More Aussies feel confident in their retirement, but hurdles persist
Australians are some of the most hopeful when it comes to retirement preparedness, with super funds’ handling of retirement savings helping play a part.
AUTHOR
Jessica Penny
‘Market too complacent about the risks of more tariffs’, says fund
The market may be too complacent about the risks of more tariffs, UniSuper’s head of fixed interest warned this week, pointing to Donald Trump’s recent steel-related announcement and a seeming breakdown in negotiations with China.
Division 296 may leave 1 SMSF with $30m tax liability
The top end of the SMSF spectrum is likely to be hit with some eye-watering bills, but a super balance in excess of $1.5 billion is exactly the type of situation the government doesn’t want to be subsidising.
AUTHOR
Keith Ford
FSC tells ASIC to steer clear of super funds’ private market play
The FSC has urged the corporate regulator to exclude super funds from any additional oversight of private markets, warning that duplicative regulation would undermine their ability to deliver strong retirement outcomes.
Iress finalises sale of super arm to Apex Group
The financial services software firm has confirmed the finalised sale of its superannuation business as it seeks to increase its focus on other key functions within the company.
AUTHOR
Jessica Penny
ART slapped with infringement notice over alleged misleading data
ART has paid just under $20,000 to comply with an infringement notice issued by ASIC over allegedly misleading performance data published on its website.
Inflation edges up, casting doubt on rate cut timing
Annual trimmed mean inflation saw a slight spike in April, according to data from the ABS.
Super funds suffer $20.9bn quarterly decline: APRA
Superannuation assets have fallen in the March quarter primarily due to negative investment returns amid sharemarket volatility.
QSuper settles class action
QSuper has agreed to an in-principle settlement of nearly $70 million over claims it failed to notify members of life insurance premium changes.
AUTHOR
Adrian Suljanovic
ASIC doubles down on death benefit delays in stern warning to super trustees
ASIC is not done with death benefits, commissioner Simone Constant warned trustees this week, stressing that the corporate regulator remains focused on driving a step change in how member services are delivered.
