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Showing 811 - 820 of 8574 results for "SIM"

Super for housing debate heats up

ANDREW MCKEAN  |  MONDAY, 23 SEP 2024
A recent report by economist Saul Eslake, which criticised the use of superannuation for home deposits, has been labelled "deeply flawed" by Australian Institute for Progress executive director Graham Young. Young said allowing home buyers to tap into ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
The regulator's recent crackdown on risk and compliance in the sector has product issuers stuck between a rock and a hard place, with an extreme dearth of talent making it difficult for fund managers and super funds to meet ASIC's expectations. Earlier ...

Reforms needed to boost engagement: ASFA

MATTHEW WAI  |  MONDAY, 23 SEP 2024
Research from the Association of Superannuation Funds of Australia (ASFA) shows only half of all adult Australians have consulted any source of information on preparing for retirement. The group says Tranche 2 of Delivering Better Financial Outcomes ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
ASIC and the Reserve Bank of Australia (RBA) have been given new powers under new financial market infrastructure laws to enhance their licensing, supervisory, and enforcement abilities. The Treasury Laws Amendment (Financial Market Infrastructure and ...

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
The Reserve Bank of Australia (RBA) and Treasury today released a report on central bank digital currency (CBDC), citing a three-year project is now underway for wholesale CBDC. In a thorough report, Central Bank Digital Currency and the Future of Digital ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
The government is consulting on new regulations to relax restrictions on legacy superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
Employers who fail to pay superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans ...

TelstraSuper picks Equip for merger partner

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
After announcing earlier this year that it was open to a merger, TelstraSuper will now explore a 'merger of equals' with Equip Super. In May of this year, and after 30 years in operation, TelstraSuper announced it was on the hunt for a merger ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Wheelhouse Investment Partners is closing its doors, having decided it's no longer financially sustainable to continue operating its funds. Wheelhouse Investment Partners was founded in May 2017 as a specialist income manager by Alastair MacLeod ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Most members will save about $100 per year after the reductions, while some will save as much as $375. MLC Super said the majority of members in its MLC MasterKey and Plum range will pay less in administration fees from October 1. MLC general manager ...