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Showing 1 - 10 of 52 results for "Super Consumers Australia"

CSLR chief executive named

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... director. Rickard also sits on the Australian Financial Complaints Authority (AFCA) board as well as that of Super Consumers Australia, Financial Counselling Australia, and the Ecstra Foundation. In her executive career, she held senior roles with the ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... pertinent information. The review had recommended the introduction of a 'good advice' duty. Super Consumers Australia said the fact the government hasn't pursued this recommendation is a win for consumers. "The best interests duty is vital ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... respond to the 2023 superannuation performance test results, the Financial Services Council (FSC) and Super Consumers Australia have said the government must still do more to ensure members in underperforming products are looked after. The FSC expressed ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... the price of everyday items, driving both the Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... members who had multiple accounts, with the average payment expected to be about $650. The news prompted Super Consumers Australia to call on ASIC and APRA to do more to address the issue and be transparent about which funds are failing to look out for ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... ensure super funds can safely and helpfully answer simple questions from people approaching retirement, Super Consumers Australia director Xavier O'Halloran said its cautious approach recognises that most retirees will pay more in fees during their ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
Super Consumers Australia (SCA) is urging all superannuation funds to review their account handling processes in the wake of AustralianSuper refunding $70 million to approximately 100,000 members who held multiple accounts with the fund. Last week ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... number of employers who intentionally rip their workers off," ISA said. Echoing ISA's sentiment, Super Consumers Australia chief executive Xavier O'Halloran noted that real-time payments will bolster the ATO's ability to detect missed super ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... disengaged members should not be left languishing in a dud super fund." In response to the heatmaps, Super Consumers Australia (SCA) stated too many super funds are funds are serving up poor performance and high fees. "It is appalling that after several ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
Australians prioritise fees and charges when choosing a new superannuation fund, according to Super Consumers Australia (SCA) research. SCA's pilot nationwide survey on Australian superannuation trends revealed that 67% of consumers consider fees ...
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