Search Results | Showing 1 - 10 of 46 results for "Rollover Fund" |
| | | The annual KPMG Super Insights report has called 2020 and 2021 a challenging period for the superannuation sector, the impact of which will be felt for some time to come. Over 2020/21 investment markets and the super sector rebounded from the initial ... |
| | | | ... we will transfer just over $210 million to Hostplus, and $730 million to the ATO." AUSFund acted as the eligible rollover fund (ERF) for over 40 superannuation funds including both industry funds like AustralianSuper and UniSuper, and corporate funds ... |
| | | | Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ... |
| | | | Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ... |
| | | | Fees across all super fund types dropped to record lows last financial year, according to a recent study conducted by Rainmaker. The key finding of a review of 2720 products offered by 169 super funds, super fees came in at a total of $29.6 billion ... |
| | | | ... Following a report by the ABC, AMP has confirmed it is depositing refunds owed to former customers into AMP Eligible Rollover Fund accounts opened in their name. A spokesperson for AMP told Financial Standard the refunds are for plan service fees - for ... |
| | | | 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 ... |
| | | | ... Committee on Economics has been grilling superannuation funds over the practice of transferring "zombie accounts" to rollover fund AUSfund. "Personally, I believe in the spirit of the law, transferring them to the ATO was the right thing to do," Wade ... |
| | | | ... April 2020. Link flagged that some funds are already moving to transfer inactive member accounts to an eligible rollover fund (ERF) to facilitate early consolidation, but the "principal impact" of the legislation will be felt in FY20. Link did not disclose ... |
| | | | Aon will jettison its financial advice business, and has confirmed the transfer of its Eligible Rollover Fund to AUSfund. The Australian arm of the global financial services giant announced it will sell its finance advice arm and exit its aligned adviser ... |
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