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Showing 61 - 70 of 267 results for "Super Savings"

Super funds drop Russian assets

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia. Yesterday Treasurer Josh Frydenberg and Senator Jane Hume released a joint statement requesting that ...

Biggest ever super merger completes

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
... approximately two million members and 2500 employees. ART has committed to reducing fees from 1 July 2022, with ART Super Savings account members to see their admin fees cut from $1.50 to $1.20 per week, and ART QSuper account members see theirs cut ...

What will it take to get super on parental leave?

ELIZABETH MCARTHUR  |  MONDAY, 20 SEP 2021
... director Libby Lyons, arguing that paying super on parental leave is the most practical way to address the gap in super savings between men and women. ISA analysis of enterprise agreements shows less than 7% include a provision to pay super on paid parental ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... outperforms other types of super funds where millions of members currently languish," she said. "More than one third of super savings are currently excluded from scrutiny and disclosure and these members have no way of knowing whether their fund would ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... said they create more consumer harm and does not deliver on its objectives. The AIST is concerned that one third of super savings will not be subject to the performance test. "AIST remains deeply concerned that these legislative carve outs provide incentives ...

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
... result in significant unintended member detriment," Scheerlinck said. "This bill excludes more than one third of super savings from scrutiny and disclosure and does not prevent members from being stapled to funds that have not been tested or have failed ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... of super members. The performance test relating to trustee-directed products will not apply to up to 40% of the super savings (FUM) in Choice products. If funds fail performance tests, members will have to be written to in paper and emailed by the fund ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on a first home. They might have expanded the First Home Saver Super Scheme, almost doubling its capacity ...

Link Group announces new partnership

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 APR 2021
... their funds while augmenting the information they receive on performance with tools to assist in achieving their super savings goals. One of the most important steps is for members to understand how to transition to retirement with the best outcomes ...

ERS disproportionately impacted women

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... balances, compared to 17% of men. Female AMP super members were also found to be more likely to clear out their super savings entirely (14%) compared to men (12%). Rest also reported that the number of women using its digital finance tools quadrupled ...