Superannuation funds have welcomed the boost that Treasury’s improvement on the Low-Income Superannuation Tax Offset will have for women and younger members.
The proposed changes to the Low-Income Superannuation Tax Offset (LISTO) have been applauded by the superannuation sector.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
The regulator plans to claim compensation from Equity Trustees after Macquarie’s payout to affected Shield investors.
Morningstar has found the Your Future, Your Super test delivering fewer failures, but warned against complacency as regulators review its design.
Super funds have recorded modest gains in September as global equity strength and an AI-driven rally lifted investment returns.
One of Australia’s largest super funds has acquired an equity stake in the institutional investment advisory firm.
ASIC is seeing an increase in misconduct exploiting superannuation, it stated in its latest annual report.
The super sector has welcomed the government’s payday super legislation, calling it a landmark step for fairer retirement outcomes.
The regulator has ordered super trustees to strengthen oversight of platform investments after member losses from failed schemes exposed governance weaknesses.