ASFA

Superannuation

The Federal Government should deliver superannuation funds a reduction in regulatory levies equal to the amount of money withdrawn from superannuation under the hardship ...

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Superannuation

The early release extension reinforces the need to lift the superannuation guarantee to 12%, according to the Association of Superannuation Funds of Australia. ...

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Superannuation

Australians have much to gain from the Government keeping superannuation compulsory and plenty to lose if it does not, according to a new industry white paper....

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People & Products

Jim Minto, current chair of the audit committee, will replace Jillian Broadbent who will be retiring. ...

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Superannuation

The compulsory superannuation system has added $35 billion to the bottom 20% of workers by income, according to research. ...

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Superannuation

The average balanced investment returned flat for the 2019/20 financial year, after the pandemic wiped 37% of the Australian share market from peak to trough in March and...

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Superannuation

The now permanent capital gains tax measure for superannuation fund mergers has taken away a barrier to fund consolidation, the Association of Superannuation Funds of Aus...

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Superannuation

The average early release of super for financial hardship withdrawals is around $8,000, below the $10,000 maximum....

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Superannuation

An estimated 855,000 early release of superannuation payments have been made totalling $7.1 billion by 30 April, according to an industry body....

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Policy & Regulation

To be effective, the Financial Regulator Oversight Authority needs to be allowed to assess particular actions, or group of actions, to properly assess the two financial r...

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Financial planning

The Federal Government is being confronted by an increasingly united front on the need to retain the deductibility of advice fees from MySuper products....

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Policy & Regulation

Attracting talent to superannuation funds could become problematic under the Government’s move to extend the Bank Executive Accountability Regime to the superannuation in...

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Financial planning

Superannuation funds have identified the manner which Government policy changes and increased regulation is pushing the cost of advice beyond the means of many low-income...

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Superannuation

The review is an opportunity to improve retirement outcomes for Australians, the Association of Superannuation Funds of Australia believes....

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Financial planning

Organisations should not be surprised if employees exhibit bad culture if the firm is focused on metrics and give rewards based on meeting targets, according to a panel....

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Never miss the latest news and developments in wealth management industry

JOHN GILLIES

Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...

15 hours 54 minutes ago
So happy to hear this

It couldn't happen to a more worthy organisation - good luck to the heroes coming to clean the place up!...

16 hours 38 minutes ago
Toni Watson

Yes used the money that should have been invested as if it was his own. Thought he was invincible but the house of cards...

17 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 1 week ago