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Showing 1 - 10 of 39 results for xavier halloran

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... Collectively, the failed options hold about $4 billion in retirement savings on behalf of about 60,000 members. SCA director Xavier O'Halloran said it's clear that "something has gone wrong at these funds", adding that while the consumer body commends ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... income to contribute more and experience higher levels of financial stress throughout their working lives." SCA director Xavier O'Halloran added: "Consumer advice to contribute more to super is often not realistic for this group, and that much more needs ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... 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 retirement than ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... 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 payments. "This will ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... funds in this major segment of the market are still delivering high fees and poor investment performance," SCA director Xavier O'Halloran said. "We welcome greater scrutiny promised by the regulator, but these funds also have to take responsibility given ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
... has reduced administration fees for consumers of MySuper products." Likewise, Super Consumers Australia (SCA) director Xavier O'Halloran praised the government's YFYS review for its plan to test some of the highest-free and worst-value super ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... Council (FSC) welcomed the increase in tax rates for super balances over $3 million. Super Consumers Australia director Xavier O'Halloran said: "The proposed changes will only affect a very small percentage of people with very high balances." "Our ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran said the regulatory framework proposed by review chair Michelle Levy will result in independent, professional ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... it's not the right benchmark as it's not aligned with improving member outcomes. Super Consumers Australia director Xavier O'Halloran commented eight million members are now experiencing lower fees because of the greater focus on naming poor ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... were also failing to adequately record complaints received. In response to the report, Super Consumers Australia director Xavier O'Halloran said: "Consumers have been left on hold for too long, it's time for super funds to stop talking about putting ...
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