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onepath
Superannuation
Super trustee OnePath Custodians has been ordered to pay $5 million for fees for no service misconduct, less than six months after being fined $1.4 million by APRA....
Superannuation
A superannuation trustee has been fined $1.46 million for failing to direct 125 member contributions to a MySuper product....
Superannuation
For the first time since the start of the COVID-19 pandemic, super fund customer satisfaction has seen an increase, according to Roy Morgan. ...
Superannuation
The sector was the only one to have made a return so far this year with the top-performing fund returning 15.25%, according to data. ...
Superannuation
SMSF satisfaction saw the largest drop compared to last year, as all super fund sectors bar industry funds saw a drop in satisfaction. ...
Superannuation
HESTA’s infrastructure fund so far this year has returned 1.72% compared to the infrastructure super fund average loss of 10.8%, according to data....
Superannuation
Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive over $3.6 million in compensation....
Superannuation
The worst-performing fund lost 13.8% compared to the sector average loss of 8.5% during the first quarter of the year, according to data....
Financial advice
IOOF and ANZ are working towards the transaction regarding OnePath and Oasis by IOOF by 30 January, 2020....
Superannuation
IOOF structural changes enhanced its registrable superannuation entity licensees’ ability to comply with fiduciary obligations, APRA believes....
Insurance
The Royal Commission allegations against IOOF caused ANZ chief executive, Shayne Elliott, to think twice about the advisability of the big banking group’s sale of its One...
Insurance
Zurich has secured a group insurance mandate from Queensland-based industry super fund Energy Super. ...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...