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Showing 71 - 80 of 100+ results for "Superannuation"

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how much it recovers from the superannuation, life insurance and financial services sectors it regulates. Licensees that provide personal advice to retail clients will pay ...

Supply chain issues push up retiree expenses

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... singles saw living expenses in their twilight years rise 1% in the September quarter, the latest Association of Superannuation Funds of Australia retirement index shows. Couples aged 65 need $63,799 per year and singles need $45,239 per year to live ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... permission to change its rules to create a special pool of capital to pay any future fines. Following changes to the Superannuation Industry (Supervision) Act in response to the Royal Commission, many profit-to-members funds will have to restructure ...

Sunsuper moves $20bn mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
... comes after Vanguard announced it would no longer be managing super fund mandates, as it moves to launch its own superannuation offering. SSGA will manage Sunsuper's passive strategies in Australian Shares, International Shares - Developed Markets ...

What super funds should know about Gen Z

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
... cryptocurrency, and a third are now keen for advice on how to invest. However, they are deeply disengaged from their superannuation. Two in five (41%) said they didn't care who their super is with -- and only 15% want to invest more into their retirement ...

Test-induced movement marginal: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 10 NOV 2021
... assessed by APRA, 13 of them failed. These products were AMG MySuper, ASGARD Employee MySuper, Australian Catholic Superannuation and Retirement Fund's LifeTime One, AvSuper Growth, BOC MySuper, Christian Super's My Ethical Super, Colonial First ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... wrapped up its consultation on the Retirement Income Covenant exposure draft legislation. The new law would see superannuation trustees design a strategy for retirees or near-retirees that maximises their retirement income over their later years. The ...

AustralianSuper, LUCRF push ahead on merger

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
The boards of $7.4 billion LUCRF Super and $230 billion AustralianSuper have approved a Heads of Agreement as they continue to advance discussions towards a merger. This agreement follows the successful completion of due diligence by the two funds and ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
... answers were added to the regulator's extensive list just yesterday. At the recent Australian Institute of Superannuation Trustees' ASI Conference, APRA general manager Katrina Ellis was asked why the regulator didn't publish the quantum ...

ASIC shuts down unlicensed investment scheme

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
An unlicensed financial services firm that allegedly misappropriated $5.7 million from self-managed superannuation fund members is in the process of being shut down by ASIC. ASIC obtained interim orders and injunctions from the Queensland Federal Court ...