A year of accomplishments

MICHELLE BALTAZAR  |  MONDAY, 2 DEC 2019
... ramped up its advocacy efforts for women in retirement. Research has found that women currently retire with 47% less superannuation than men and receive only one-third of the government tax concessions on super, while men receive the other two-thirds. ...

Grow Super hires Qantas Super executive

KANIKA SOOD  |  MONDAY, 2 DEC 2019
Grow Super has hired Qantas Super's chief operating officer, as it looks to divest its superannuation business and pivot towards administration services. Grow Super is currently looking for a buyer for its $39 million (as at June end) of superannuation ...

Fee cuts at super fund

KANIKA SOOD  |  MONDAY, 2 DEC 2019
A retail superannuation fund has dropped the investment fees on three options by 10 bps to 19 bps, with its chair saying the cuts will help it be more competitive. Australian Ethical will now charge 40 basis points instead of the prior 50 bps per year ...

Rest climate risk case goes to trial

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
A three-day trial has been scheduled for the landmark case brought against Rest by member Mark McVeigh. The case, related to climate change risks, will have its day in court with a three-day trial scheduled for the week commencing 20 July 2020. The ...

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... cannot be sustained without a well-functioning financial system," Byres said. Ahead of APRA publishing the full superannuation heat map, Byres said the goal is to help drive better member outcomes by "shining the light" on MySuper products that need ...

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
ASIC has updated its guidance to superannuation funds and issuers of managed investment products on fees and cost disclosure, with a suite of new requirements set to apply from late-2020. The corporate regulator released an updated version of Regulatory ...

Don't over-interpret OECD super fee figures

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
Rainmaker's research head is calling for the superannuation industry to avoid over-interpreting OECD figures indicating Australia's retirement saving system is cheap, as debate breaks out. Alex Dunnin, Rainmaker executive director of research and compliance ...

Regulators quash remuneration rumours

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
... move on until we address what came up in the Royal Commission." She also said the regulator's work on advice in superannuation is almost complete, as is its work around general advice. Finally, discussing ASIC's recent announcement around the enforcement ...