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Showing 841 - 850 of 22846 results for "Super"

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
... Cbus estimated the financial loss impacting members came to about $20 million. As part of the overhaul, the $101 billion super fund will change its trust deed to introduce digital non-lapsing binding beneficiary nominations. The option to make a non-binding ...

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
... indexation can pose compliance challenges for affected taxpayers. Division 296, which will impose 15% additional tax on super balances over the $3 million threshold once legislated, has made no progress since passing the lower house in October last year. ...

FSC appoints two new directors

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
The Financial Services Council (FSC) has welcomed two new directors; Scott Hartley and Daniel Shrimski, to its board. Hartley has been a leader of the Australian superannuation industry for more than two decades. He currently serves as chief executive ...

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... turbulence," the report said. Under Prudential Standard CPS 230 Operational Resilience, which came into effect on July 1, super funds must factor in how they address geopolitical risks. As for AI, APRA sees it as "both a risk and an opportunity." "There ...

Aware Super makes fee changes

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
Aware Super has unveiled a slew of investment and administration fee changes for members. Members in the retirement option recently saw their administration fees drop from 0.23% to 0.17% with the annual cap also reduced from $1500 to $1300. There was ...

Ben Samild to leave Future Fund

JAMIE WILLIAMSON  |  MONDAY, 15 SEP 2025
... investment officer for two years. Prior to Future Fund, Samild spent four years as head of investment strategy at LUCRF Super. "It has been a privilege to contribute to the success of the Future Fund and to work with such a talented team of investment ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... "not where we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their members in retirement. "A recent pulse check with APRA found that one in five trustees can't track the ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million. The class action was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 ...

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
... Financial Complaints Authority (AFCA) consultation on Approaches to Family Violence and Financial Abuse of Older People, Super Members Council (SMC) is calling for greater safeguards for Australia's vulnerable, ageing population. The SMC submission highlighted ...

Australia's top allocators to share insights at InDay

STAFF WRITER  |  FRIDAY, 12 SEP 2025
Some of the biggest names in funds management, superannuation and philanthropy will come together on Tuesday, September 23 for the annual Family Office and Manager InDay. InDay is the foundation's annual manager and family office showcase - a curated ...