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| | | ... fees fall for the sixth consecutive year. Super fund members, including self-managed super fund (SMSF) members, paid an industry aggregate of $34 billion in fees in FY25. While this is a 5% increase in total fees paid, it is outpaced by 7% growth across ... |
| | | | ... assets and privately rated assets that exceed a specified limit. "This targeted restriction aims to balance the benefit industry obtains from having access to a wide range of investments to match long-duration liabilities against the additional risks ... |
| | | | ... delivering 40,000 new social and affordable rental homes in the HAFF's first five years." Meanwhile, the Housing Industry Association (HIA) welcomed the announcement of the audit but cautioned that the review should not delay or derail the task of ... |
| | | | ... future members, and we have more data than ever on individuals at an anonymised level," Howie said, "In the superannuation industry, we've been very focused on things like age or where you are at in your journey on transition to retirement. They're ... |
| | | | ... with Challenger to address these issues and provide a more integrated and streamlined advice process by facilitating an industry solution that transforms awareness and ease of access to retirement income products." Willmer said that by fully integrating ... |
| | | | ... followed by technology and data integration (21%), the report highlighted. Other challenges cited by the financial services industry were people (14%), operations (7%), commercial (7%), and legal (7%). "Within financial services, people and culture ranked ... |
| | | | Netwealth has applied to the government for financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 in order to compensate members impacted by the First Guardian failure. This morning, the listed platform and superannuation ... |
| | | | ... Looking ahead, he believes the engagement among platforms, regulators and trustees on this issue will "professionalise" the industry, benefiting consumers as well. "I think it will deliver a fantastic outcome, because rather than an adviser feeling like ... |
| | | | ... governance for superannuation trustees, banks and insurers. In March, APRA proposed eight measures to update its cross-industry prudential standards and guidance on governance for the first time in more than a decade. During the three-month consultation ... |
| | | | At any given opportunity, policymakers and industry leaders love to boast about Australia's 'world-class' $4.3 trillion superannuation system. While investments and performance have been impressive and the system has taken the pressure off the government ... |
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