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Search ResultsShowing 1 - 10 of 100+ results for "Super"
AFP charges early release scammers
ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release of super (ERS) claims. Police will allege the group submitted several fraudulent applications, claiming to be other superannuation fund ...
New platform launches for super funds
ELIZA BAVIN  |  MONDAY, 10 AUG 2020
A new platform has been launched for super funds aiming to help navigate the mounting pressure to improve returns and lower investment fees, costs and taxes. Parametric announced the new platform, saying with super funds facing increased pressures it ...
ERS doesn't justify higher SG: Grattan
ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... individuals who have lost their job or had their hours or trading income cut by 20% or more to withdraw up to $10,000 from their super between April and June, and up to another $10,000 between July and December. More than 500,000 people have cleared ...
MySuper returns negative
ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... delivered an average return of -0.9% last financial year. It is the first negative annual financial return for default super products since the Global Financial Crisis. The GFC in 2008-2009 delivered financial returns in default superannuation products ...
IOOF divests Australian Ethical
ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... by IOOF's failure to put governance and conflicts management arrangements into place to safeguard the interests of super members over a long period. In 2018 Australian Ethical divested AMP over revelations about AMP's advice business that emerged ...
Super funds slapped over smoker premiums
ALLY SELBY  |  FRIDAY, 7 AUG 2020
... 'smoker' statuses to new members, with only four of the aforementioned businesses set to refund members. Of the seven super funds, CFS, Equity Trustees, Intrust and Netwealth will cough up $3.6 million in compensation to 5000 members - while ...
SG amnesty deadline nears
ALLY SELBY  |  THURSDAY, 6 AUG 2020
... technology, Senator Jane Hume said the amnesty allows employers to set things right without the fear of ATO retribution. "Super is a form of deferred wages and every bit as important to be paid, and paid in full," she said. "The super guarantee amnesty ...
Tax impacting super fund investment strategies: Research
ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
New research from Parametric Australia suggests the taxation system is negatively impacting super funds' long horizon approach to investing. The research, titled Unlocked: A Framework for Superannuation Equity Portfolio Evolution in a Taxable Environment ...
It's your money: Hume calls out Keating
ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... Senator Jane Hume has called out former Prime Minister Paul Keating over his criticism of the government's Early Release of Super scheme, calling him elitist. Taking to Twitter, Hume implied the former Prime Minister was part of an elite upper-echelon ...
ERS scheme referred to Auditor-General
ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... much superannuation would be withdrawn. Jones blamed the alleged "administrative failures" for Australians removing their super without meeting the requirements. "The consequences of these administrative failures for taxpayers are dire," he said. "Fines ...
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