POWERED BY MOMENTUM MEDIA
ASIC explains super
Indigenous Australians are the focus of an information campaign on superannuation recently launched by the Australian Securities and Investments Commission (ASIC).
The brochure, titled “Super and Us Mob”, adopts a comic-book style approach to explain how superannuation works, preservation rules and the key benefits of superannuation for employees and their families. It also outlines the co-contribution scheme and the implications of super choice, as well as warning about illegal scams purporting to arrange early release of superannuation money for a fee.
“The fact sheet offers a range of practical information, including the importance of keeping track of your super and what to consider if you are one of the many Australians who can now choose where your super contributions go,” said ASIC’s deputy executive director of consumer protection Delia Rickard.
“Information resources for consumers, such as this, are an important part of ASIC’s consumer protection role and add to the range of materials which are specifically targeted to the Indigenous community.”
The fact sheet forms part of the Federal Government’s five-year National Indigenous Consumer Strategy, which was initiated in September last year.
Recommended for you
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end.
The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
