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| | | The Parliament has passed the latest amendments to the superannuation excess contribution tax (ECT), implementing the final piece of legislation to reform the unpopular tax, says Taxpayers Australia Limited. "The rationale for ECT made sense at the ... |
| | | | The SelectingSuper MySuper (ie Workplace) rolling 12 month performance index made a remarkable recovery during January as it surged 320 basis points to reach 11.5%, with retail MySuper products stretching their short term segment lead to 0.7%. Three ... |
| | | | ... the construction of a robust portfolio, as well as increasing comfort with the product structure from platform Superannuation Trustees," said BetaShares managing director Alex Vynokur. "Each of these funds provides a different exposure and can be used ... |
| | | | NGS Super, the industry superannuation fund for education and community-focused organisations, has appointed Frontier Advisors as an investment advisor. The $6.7 billion fund undertook an extensive market review in late 2014 after inviting a number ... |
| | | | ... the S&P/ASX 200 and the S&P/ASX 300. The indices are designed to suit the needs of both tax-exempt investors and superannuation funds, accounting for relevant tax rates. "Investors typically are focused on after-tax investment returns. As a result, Australian ... |
| | | | ... government will come after the more than $30 billion that the Treasury Tax Expenditure Statement (TES) calculates superannuation costs in concessions. The SMSF Association maintains that the TES is not designed to act as a policy message - a point that ... |
| | | | ... in Sydney. Arguing that the media had misrepresented his views, Murray explained that the FSI recommended that superannuation funds should not be able to have "direct leverage". He continued: "In other words, they should be able to borrow for short-term ... |
| | | | ... Guiamatsia said. "Collectively, Australia's HNW investors hold $1.6 trillion in assets, nearly equivalent to the entire superannuation industry," she added. Growth was fuelled by a strong performance of the share market, which was up 12% during the period ... |
| | | | ... appears they are approaching employers and offering deals to bundle business banking services with employee default superannuation," Whiteley continued. "In the best interests' of employees, the law should be changed to prohibit a bank-owned super fund ... |
| | | | While over half (55.2%) of Australians know how much savings they will need for a comfortable retirement, only a quarter (24.5%) are making additional super contributions to reach this goal, according to a survey commissioned by Club Plus Super. Club ... |
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