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ASIC issues first super interim DDO stop order
The corporate regulator has issued its first interim stop order on a superannuation product under the design and distribution obligations.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Spirit Super and CareSuper enter binding agreement to merge
Following an extensive due diligence process, the merger of Spirit Super and Care Super is expected to be completed in late 2024, creating a $50 billion combined fund.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Super funds poised for ‘healthy’ FY22–23 result
Superannuation funds look to finish the financial year with an 8.1 per cent return, well above the typical long-term return objective of around 6 per cent per annum, according to Chant West.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
Super payments to unions under investigation: APRA
APRA chair, Margaret Cole, has confirmed in the latest Senate estimates session that it is investigating payments by super funds to unions.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
More than 130% rise in SMSF trustee disqualifications
There was more than a 130 per cent increase in the number of SMSF trustees disqualified year-on-year, according to the latest statistics released by the ATO.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Judge warns financial firms on technology interoperability
Justice Hespe has fired a shot across the bows at financial institutions regarding the interoperability of their IT infrastructure in her verdict in the ASIC v AMP Financial Planning case.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Rest and HESTA voice support for Voice to Parliament
The superannuation funds have publicly backed a constitutionally enshrined Aboriginal and Torres Strait Islander Voice in the spirit of reconciliation.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
AusSuper cuts insurance fees for members
Members of AustralianSuper will see reduced insurance costs after a review prompted the fund to cut fees by an average of 11.8 per cent.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
How will APRA’s levy support the super system?
The Treasury has confirmed some $70.1 million of APRA’s levy will be for the supervision of superannuation industry and detailed how it would be focused on holding trustees to account.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Qantas Super CEO appointed to CFA
Qantas Super chief executive, Michael Clancy, has been appointed as chair of the CFA Societies Australia’s Australian Governance Council.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
