Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 12 results for "Super consolidation"

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... Bhandari was found to have prioritised his own interests over the interests of consumers. He charged fees for super consolidation - a service which is free through the ATO - on an ad hoc basis without transparency, fairness, or consistency. ASIC said ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
Within the next decade, the number of superannuation funds serving Australians will drop by 60%, according to a new KPMG report. New KPMG research shows the 217 APRA-regulated superannuation funds will shrink to 138 within the next five years, with ...

Super consolidation imminent: research

KARREN VERGARA  |  FRIDAY, 24 FEB 2017
The number of super funds (excluding SMFSs) have dropped by 72% from 872 to 244 in the last ten years (see Figure 1), according to new research from Rice Warner. The annual Superannuation Market Projections Report shows in 2016, 83 out of 219 funds ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
... general advice can be offered would be a bad policy outcome for Australians." The organisation affirmed that super consolidation programs, such as their telephone campaigns, are designed to assist Australians in maximising their retirement savings, with ...

Adviser Network sets focus on super consolidation

KERRIE SYDEE  |  THURSDAY, 10 NOV 2016
Adviser Network has unveiled a new super consolidation tool in a bid to curb the growth of unclaimed superannuation in Australia. To help address the issue, Adviser Network has developed SuperFusion Plus, a simple super consolidation tool which allows ...

ING DIRECT inks deal with advice association

LAURA MILLAN  |  FRIDAY, 4 DEC 2015
... national partnership manager of residential and wealth, Tim Hewson said. "In recent years we've seen an uptick in super consolidation and switching and increased demand for transparency and control. Australians want to get ahead with their super, which ...

New centre to lead advocacy for super fund members

LAURA MILLAN  |  MONDAY, 18 FEB 2013
... Wyman as well as ASIC and ATO sources, if the centre could help educate super fund members about lost super, super consolidation and their investment returns, the aggregate savings could be as high as $3.8 billion. In addition, if 2% more working Australians ...

New tax proposals aim to consolidate lost super

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... funds. The House of Representatives economics committee is urging MPs to adopt the bill, aimed at simplifying super consolidation and improving business tax rules in certain areas. These include capital gains tax, hire purchase arrangements, financial ...

New online super tracking portal

ELISE BURGESS  |  MONDAY, 26 SEP 2011
... system, to relocate 5.8 million lost Australian superannuation accounts holding $18.8 billion. In a bid to make super consolidation an easier process, the Australian Taxation Office (ATO) is currently developing a new online form for Australians to track ...

AMP targets youth with new campaign

ELISE BURGESS  |  TUESDAY, 23 AUG 2011
AMP and Nova FM have launched a new competition offering its super consolidation service with the chance to win a personal assistant for two days or a $15,000 travel voucher in a bid to attract the youth market to super. Running from August 12 to September ...
PAGE:
1
PREVIOUS
NEXT