Association of Superannuation Funds of Australia

ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA

Financial planning

Superannuation funds are expected to be the big winners in this year’s Quality of Advice Review as Association of Superannuation Funds Australia deputy chief executive, G...

Superannuation

Superannuation members overlook need for advice

Only 10% of superannuation members want to be referred to an adviser before they retire, while 50% want information to help them choose a retirement income solution, acco...

Policy & Regulation

Limitations on proposed regulator oversight authority not effective

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...

Financial planning

Super funds back MySuper deductibility of advice fees

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

Policy & Regulation

Would you work for a super fund if your salary was at penalty risk?

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

Financial planning

Low income clients being priced out of advice market

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...

Life/Risk

PYS changes already impacting claims

Five terminal illness claims and two death claims have already been turned away by Hostplus for members unaware of the PYS changes and the fund believes this is just the ...

Superannuation

Pension taper rates, not super are the problem

The Government would be well-advised focusing on Age Pension taper rates rather than superannuation within its upcoming retirement incomes review, according to Australian...

Policy & Regulation

APRA, ASIC to share data

In a bid to lift regulatory burden on super funds the two regulators are looking to share data for areas of common interest....

Funds management

Near term recession not likely

Bubbles have the ability to derail economic growth and a recession in the future will be trigger by a financial shock along with a lack of corporate confidence....

Superannuation

APRA warned on regulatory impacts on investment recruitment

Superannuation funds could be placed at a significant disadvantage in competing to recruit investment management professionals under the extension of elements of the Bank...

Superannuation

SMSF members reaching aspirational retirement lifestyles

SMSF members are saving well above the comfortable retirement standards, according to Accurium....

Policy & Regulation

ASIC/APRA/ATO need to be audited on value for money

The major financial services regulators need to be comprehensively audited to ensure they are actually delivering value for money in the work that they do reflecting the ...

Superannuation

AIST precipitates APRA’s separation of superannuation

The Australian Institute of Superannuation Trustees flagged that superannuation needed different treatment to other institutions by the Australian Prudential Regulation A...