superannuation

Superannuation

Super funds expect 600,000 to withdraw $10,000

Superannuation funds expect as many as 600,000 members to follow through and withdraw up to $10,000 with many not understanding the insurance and long-run investment impl...

Superannuation

Unlisted assets a better super barometer than listed shares

Superannuation funds may be opting for rapid out of cycle devaluations of their unlisted assets, but major ratings house, Chant West, argues those unlisted assets are sti...

Superannuation

Early access super - members urged to check insurance implications

The risk for people seeking early access to their superannuation is that they will drive their balances so low that they lose their insurance access....

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

ASIC grants three advice relief measures

The corporate watchdog has announced three temporary relief measures to help consumers receive affordable and timely financial advice during the COVID-19 pandemic....

Policy & Regulation

70 complaints against real estate agents on early release super: ASIC

At least 70 people complained to the Australian Securities and Investments Commission about real estate agents giving advice on early release superannuation, but its init...

Superannuation

ISA launches campaign to encourage nest egg protection

Industry Super Australia’s new campaign will address how Australians can protect their superannuation without making rash decisions after a downturn....

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...

Financial planning

Consumer groups unite to warn against super early release

A coalition of consumer groups have warned that accessing early release superannuation should be a last resort, suggesting that they talk to a financial counsellor rather...

Policy & Regulation

APRA suspends licensing

Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new licensing for banks, insurers and superannuation funds....

Funds management

Asset devaluations – first the industry funds, now property funds

First it was industry superannuation funds announcing downward revaluations of their unlisted assets, now major property funds started announcing similar processes....

Policy & Regulation

ATO and TPB on alert for COVID-19 rorters

Tax agents and advisers have been warned against trying to manipulate the business and employment policy changes put in place by the Government to deal with COVID-19....

Funds management

Raiz Invest loses 20.1% in FUM in March

The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic....

Superannuation

Multiple accounts no impediment to early access says ATO

People will be able to take money from multiple superannuation funds to reach their early access limit, according to information released by the Australian Taxation Offic...