Keeping ‘best interests duty’ could protect super fund members: AIST

If safe harbour provisions are removed, the existing ‘best interests duty’ could ensure super fund members are not taken advantage of, according to the Australian Institute of Superannuation Trustees.

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Jones confirms extension of YFYS test beyond MySuper

Minister for Financial Services, Stephen Jones, has confirmed he expects the Your Future, Your Super performance test to be extended by 800 funds from August.

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Director banned for promoting illegal early release of super

ASIC had banned Gold Coast-based director Darren Thomas Edden-Brown for eight years for promoting and helping consumers access their superannuation early to buy a home or pay personal debts.

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Redefined team unveiled to drive financial services media powerhouse

Australia’s foremost provider of financial services news, analysis and market intelligence, Momentum Media has unveiled the team behind Australia's leading force in financial services industry media.

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Q1 closes with positive super fund returns

Super funds managed to generate positive returns in the first quarter of 2023 with diversification helping to capture upside benefits and manage market volatility.

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SMSF auditors under ASIC spotlight

| By Laura Dew |

ASIC has acted against 11 SMSF auditors for breaches of their obligations, including seven disqualifications.

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SMSFA highlights potential consequences of franking credit changes

The SMSF Association has raised concerns about a proposed legislative change that would exclude certain distributions funded by capital raisings being eligible for franking credits.

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QSuper to close Self Invest option to new investors

QSuper, part of Australian Retirement Trust, will be closing its Self Invest option to new investors from July.

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Grattan recommends major changes to super ahead of budget

There could be major changes ahead to superannuation taxation and access if budget recommendations by the Grattan Institute are enacted.

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MLC Life Insurance expands focus on insurance in super

MLC Life Insurance has hired Peter Smith as head of business development as the firm focuses on super funds’ insurance offering.

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Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

4 months 4 weeks ago
Kevin Gorman

Super director remuneration ...

5 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

5 months ago

Iress has issued an update denying the validity of “certain statements” made today by an alleged threat actor....

1 day ago

The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....

2 days ago

A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super ...

2 days 2 hours ago