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Showing 1 - 10 of 86 results for "SMC"

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
... switched into higher cost products that could erode their retirement savings. New analysis from the Super Members Council (SMC) found advice fees deducted from super accounts increased sharply between 2023 and 2025, with five super platforms accounting ...

SMC pushes for carers to qualify for SG

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
... government extends the Super Guarantee (SG) to the Carer Payment, according to new research from the Super Members Council (SMC). The report found more than one million Australians continue to miss out on superannuation because of gaps in the current ...

Super balances rise but gender retirement gap remains stubborn

VINNY VUCAGO  |  FRIDAY, 19 JUN 2026
... persistent gender retirement gap, particularly among those approaching retirement. Analysis by the Super Members Council (SMC) of recently released Australian Taxation Office data found median super balances increased 5.5% overall during the year, reflecting ...

King's honours list lauds two super fund chiefs

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
... industry through executive roles." Elia has been in the top job since 2003 and is also a director of the Super Members Council (SMC). Owen Kilpatrick, the former chair of the Nationwide Superannuation Fund between 2004 and2013, received the Medal of ...

Super funds push back on CSLR: SMC

VINNY VUCAGO  |  TUESDAY, 2 JUN 2026
The Super Members Council (SMC) has urged the federal government reject proposals that would expand funding responsibility for the Compensation Scheme of Last Resort (CSLR) to Australians in APRA-regulated superannuation funds, arguing the costs should ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... First Guardian and Shield Master Funds, where over $1 billion of retirement savings were lost. The Super Members Council (SMC) welcomed the decision and highlighted the need for more consumer safety in super following the devastating collapses. "Overall ...

Unpaid super costs workers $24.4bn: SMC

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
... five years to 2023, reinforcing the need for Payday Super, the lobby group says. New analysis from Super Members Council (SMC) found one in four workers were underpaid super between 2018 and 2023, equating to almost $6 billion a year being lost in retirement ...

SMC backs proposal to close family violence super loophole

VINNY VUCAGO  |  FRIDAY, 1 MAY 2026
The Super Members Council (SMC) has thrown its support behind proposed legal changes aimed at preventing perpetrators of domestic and family violence from accessing their victim's superannuation. Under existing super law, a family violence perpetrator ...

SMC calls for guaranteed super for domestic workers

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2026
The Super Members Council (SMC) has called on the government to scrap laws which deny domestic workers in private homes - cleaners, housekeepers and nannies - guaranteed superannuation. SMC said these workers are primarily women and the laws are "outdated ...

Super Consumers Australia raises concerns over Treasury reforms

RIDDHIMA TALWANI  |  THURSDAY, 9 APR 2026
... hold those responsible accountable, is crucial for investor confidence and market efficiency." The Super Members Council (SMC) also welcomed the government's move to reset the compensation scheme by better reflecting where the biggest losses and risks ...
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