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$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the proposed tax is "deeply flawed" and would come with many ...

Investors plan to continue private markets love affair

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
More than 50% of investors are expecting to increase their exposure to private markets over the next 18 months, with infrastructure and private debt managers expected to benefit most. That's according to bfinance's latest Global Asset Owner Survey ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
A Matrix Planning Solutions adviser is suspended from providing advice for the next three months after failing to supply Statements of Advice (SOAs) where required. Ian Reid, the principal adviser at Temora's A&B Financial Planning, was suspended for ...

Super funds set renewables targets

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... proposal to identify priority projects. "There is great enthusiasm from the superannuation and broader investment sector for the next steps agreed in the discussion," Delahunty said. ASFA said its report recommendations would also make Australia an attractive ...

Private equity, real estate spearhead unlisted assets demand

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
Private equity and real estate will reap the bulk of inflows and deliver elevated returns over the next five years compared to other private markets asset classes, a new report from IFM Investors shows. The survey of 700 global institutional investors ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... since August 2023." The fund expects the death claims remediation program will be substantially completed by the middle of next year and a dedicated team has been established to support affected beneficiaries. This comes after ASIC launched proceedings ...

Pinnacle goes global with acquisitions

JAMIE WILLIAMSON  |  THURSDAY, 21 NOV 2024
... director Ian Macoun said. "We look forward to partnering with the VSS Capital and Pacific Asset Management teams through this next phase of accelerated growth." Pinnacle said it is actively seeking to expand offshore, eyeing businesses with substantial ...

Coalition urges super funds to push for QAR reforms

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... it's not the entire retirement system. Home ownership is extremely important to deliver better retirement outcomes, and the next step in supporting this ambition for many Australians is our super for housing policy."

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... times across the industry. The regulator is currently reviewing death benefit claims and will release a full report early next year; however, it told super fund chief executives that there are many shortcomings it's identified so far that require immediate ...

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... tandem with the government's Delivering Better Financial Outcomes package, and we'll consult on the changes in detail next year," Chalmers said. A new retirement outcomes reporting framework will also commence in 2027. There will also be voluntary ...