Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 1071 results for %22Super Consumers Australia%22

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... minimum level of service that consumers can expect to receive when making a claim on their life insurance through their super fund. The standard applies to FSC super members who hold a public or extended public offer licence to operate a RSE under the ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... announced it fined superannuation trustee Diversa Trustees $13,320. Diversa is the issuer of superannuation product Cruelty Free Super. Cruelty Free Super is a sub-fund of the Tidswell Master Superannuation Plan. The regulator said it was concerned that ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... raise that it's not the right benchmark as it's not aligned with improving member outcomes. Super Consumers Australia director Xavier O'Halloran commented eight million members are now experiencing lower fees because of the greater focus ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... some trustees were also failing to adequately record complaints received. In response to the report, Super Consumers Australia director Xavier O'Halloran said: "Consumers have been left on hold for too long, it's time for super funds to stop talking ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... increased retirement incomes per individual every year on average. The reforms would also help two million more retirees with super savings obtain financial advice by 2040. This figure will increase to 3.4 million by 2060. "These retirees would collectively ...

Hostplus defies inflation fears

ELIZABETH FRY  |  MONDAY, 28 NOV 2022
... September were -5.9%. Hostplus' balanced option returned -3.7% for the period, ranking seventh in the sector. But the super fund returned 5.6%, 7.0% and 8.9% for the previous three, five and 10 years. This compares to the median which came in at ...

Winners are grinners: FPA awards

CHLOE WALKER  |  WEDNESDAY, 23 NOV 2022
... and intangible impacts of his advice, impressed the judges. "Further, his advocacy at a grassroots level, including with super funds and lawyers to improve their processes, is to the benefit of his clients and the financial planning profession more broadly," ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... an average of 200 complaints per day, over the past four years. AFCA explained banks, general insurers, credit providers, super fund trustees and or advisers as well as underwriting agencies generate the most complaints. The one-stop-shop for disputes ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... said. Irrespectively, current levels of borrowing by SMSFs were said to be unlikely to pose a material systemic risk to the super or broader financial system at this time. However, this isn't withstanding evidence LRBAs are used in inappropriate ways ...

Advisers, non-relevant providers will not compete: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 16 NOV 2022
... she is mindful that is still a continued concern. "I come back to what is my job; my job is to help get more advice to consumers," she said. "I don't think that it's possible for the 16,000 financial advisers that there are today - hopefully ...