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Showing 51 - 60 of 1071 results for %22Super Consumers Australia%22

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
Super Consumers Australia (SCA) is urging all superannuation funds to review their account handling processes in the wake of AustralianSuper refunding $70 million to approximately 100,000 members who held multiple accounts with the fund. Last week ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
... complaints received, by product line, 1427 or 8% were related to superannuation. AFCA attributed this to the Early Release of Super Scheme. A further 438 related to investments (3%), and 154 were over life insurance (0.9%). The bulk of complaints were ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... financial services industry, the government remained firm in its plan to double the concessional tax rate from 15% to 30% for super balances above $3 million. However, the SMSF Association called for the government to reopen the consultation and said ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... (AIST) called out advice firms that use third parties to solicit business through cold calling. Unsolicited calls to consumers about superannuation advice should be banned, the industry body said in its pre-budget submission, adding that it is aware ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... number of employers who intentionally rip their workers off," ISA said. Echoing ISA's sentiment, Super Consumers Australia chief executive Xavier O'Halloran noted that real-time payments will bolster the ATO's ability to detect missed super ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... "languishing on the minister's iPad." "And I worry too about bargains and compromises. These are bad outcomes for consumers. You will excuse me if I am a little intemperate in my own language," she said. Levy also pointed out some home truths for ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... disengaged members should not be left languishing in a dud super fund." In response to the heatmaps, Super Consumers Australia (SCA) stated too many super funds are funds are serving up poor performance and high fees. "It is appalling that after several ...

MAX Awards 2023: Get voting

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
... year's awards attracted over 13,000 votes, with big winners including Janus Henderson, UniSuper, Betashares and Aware Super celebrated at an evening event at Doltone House. The 2023 awards will be presented on Thursday, June 1 at an event at Crown ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... including the taxing of unrealised gains, the lack of access to the one third Capital Gains Tax discount that applies to super funds and the lack of access to the benefit of franking credits that would otherwise be available to super funds," she said. ...

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... of home buying firm Enigma, Edden-Brown had wrongfully told consumers who didn't meet the conditions for early release of super that they could access their super early to buy a home or pay personal debts. Edden-Brown also assisted consumers in doing ...