Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 521 - 530 of 4799 results for "super funds"

QIC, super funds pour more into Queensland space tech

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
QIC, Hostplus and HESTA are among backers to invest a further $55 million into Gold Coast-based Gilmour Space Technologies. Gilmour recently completed a Series D funding round, aimed at raising capital to support the manufacture, test and launch of ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... contributions to a retirement phase super account. It added that, with member consent, the government should notify super funds about members' eligibility for pensions and other government support, like the Age Pension, so funds can tailor information ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... 'one-size-fits-all' solutions onto members at retirement," he said. The poll also revealed members' expectations from super funds - which is to prioritise generating competitive investment returns (38%) followed by low-income earners who ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... 2023, Mark Raymond Sebo was found guilty of misappropriating $1,056,685.18 from some of his clients' self-managed super funds. Between July and August 2019, he was found to have used all the money to feed his gambling habit. At the time, he was sole ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... Convention and Exhibition Centre (BCEC) between February 21 and 23. Heffron told Financial Standard that APRA-regulated super funds have experienced a lot of regulatory and legislative interference in the last couple of years. "I'm looking forward ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
... as they enjoy this next stage of their lives." Meanwhile, AustralianSuper is pushing for changes that would allow super funds to provide more support, guidance, and advice, leveraging data sharing with government to smooth the complexity of retirement ...

Highest paid industry super executives revealed

ANDREW MCKEAN  |  FRIDAY, 9 FEB 2024
... fund is Australia's second largest. Further analysis showed that the top 25 highest-paid executives of industry super funds collectively received $28.5 million in total compensation for the 2023 financial year, averaging $1.1 million each. Of this ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... changes from the Delivering Better Financial Outcomes reforms is expanding superannuation advice. This can include super funds to consider a broader range of a member's personal and household circumstances such as debt, spouse's income, or age ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
A duo who allegedly defrauded self-managed super funds (SMSF) have been charged by the Melbourne Magistrates Court with a string of criminal offences. The charges follow an ASIC investigation into the activities of Joseph Cullia and Zoran Markovic ...