superannuation

Policy & Regulation

TPB expands super capabilities for BAS agents

The Tax Practitioners Board has released for discussion a legislative instrument which will have the effect of giving BAS agents more ability to deal with client’s supera...

Superannuation

Super balances can’t be rebuilt if SG remains frozen

Lifting the superannuation guarantee to 12% is a necessary prerequisite to helping people rebuild their account balances in the wake of early release drawdowns, according...

Superannuation

10 super funds still accounting for 60% of early release payments

Big, highly-exposed superannuation funds continue to make the bulk of hardship, early release superannuation payments....

Financial planning

Super members ease off COVID-19 queries

The top client issue dealt with by advisers in May was concessional super contributions, compared to April when early access to super dominated clients’ questions, accord...

Superannuation

Super funds continue strong in May

Superannuation funds were hit hard in February and March and since then had two strong months with the median balanced superannuation fund rising 2.1% in May on the back ...

Editorial

Superannuation too important for tinkerers

There has been a good deal of policy kite-flying around superannuation but it is arguably too important for policy kite-flying. ...

Superannuation

Fund reveals how ATO revoked early release requests

A major industry fund, LUCRF has revealed the manner in which the Australian Taxation Office has at first approved hardship early release superannuation requests and then...

Superannuation

AFCA hit by super early release complaint surge

The Australian Financial Complaints Authority has been hit by a surge of complaints relating to hardship early release superannuation, with many based on superannuation f...

Financial planning

How IOOF’s super advice bill multiplied in 10 years

The cost of IOOF providing advice to members of its core superannuation multiplied by almost eight times in the past 10 years....

Financial planning

Not all super funds walking walk on ESG

Australian superannuation funds may be talking the talk on ESG but a new study suggests they are not always walking the walk in using their voting power....

Policy & Regulation

APRA put under pressure to consider early access scheme

The Australian Prudential Regulatory Authority was given less than one day to consider the early access to super scheme. ...

Policy & Regulation

Regulatory sandbox available from September

The Federal Government is finalising regulations for its enhanced regulatory sandbox for fintech businesses, which will commence from the start of September. ...

Superannuation

Stop making excuses not to merge says APRA

Too many superannuation fund trustees have been looking for excuses not to merge rather than getting on with the process in the best interests of their members, according...

Financial planning

Intrafund advice within Mercer costing $1.27 million a year

One of Australia largest corporate superannuation outsourcing providers, Mercer, has revealed the cost of delivering intrafund advice....

Policy & Regulation

74 tax practitioners in trouble over SMSFs

Seventy-four tax practitioners are going to have to explain themselves to the Tax Practitioners Board over possibly fraudulent SMSF annual returns and face sanctions if t...