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| | | Superannuation funds continue to grapple with their retirement income strategy obligations, citing financial advice regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and ... |
| | | | The Financial Services Council (FSC) and its superannuation funds members have adopted a new standard to protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting ... |
| | | | The Australian Prudential Regulation Authority (APRA) has issued a letter to all registrable superannuation entity (RSE) licensees sharing the initial observations from its targeted thematic review of the superannuation industry's preparedness for ... |
| | | | Stafford Capital has announced that its Australian private equity co-investment program with First Super has been converted into an evergreen structure. Stafford's original private equity program with First Super, which has been operating since 2010 ... |
| | | | While their administration fees will fall, from next week many Equip Super members will begin paying an insurance fee calculated at 4% of premiums. From July 1, Equip Super is reducing administration fees across accumulation, defined benefit and retirement ... |
| | | | Two separate laws that regulate how superannuation funds deal with non-arm's length expenses (NALE) and income (NALI) and expands the Australian Financial Complaints Authority's (AFCA) remit over super passed Parliament on June 25. Treasury ... |
| | | | Vision Super has found itself in hot water after analysis revealed it has purchased $2.2 million worth of Whitehaven Coal stocks after walking back its fossil fuel exclusion policy last year. The super fund changed its environmental, social and governance ... |
| | | | The superannuation gap of young Australians who contribute to their super earlier, compared to those who take the default contribution option has been confirmed by modelling from advice tech platform Otivo. Otivo's modelling reported that if younger ... |
| | | | As AustralianSuper, Australian Retirement Trust (ART), and Aware Super continue to dominate the superannuation sector in terms of total assets, the smaller players are becoming serious contenders. New APRA statistics show that AustralianSuper had more ... |
| | | | ... 10 (69%) Gen X investors said inflation has hurt their ability to save for retirement, and more than half (55%) reported saving less due to higher everyday costs. The burden of public debt was also a mounting concern, with three-quarters of Gen Xers ... |
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