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Showing 801 - 810 of 13653 results for "member"

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
... steeper premiums from the start - $3.47 a week at age 20 - peaking at $12.09 by 55. Premium value - the amount of cover a member gets per dollar of weekly premium - nudged up in 2025, rising 4% to $45,200 for a 40-year-old in a low-risk job. This marked ...

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
... It also found cases in which decisions to continue with contracted expenditure did not demonstrate a clear rationale or member benefit, insufficient levels of due diligence being conducted, and some RSEs lacking standardised processes for entering into ...

Super a 'taxpayer subsidised inheritance scheme': Grattan

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
... for retirement. "Also, not a lot of this money looks like it's actually being spent in retirement. The typical super fund member is a net saver in retirement," he said. "Their balances continue to grow for decades after they retire. And by 2060, the ...

Dodgy dentist defrauds members after draining super for medical procedures

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
... year on year. Six years ago, some $389.1 million was taken out of superannuation that was used for medical treatment for a member or a member's dependent, marking a whopping 157% increase. "For many patients, accessing their superannuation early ...

Nominations open for 2025 Power50

STAFF WRITER  |  MONDAY, 23 JUN 2025
Nominations for the 2025 Financial Standard Power50 are now open as we recognise the country's most influential advisers who continue to raise the standards for the profession and provide outstanding service to clients and the wider community. This ...

SMC backs principles-based approach to corporate governance

ANDREW MCKEAN  |  MONDAY, 23 JUN 2025
... good governance is fundamental to advancing the interests of the millions of Australians with savings managed by profit-to-member super funds. "New research shows profit-to-member super funds with equal representation boards have consistently and significantly ...

ESSSuper, UniSuper spearhead member satisfaction

KARREN VERGARA  |  MONDAY, 23 JUN 2025
ESSSuper and UniSuper lead the way for the significant increase in superannuation member satisfaction, a new survey from Investment Trends reveals. The 17th edition of the 2025 Super Member Engagement Report saw super funds' improved service strategies ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
... product, the super fund must hold $10 million in assets to be treated as a wholesale investor," they told the recent AFCA Member Forum. "Further, Section 761G (7) - which sets out an assets, income or investment threshold wholesale test - specifically ...

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... decrease in premiums. There will also be changes around the definition of terminal illness and the maximum level of cover a member can have. ART said to better align the scheme with the Superannuation Industry (Supervision) Regulation 1994 (SIS) definition ...

Green moves: Airtrunk, JPMorgan, T. Rowe Price

ELIZABETH FRY  |  THURSDAY, 19 JUN 2025
... together, these strategies aim for both benchmark outperformance and measurable impact. In addition, T. Rowe Price and IFC, a member of the World Bank, announced plans to create a pioneering global blue bond strategy to increase access to finance for ...