super

Superannuation

Super Transaction Network resilient during cyberattack tests

Despite recent cybersecurity attacks to Australia, the nation’s Superannuation Transaction Network is well positioned to withstand cyberattacks....

Policy & Regulation

ISA welcome ATO clamp-down on early release misuse

Industry Super Australia has backed the Australian Taxation Office’s promised crack-down on the misuse of early release superannuation, particularly with respect to tax m...

Financial planning

Retirees shun advice on misconceptions of access and cost

Nearly 80% of current and prospective retirees failed to get any financial advice during the recent market crash, and one-in-five believe advice is only “for the rich” ac...

Superannuation

Early access to super no longer than 5 days

The vast majority of eligible Australians should receive early superannuation payments within five business days, according to Australian Prudential Regulation Authority ...

Superannuation

Average cost of super fund comprehensive advice – $2,000 - $2,500

Answers delivered to a key Parliamentary Committee have revealed just what superannuation fund members pay for both comprehensive and intra-fund advice....

Financial planning

AFA insists Choice withdraw its slur on advisers

Association of Financial Advisers chief executive, Phil Kewin, wants a Choice executive to withdraw a statement suggesting financial advisers can’t be trusted to act in c...

Superannuation

Hostplus ready to deploy funds under early access scheme

Hostplus has said it has ample liquidity available to support members undergoing financial hardship due to COVID-19 but warned it would substantially reduce member’s fina...

Financial planning

Expect 11% unemployment peak warns Westpac

Unemployment in Australia could reach 11% by June, according to Westpac chief economist Bill Evans, up from its original forecast of 7%, in light of the “extraordinary ti...

Superannuation

Is the Govt’s hardship access to super regime open to rorting?

The Government needs to rethink its approach to hardship early access to superannuation to ensure the criteria is tightened and the possibility of rorting removed, accord...

Superannuation

Early access to super capped at $10,000 for 2019-20

The Government will allow financially-stressed individuals to access tax-free of up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21....

Superannuation

No income/asset tests for early release of super

There will be no income or assets tests for individuals who are eligible for early release of superannuation, which was announced on Sunday as a part of the government’s ...

Superannuation

Changes to super ahead as COVID-19 losses deepen

The Government has announced that workers who lose their jobs will be able to drawdown $10,000 from their superannuation to cover losses caused by COVID-19. ...

Superannuation

Increasing SG ineffective in boosting retirement income

Relaxing the taper rate on the Age Pension and increasing rent assistance will do more for retirement income than increasing the SG, the Grattan Institute believes....

Policy & Regulation

No loopholes, no carve-outs insist coalition of consumer groups

A coalition of consumer groups has pointed to key changes to advice and life insurance resulting from the Royal Commission and insisted on no loopholes and no carve-outs....

People & Products

Class adds CTO

Alexis Rouch has been appointed as chief technology officer by the self-managed superannuation fund software company, as it undergoes a transformative business strategy....