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Showing 41 - 50 of 706 results for "Automatic"

Stockspot officially launches low-cost super offering

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
Stockspot Super has launched to the public, a move first flagged by Financial Standard in May 2024. Stockspot said the offering is Australia's first fully transparent, ETF-only superannuation product, which has been designed to keep costs low and provide ...

How to simplify super to get better retirement outcomes: Mercer

ANDREW MCKEAN  |  MONDAY, 13 JAN 2025
The superannuation system has lacked a clear direction for the provision of retirement outcomes, and while this is gradually changing, there remains a need to make it simpler for Australians, according to a Mercer report. The Australian retirement income ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... policy decisions. Parameter and other variations excluding GST have increased payments by $16.3 billion, which includes automatic adjustments to indexation and funding increased demand for government payments and services," he said. Despite the Treasurer's ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
HESTA has agreed to make payments to two cohorts of members impacted by valuation decisions made by the fund in March 2020. APRA said in March 2020, HESTA made downwards adjustments to five single sector Choice options invested in unlisted assets but ...

Brighter Super increases retirement bonus

JAMIE WILLIAMSON  |  THURSDAY, 10 OCT 2024
The retirement bonus received by Brighter Super members just got bigger, with the fund increasing the incentive it pays to retirees who transition to a pension account. The Retirement Reward paid by Brighter Super has risen from 0.5% in FY23 to 0.8% ...

Praemium unveils Spectrum for HNWs

MATTHEW WAI  |  TUESDAY, 1 OCT 2024
... Asset Preference List (APL). Integration of broker order pads and bank data feeds. Upgraded applications portal with automatic form generation. Digital account management, allowing advisers to use regulatory data such as Anti-Money Laundering (AML) ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... thought. Yale University professor James Choi's first set of research into nudging was around two decades ago and found automatic enrollment and auto-escalation of savings into a 401(k) led to overwhelmingly positive results in boosting levels of retirement ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
Employers who fail to pay superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
Nine years on from its collapse, the former employee of stockbroking firm BBY has been sentenced to two years and six months after being convicted of aiding and abetting. ASIC alleged that Yat Nam (April) Yuen had facilitated the transfers of client ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... that fail to pay a determination under the scheme will see their licence revoked. While the cancellation might not be "automatic" per se, Berry said such action ultimately sits with ASIC and how it carries it out. "But the legislation is really clear. ...