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Showing 71 - 80 of 92 results for "Active Super"

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
The Government's move to reintroduce its member interests superannuation reforms continues to rile pockets of the super sector. The national advocacy group for women employed in superannuation and financial services, Women in Super (WIS), has condemned ...

ATO guides SMSFs on PYSP changes

HARRISON WORLEY  |  THURSDAY, 16 MAY 2019
... funds. However, the ATO will now be able to proactively consolidate eligible unclaimed super money into eligible active super accounts - including SMSFs and small APRA funds - if an individual hasn't requested a direct payment or for it to be rolled ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement ...

Untouched super sits at $18 billion: ATO

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... super accounts. The Association of Superannuation Funds of Australia suggests the ATO, which has the details of the active super accounts belonging to most individuals with unclaimed super, should return unclaimed funds currently captured by legislated ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA ...

ATO must reunite individuals with lost super: ASFA

EMMA RAPAPORT  |  MONDAY, 13 FEB 2017
A peak superannuation body is calling on the federal government to increase its responsibility in reuniting Australians with millions of dollars in unclaimed super. In a pre-budget submission Association of Superannuation Funds of Australia (ASFA) chief ...

Capital not enough to prevent failures

KERRIE SYDEE  |  WEDNESDAY, 31 AUG 2016
A lone reliance on capital is an "unwise strategy", according to APRA chair Wayne Byres who said the industry must accept and prepare for failures in the banking industry. Speaking at the Actuaries Institute Banking Conference Byres noted that while ...

Vision Super calling all low balance members

DARREN SNYDER  |  TUESDAY, 24 NOV 2015
Vision Super is contacting members with low and inactive balances in a bid to keep their accounts active. The customer retention program is aiming to steer member funds away from the administration of the Australian Tax Office (ATO) and consolidate ...

New laws define inactive super members

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
... within the last 12 months. The proposal will allow inactive superannuation accounts to be consolidated in to members' active super accounts without the individuals' consent. The legislation forms part of a 2015-16 Budget measure that aims to remove an ...

Super accounts on path for consolidation: Shorten

CLAIRE MCGREAL  |  WEDNESDAY, 22 FEB 2012
Up to 6.9 million inactive super accounts will be rolled over into active accounts once the Stronger Super reforms kick in on January 1, 2014 according to Financial Services Minister Bill Shorten. The Minister was in Melbourne this morning to launch ...