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Showing 6471 - 6480 of 18124 results for "superannuation"

SMSFA addresses policy hurdles

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... self-managed super funds." Ralston addressed the Productivity Commission's draft report into efficiency in superannuation, saying the SMSFA looked forward to the commission's response to its "compelling submission." Providing an industry update ...

Hayne sees red over failed merger

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... worried their roles were on the line. Talks of a serious merger between Catholic Super and the Australian Catholic Superannuation Retirement Fund (ACRF) dated back to October 2016, the Royal Commission heard yesterday. By not going ahead with the merger ...

Entertainment spend retains members: Hostplus

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... said. In relation to members having multiple accounts and low balances, these are "certainly a key feature" of the superannuation industry, he said. Elia said a large cohort of members have small account balances. As at June last year, Hostplus had 469,659 ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... FirstChoice Personal members into cheaper MySuper default products. CFS reported to APRA it breached section 29WA of the Superannuation Industry (Supervision) Act which sets out what happens when a member doesn't elect a MySuper product. The member ...

GBST Australian revenues dip, UK picks up

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... Revenues are up 20% to $8.4 million from the first half. GBST has also won the implementation for a new digital superannuation fund, delivered under the software-as-a-service model. Qantas Super is now live, and two new tax analyser wins will start to ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... Commission put the spotlight on obscure administration fees and intra-company arrangements, as well as tax benefits superannuation funds are withholding from members. Suncorp was in the hot seat this morning, represented by Maurizio Pinto, the executive ...

Federal Court rules partly in favour of DomaCom

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... are still hurdles to clear before sub-funds are not considered in-house assets or related trusts under the SIS (Superannuation Industry Supervision) Act. The full Federal Court found the Sole Purpose Test was not breached when a related party of an SMSF ...

Trust in financial services down since Royal Commission: Poll

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... levels of consumer trust and satisfaction have worsened since the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry began. Just 12% of Financial Standard readers thought the inquiry hadn't preceded lower ...

Challenger increases annuity distribution

JAMIE WILLIAMSON  |  TUESDAY, 14 AUG 2018
... client base," Alcock said. Challenger chief executive Brian Benari added: "This relationship further demonstrates superannuation industry leaders moving to meet the needs of retirees as lifetime income stream products become a mainstream option in retirement." ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... Wealth Andrew Hagger that the bank's wealth management arm complicated the plan service fee issue among its superannuation funds. "What I want to suggest to you is this. There is no reason why the trustee would want to do anything other than fully ...