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Showing 6701 - 6710 of 18128 results for "superannuation"

Baby boomers receive $259 million, pension work bonus lifted

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... has also proposed changes to legislative frameworks to drive a push for retirement products. It will amend the Superannuation Industry (Supervision) Act 1993 to introduce a retirement covenant that will require superannuation trustees to formulate a ...

Royal Commission sees increased ASIC, APRA funding

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... $1.7 million in 2018-19 to support the establishment of the external dispute resolution scheme. The Association of Superannuation Funds of Australia (ASFA) suggested the July 2018 start date for AFCA may not be possible, though, given the magnitude of ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement ...

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... In Tuesday night's Budget, the Government said it will introduce a retirement income covenant that will require superannuation fund trustees to develop a strategy to help members achieve retirement income objectives, and aim to provide a higher standard ...

Insto investment committees step away from status quo

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... how this impacts organisational structure. QSuper head of funds management Charles Woodhouse said the $78 billion superannuation fund moved to an internal investment team and a total portfolio approach about 10 years ago. As part of the move, the fund's ...

ASIC drags NSW adviser to court

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... The investigation is alleging that: Miller recommended that clients of CFS Private Wealth establish self-managed superannuation funds (SMSF) and use their funds to invest CFS Corporation; he used investor funds for himself and to repay other investors ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... lifetime. Its other demands are the similar to last year: tax deductible status for financial planning fees, increasing superannuation contributions, promoting financial literacy for women, inclusion of financial planners in Statutory Declaration Regulations ...

Six associations form new alliance

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... Listed Investment Companies Association, National Seniors Australia, SMSF Association, Self-managed Independent Superannuation Funds Association, and Stockbrokers and Financial Advisers Association. The alliance aims to improve superannuation taxation ...

Three AMP directors step down

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... board. They have listened to and acted on the feedback from our investors," Wilkins said. The Australian Council of Superannuation Investors (ACSI) had previously recommended its members, which include some of Australia's largest super funds, to vote ...

Industry wants one-stop-shop professional body: Poll

KARREN VERGARA  |  MONDAY, 7 MAY 2018
... McKenna complained to the FPA she received inappropriate financial advice. Henderson insisted she transfer her superannuation to a self-managed superannuation fund despite her objections. McKenna described the recommendations made by Henderson as "risible." ...