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

Search Results

Showing 5691 - 5700 of 18124 results for "superannuation"

Super fund increases fees

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2019
A $12 billion superannuation fund has made a series of changes to its administration and investment fees. As of July 1, LGIAsuper has introduced a flat administration fee of $1.50 per week across all of its investment options, including diversified ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
Peak superannuation bodies have forcefully rebuked the Grattan Institute's recent claim that middle-income workers would be worse off if the Superannuation Guarantee rose to 12%. Industry Super Australia and the Association of Superannuation Funds of ...

ESG options outperform in the short term: Research

KARREN VERGARA  |  THURSDAY, 11 JUL 2019
... according to socially responsible, ethical or sustainability principles tend to outperform in the short-term, new superannuation research shows. Rainmaker's latest Roundup report, which analysed 139 multi-manager, strategic investment options offered ...

Former financial adviser jailed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... to a total of approximately $4.88 million. Gibbs' clients trusted him with the operation of their self-managed superannuation funds. In some cases, Gibbs had almost complete control of clients' affairs - enabling him to conduct unauthorised transactions. ...

AMP Advice executive joins AFA

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
... Coulter has held his current role for over eight years. Prior to that, he was national sales manager for employer superannuation at ING (now OnePath) for three years. Earlier in his career, Coulter was a business development manager at BT Financial Group ...

Super funds hard to engage with: Research

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUL 2019
About 67% of superannuation fund members who attempted to engage their super fund in the last 12 months gave up, according to new research. New insights from the Investment Trends Super Fund Member Sentiment and Communications Report shows 67% of super ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
Lifting the Superannuation Guarantee will make middle-income earners poorer over their entire lifetime, new Grattan Institute research shows. Raising the SG from 9.5% to 12% would see a 30-year-old worker fork out $30,000 over their lifetime, Grattan ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
... available information, our understanding is that excess fees charged to MLC Super members likely exceed $100 million. Superannuation trustees have an obligation to act in the best interest of their members. In charging fees to members in order to pay ...

MySuper lacks risk and return correlation: Research

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
New research suggests investment objectives of superannuation funds should be assessed on their own merit as the level of risk does not always directly link to returns. Rainmaker's inaugural RMetrics MySuper report took a deep dive into the relationship ...

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
The superannuation industry has reaped an additional $1 billion since the downsizer contribution was introduced one year ago. More than 4200 individuals have used the downsizer measure, according to Federal Treasury figures. Older Australians living ...