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Showing 51 - 60 of 100+ results for "Superannuation"

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... assist SMSFs, the association has highlighted five key areas of relief that SMSFs should factor into this year's superannuation reporting. They are: Rental relief Loan repayment relief In-house asset relief Minimum pension drawdowns SMSF residency ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
The Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

ASIC reviews super calculators

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
ASIC is proposing to overhaul superannuation calculators and retirement estimates so that the tools complement the upcoming Retirement Income Covenant. Seeking industry feedback until 28 January 2022, the corporate regulator launched a consultation ...

BlackRock Australia expands client distribution team

CHLOE WALKER  |  THURSDAY, 18 NOV 2021
... responsible for developing and maintaining relationships with local sovereign wealth funds, government agencies and superannuation funds. Ortega joins from J.P. Morgan's London office and brings over 10 years of experience in client services across ...

More mergers, minimal awareness: KPMG

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
... there was more merger activity in the 12 months to October than any previous year, about 80% of members in merged superannuation funds weren't even aware their fund had merged. According to KPMG's Superannuation Transformation & Consolidation Report ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
AMP has entered a court enforceable undertaking with APRA over historical matters related to its superannuation business. The CEU follows more than two years of investigation by APRA and relates to trustees AMP Superannuation Limited and N.M. Superannuation ...

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
Protecting members' best interests, APRA has imposed additional conditions on EISS Super's licence - including that it must merge with a larger fund by the middle of next year. The move follows APRA's investigation into expenditure and governance ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
Financial Standard understands BT is preparing to announce the sale of its superannuation business, with the group confirming changes are underway. Financial Standard understands several roles were made redundant yesterday, with more expected throughout ...

Super funds up offshore investments: Survey

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
Based on their currency hedging strategies, superannuation funds increasingly look offshore not only to invest in equities but also to gain more exposure to unlisted assets. According to NAB's 2021 Superannuation FX survey of 54 super funds, allocations ...