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Showing 611 - 620 of 10996 results for "Account"

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
BUSSQ MySuper and Premium Choice account holders will see lower administration fees, however their insurance costs will rise from July 1. The $7 billion super fund will no longer charge members a weekly administration fee of $1.75 ($91 per year) and ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... the AMP Group at the expense of the interests of members. This had a harmful impact on millions of AMP superannuation account balances," she said. "Millions of Australians were unknowingly short-changed over years. Through this class action, AMP superannuation ...

Industry groups hammer out guidance on tax-deductible advice fees

ANDREW MCKEAN  |  MONDAY, 26 MAY 2025
The Financial Advice Association Australia (FAAA), in consultation with leading accounting bodies, has released new guidance on tax-deductible advice fees. The guidance follows the release of the ATO Tax Determination in September last year, which the ...

Aware Super cuts fees for retiree members

JAMIE WILLIAMSON  |  MONDAY, 26 MAY 2025
... fee will drop from 0.23% of a member's balance to 0.17%. At the same time, the maximum annual admin fee on a retirement account is dropping to $1300, down from $1500. This could equate to a 25% cut or, for the average retiree member, a decrease of $225 ...

'Tensions' identified between FAR and other requirements

ELIZA BAVIN  |  MONDAY, 26 MAY 2025
The chief executives of several superannuation funds sat down with ASIC and APRA for a roundtable to discuss key issues related to the Financial Accountability Regime (FAR). As part of the discussions, the super fund chiefs emphasised the importance ...

Age-based super strategies could add thousands to retirement savings

ANDREW MCKEAN  |  THURSDAY, 22 MAY 2025
... 80,000 members across various super offerings, estimated this would translate to an average uplift of $3200 per MySuper account holder. Russell compared the performance of its age-based MySuper solution, GoalTracker, to the superannuation industry's ...

DeepSeek, Alibaba: Silver linings for emerging markets strategy

KARREN VERGARA  |  THURSDAY, 22 MAY 2025
DeepSeek and Alibaba's rise from the ashes have bolstered the case for investing in Chinese companies, according to an emerging markets expert seeking the best opportunities in the face of geopolitical tensions and heightened risks. J.P. Morgan ...

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
... advantage by deception in contrary to s192E(1)(b) of the Crimes Act 1900 (NSW), with a further four offences taken into account for sentencing. Commenting, ASIC deputy chair Sarah Court said the sentence demonstrates the seriousness of the misconduct ...

Rest lands new chief investment officer

ANDREW MCKEAN  |  WEDNESDAY, 21 MAY 2025
Rest has named a new chief investment officer, appointing a former super fund chief, following the departure of Andrew Lill in November last year. Michael Clancy, the former chief executive of Qantas Super, has been appointed to the role and is set ...

MLC Expand reduces fees

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... fees for around 65% of all platform clients across Expand Essential and Expand Extra from June 1. The change will see the account keeping fee for Expand Essential drop from $90 to $78 per annum, while the administration fee remains at 0.10% with the ...