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Showing 851 - 860 of 4067 results for "PAI"

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
As it prepares to expand its menu, LGIAsuper has reduced fees across most of its investment options, including by more than 30% for MySuper members. Effective March 31, the total of investment and administration fees have been reduced across LGIAsuper's ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Industry Super Australia has unleashed on the loose laws and 'light touch' compliance that's costing working Australians billions in unpaid super. In a statement, ISA said: "The auditor has found the Australian Tax Office's (ATO) reluctance to 'proactively' ...

Maritime Super slapped with infringement

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 APR 2022
Maritime Super, which is soon to merge with Hostplus, has been hit with an infringement notice by ASIC over alleged misleading statements to members about its partnership with Hostplus. In a significant event notification and a newsletter sent to members ...

Pain of commodity price increases to last: World Bank

JAMIE WILLIAMSON  |  WEDNESDAY, 27 APR 2022
In its latest commodity markets outlook, the World Bank has warned prices will likely remain high through to the end of 2024 and the transition to cleaner energy may be delayed. It comes as latest Australian Bureau of Statistics data shows the largest ...

FPA names new chair

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
The Financial Planning Association of Australia will welcome a new chair next month as Marisa Broome's term comes to an end. The result of a long-term succession plan, current deputy chair David Sharpe will take over as chair on May 1, based in Perth. ...

Active Super enhances parental leave policy

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
Employees of Active Super will now receive superannuation guarantee payments for up to 12 months while on parental leave, with the super fund also extending its paid entitlements. In an effort to help bridge the gender super gap, the industry fund will ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ...

SMSFA collaborates with APRA on rollover improvements

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
The SMSF sector has been plagued with delays when rolling over funds from APRA regulated funds to SMSFs, so the industry body is working with the regulator with the hope of improving processes. SMSF Association deputy chief executive and director of ...

Spirit Super pays tribute to Doug Fry

ELIZABETH MCARTHUR  |  THURSDAY, 21 APR 2022
One of Spirit Super's founding directors and its longest serving chair, Doug Fry, passed away last week. The fund paid tribute to Fry, who was a key player in the establishment of Tasplan. He was a founding director and served as chair of Tasplan for ...

Caddick's husband chases payday

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
The former hairdresser husband of missing, presumed deceased, fraudster Melissa Caddick is continuing to pursue a stake of the wealth Caddick dishonestly amassed - despite ASIC attempting to claw back funds for victims. Anthony Koletti has been married ...