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Showing 661 - 670 of 9366 results for "Benefit"

Industry funds feast, retail funds snack, corporate funds freefall

ANDREW MCKEAN  |  THURSDAY, 29 MAY 2025
... in contributions, employer contributions totalled $147.1 billion, whereas member contributions made up $55.7 billion. Benefit payments climbed to $127.5 billion over the year as a result of lump sum payments increasing to $70 billion and pension payments ...

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... is on member services more generally, this is a multi-year phased project" Constant said. "We will come back to death benefit claims handling and check that funds are doing what they said they will do. But there is more that we will be doing, and we'll ...

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
Count Financial has successfully defended itself against a class action which was filed in 2020 alleging it failed to ensure financial advisers were acting in their clients' best interests. The case has been before the court for just shy of five years ...

Centuria divests three industrial assets

ANDREW MCKEAN  |  TUESDAY, 27 MAY 2025
Centuria Capital has divested three industrial assets in Southeast Queensland at an average sales premium of 25%. The real estate funds manager said it capitalised on strong investment demand for industrial assets, benefiting from tailwinds created ...

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... remove the direct tax rebate on insurance premiums, which it said would reduce the amount of tax paid by the fund, but the benefit of this will no longer be paid to members. "Currently, BUSSQ passes the benefit of this tax deduction on to insured members ...

Industry groups hammer out guidance on tax-deductible advice fees

ANDREW MCKEAN  |  MONDAY, 26 MAY 2025
... accounting community to understand the practical implications of the tax deductibility of advice fees, which will "ultimately benefit our clients. CPA Australia superannuation lead Richard Webb, meanwhile, said the association will continue to explain ...

Aware Super cuts fees for retiree members

JAMIE WILLIAMSON  |  MONDAY, 26 MAY 2025
... superannuation fund in Australia and we invest $190 billion on behalf of our 1.2 million members. We want to share the benefit of our size and scale by passing fee reductions on to our members. In the first year alone, this cut will save our retired ...

Super tax debate suffocates action for low-income Australians

ANDREW MCKEAN  |  FRIDAY, 23 MAY 2025
... apprentice earning $27,778 per year would reach their maximum LISTO entitlement early, long before they receive the full benefit. "Boosting the cap to $810 would ensure workers aren't penalised simply because super contributions are rising as intended," ...

Most investment managers see outflows - but who captured the most?

ANDREW MCKEAN  |  THURSDAY, 22 MAY 2025
Over the past year, most investment managers recorded net outflows, however, a few defied that trend in a big way, netting over $1 billion, according to Rainmaker Information. Of the 160 managers in Rainmaker's database, 90 had net outflows, with a ...

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
... Trading Capital (both deregistered). McCabe was sole director of both companies. He used the stolen funds for his own benefit for business and personal expenses. He entered a guilty plea in September 2024 to three offences of dishonestly obtaining a ...