Search ResultsShowing 61 - 70 of 100+ results for "superannuation"
Retail funds outperform, but industry funds dominate
HARRISON WORLEY  |  MONDAY, 3 FEB 2020
... years, as the impact of a poor quarter of performance in December 2018 begins to drop away. Rainmaker head of superannuation research Jason Ross said that importantly, super fund members were still being served well thanks to a decade of positive results ...
SG increase means lower wages: Grattan
HARRISON WORLEY  |  MONDAY, 3 FEB 2020
... Grattan Institute has again weighed into the ongoing debate over the necessity of the legislated increase to the superannuation guarantee. In a new research paper, Grattan claims workers "overwhelmingly" pay for increases to the super guarantee through ...
Retirement funding system failing: Report
ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... year. The report said the purpose of the review is to ascertain the degree to which retirees are supported by superannuation, the age pension and other savings including home equity. "However, as evident from a recent survey, Australia's retirees ...
The PDS is weak: Rice Warner
ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... arisen in part due to the prescriptive nature of product disclosure," Rice Warner said. "Financial institutions and superannuation funds have used legalese to respond to their statutory legal requirements and regulators' guidelines." The delivery of ...
Frydenberg takes RC super advice
HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... draft legislation implementing several of the report's recommendations, including many pertaining specifically to superannuation. In a statement on Friday afternoon, Frydenberg took aim at 22 of Hayne's recommendations, including implementing the Commissioner's ...
Ongoing fees, advice fees in super to be reformed
ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... aims to increase obligations around charging ongoing fees for financial advice and outlaw advice fees charged by superannuation funds. On Friday, the government released consultation draft legislation to implement 22 recommendations and two additional ...
New MySuper outcomes tool set for release
HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
A new tool will be released on Monday allowing trustees of superannuation funds to compare the outcomes of their MySuper option with those of their competitors. Superannuation investment solution provider Trustee Tailored Super (TTS) is planning to ...
Sargon runs out of steam
KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... that used Diversa Trustees as its trustee. As of April end last year, Sargon had the biggest slice of the new-age superannuation market with its Diversa Trustees and Tidswell acting as the responsible service entity for 66% of the products. The news ...
Industry fund dumps Link
HARRISON WORLEY  |  THURSDAY, 30 JAN 2020
An industry superannuation fund managing around $2.6 billion in retirement savings has ended its seven-year administration mandate with Link. AvSuper has appointed Mercer Administration Services as administrator following a competitive tender process. ...
First State Super acquires rental properties
ALLY SELBY  |  THURSDAY, 30 JAN 2020
First State Super has acquired 55 rental units six kilometres from Melbourne's CBD in a bid to improve housing affordability for nurses, police and firefighters. The rental properties will be offered to healthcare, aged care, disability services ...
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