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| | | According to research commissioned by the Financial Services Council (FSC), the introduction of a scalable advice model for life insurance would see more than a million Australians have the life insurance cover they need. Research by NMG Consulting ... |
| | | | ... balances and capped at a balance of $600,000. This means all pension members will see a decrease, the highest being a $138 saving on $250,000 balance, which HESTA said is the average savings of its income stream cohort. The fund also noted that it is ... |
| | | | The Tax Practitioners Board (TPB) terminated the registration of two tax agents after finding they prepared and lodged self-managed superannuation fund (SMSF) annual returns with incorrect details. Following an Australian Taxation Office (ATO) referral ... |
| | | | ... billion annually in revenue." "These tax changes would have a negative impact on more than 15 million Australians that are saving for their retirement through superannuation by undermining consumer confidence in the objective of the system." The FSC ... |
| | | | Australia's retirement system has been awarded a B+ by Mercer and the CFA Institute in their 2022 Global Pension Index, ranking sixth overall for the second consecutive year. The index covers 44 retirement systems around the world, measuring them on ... |
| | | | The current chair of AMP Capital Funds Management is joining the board of IFM Investors. Ming Long has been appointed as an independent director, growing the board's private markets expertise. Her appointment is effective November 1 and will see the ... |
| | | | The blind rush to consolidate that gripped the $3.4 trillion superannuation sector in recent times may be finally over, according to First Super chief executive Bill Watson. Instead of seeing big funds gobbling up smaller rivals, Watson expects more ... |
| | | | The fund is increasing death and total and permanent disability insurance premiums following an increase in claims in recent years. Premiums for death and TPD will increase for most members from November 9. A 30-year-old member with a sum life/terminal ... |
| | | | Don Luke is retiring as chair of Australian Retirement Trust later this year, with Andrew Fraser named as his replacement. Fraser, chair of Sunsuper before it merged with QSuper to create ART, will take over from mid-October, while Luke will remain ... |
| | | | The choice to replace BUSSQ chair Paula Masters with a builder with years of hands-on industry experience makes sense. Chris Taylor hails from a very different background from the chairs of other super funds. It is an unusual appointment, alright. He ... |
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