Search Results | Showing 1 - 10 of 19 results for "MySuper accounts" |
| | | ... longer time horizons of young investors. Notably, Australians under the age of 40 account for over 10 million MySuper accounts, indicating an investment timeframe of 25 to 40 years before their superannuation becomes accessible. "The problem of being ... |
| | | | ... three documents and greater flexibility and more time for clients to renew," he said. Although ongoing fees for MySuper accounts will be banned, he said, other advice fees will still be permitted. "This is an important outcome." Financial Planning Association ... |
| | | | ... implement the reforms to superannuation. Three other measures announced include: an ATO-run portal for selecting MySuper accounts, stapling accounts and members, and a greater obligation of transparency and accountability on members. ATO will develop ... |
| | | | After months of delay due to COVID-19, Perpetual MySuper accounts will be transferred to CareSuper on or around 30 October 2020. "We wrote to Perpetual MySuper members in March 2020 to advise of the transfer to CareSuper scheduled for 1 May 2020. Due ... |
| | | | ... renewed annually. The recommendation states that the deduction of any advice fee from super accounts, excluding MySuper accounts, should be prohibited unless the requirements about annual renewal, prior written identification of service and express written ... |
| | | | ... Draft legislation currently open for consultation would stop Australians paying for financial advice from their MySuper accounts. The Financial Planning Association of Australia is among those who oppose the move. The FPA is arguing that it will create ... |
| | | | Latest data from APRA shows more MySuper accounts closed in the last financial year than were opened. According to APRA's annual MySuper statistics, about 2,151,403 new MySuper accounts were created in the 2018/19 financial year. However, about 2,189,859 ... |
| | | | ... changes. Hartzer said the changes in Westpac's wealth arm - including exiting financial planning and migrating MySuper accounts - hurt revenue in the short term but would support customers and help the bank "build a more sustainable business." The ... |
| | | | ... introduced by 30 June 2020, alongside action on the recommendation to halt advice fees from being deducted from MySuper accounts. The government also committed to reviewing measures implemented by government, regulators and financial services entities ... |
| | | | ... penalty provision in the event of a breach - which is to be enforceable by ASIC. Stop deducting advice fees from MySuper accounts Hayne recommends the cessation of advice fees and other intra-fund advice fees deducted from MySuper accounts - which is ... |
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