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Showing 71 - 80 of 20613 results for %22Super%22

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... choice investment options," Vincent said. "As part of this, we're aligning the risk profiles of our MySuper offerings for Super Savings and QSuper account holders. This means Super Savings account holders will have more of their money invested in growth ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... transfer with the Alcoa of Australia Retirement Plan, one year on from discussions kicking off. In December 2022, Alcoa Super informed members it was on the hunt for potential merger partners after an independent review by KPMG found it would struggle ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
Fifteen self-managed super fund (SMSF) auditors have been reprimanded for performing in-house audits. The Australian Taxation Office (ATO) referred 15 SMSF auditors to ASIC following a review of files from audit firms. ASIC said it had concerns that ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
The Australian Financial Complaints Authority (AFCA) said it helped secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received ...

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ...

Ontario Teachers' massively underperforms benchmark

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
Ontario Teachers' Pension Plan Board reported a meagre 1.9% net return for 2023, falling short of its 8.7% benchmark, translating to a $15.8 billion negative value add. This contrasted with a modest 4% return in 2022, which surpassed its benchmark ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
The federal government is launching an initiative to provide transparency and better coordination in how it regulates financial services firms to alleviate their compliance costs and burdens. The Financial Sector Initiatives Regulatory Grid wants to ...

HESTA names head of investment execution

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... Mellon and Deloitte. The role was previously held by Gerard Brown, who was appointed in July 2019, and finished up at the super fund in 2023. HESTA chief executive Debby Blakey said: "Sophie's extensive experience in investment operations will undoubtedly ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... ringfencing part of individuals' superannuation for aged care, which is entirely appropriate - given the true objective of super." She added the phase out of RADs will also lead retirees to have greater confidence to draw down on their super in retirement. ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... products as part of a choice framework". The consultation, which wrapped up on 3 November 2023, proposes employers pay staff super entitlements on the same day they pay salary and wages effective from 1 July 2026. Hostplus pointed out that the "proliferation ...