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Showing 1 - 10 of 100+ results for "Superannuation"

Natixis hires sales director from First Sentier

KARREN VERGARA  |  WEDNESDAY, 27 OCT 2021
... Watson. Tighe said he looks forward to bringing his experience of working with various institutional clients from superannuation funds to foundations and family offices. Separately, the firm's head of global market strategy Esty Dwek left in October ...

LGIAsuper, Energy Super change fees

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
... scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits. Members of the superannuation fund will no longer be charged a $1 weekly administration fee and will pay an annual percentage-based fee of 18bps of their ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... pandemic. The surveillance revealed conduct that fell below ASIC's expectations, the regulator said. "We expected superannuation trustees to have robust conflict of interest policies that dealt adequately with investment switching, including by their ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...

AFCA appoints senior ombudsmen

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... ombudsmen to work closely with the lead ombudsmen across banking and finance, insurance, investments and advice, and superannuation. All seven appointments are internal promotions, AFCA noted. Anne Maree Howley has been appointed senior ombudsmen, superannuation ...

Superhero raise takes it across the ditch

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
... Australians to manage their wealth." In July, it launched Superhero Super, which gives members control over their superannuation investments without the need to establish a self-managed super fund.

Australian corporate bond overhaul

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... through the growth of the corporate bond market. Investigate options to remove barriers inhibiting the investment of superannuation in the Australian corporate bond market. All the recommendations from the committee, chaired by MP Jason Falinski, are ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... financial advice offering, AIA Financial Wellbeing, in December 2021. Commonwealth FP customers with life insurance, superannuation of wealth advice will be referred to AIA Financial Wellbeing. Those who do not wish to move over to AIA are being advised ...

Government-run super would leave members worse off: ISA

KARREN VERGARA  |  MONDAY, 25 OCT 2021
New modelling from Industry Super Australia finds that the establishment of a government-run fund would see a member $126,000 worse off at retirement. The new report, Nationalising super: Why politicians should keep their hands off your retirement savings ...

Sally Loane resigns as FSC chief

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... Code for fund managers. Loane said she has been privileged to lead the FSC, representing its 111 members across superannuation funds, funds management, life insurance, advice licensees and trustee companies. "Some of the more significant challenges have ...
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