The Federal Government is proposing a raft of changes for the nation’s $3.9 trillion superannuation industry, to prepare for the retirement of an estimated 2.5 million people over the next decade.
Amy Bainbridge
Labor will move to reform how retirees will be able to access their super, as the number of Aussies over 85 are set to triple in the next four decades.
Jessica Wang
The Federal prudential watchdog has revealed defects in industry superannuation fund HESTA’s valuation processes as it was grappling with coronavirus market volatility in March 2020.
Neale Prior
A group representing Australia’s $3.9 trillion super industry has recommended its members vote against the remuneration plan of scandal-hit Mineral Resources at its annual general meeting on Thursday.
Adding an extra 15 per cent tax to superannuation balances of more than $3m may not hit many Australians now but it should make today’s young workers very, very nervous.
Nick Bruining
Federal regulators overseeing more than $3 trillion of superannuation savings have vowed to increase scrutiny of funds in preparation for a grey tsunami.
The Cbus chair, who's faced calls to resign after the superannuation fund delayed disability and death payments, says he will ensure it never happens again.
Staff Writers
ASIC enforcement boss warns of new wave of scammers targeting $3.5 trillion super savings pool.
Kristian Fok has told a parliamentary inquiry that the giant industry fund is ‘committed to do better, and we will’.
Sean Smith
The Federal financial services regulator has accused giant industry super fund Cbus of having systematic delays in insurance claims for disabled or dead members.
An old law is costing Australian workers about $10,000 in superannuation by the time they retire, according to a peak body.
Emma Kirk
Almost all SMSFs I’ve seen have been set up on the advice of someone who stands to gain a pretty penny from their operation. Add to that the discipline and costs involved — and is it really worth the hassle?
Self-managed superannuation fund investors may be relying on luck rather than proven investment strategies to build their retirement nest eggs. Here’s where you’re probably going wrong.
The email made me feel sick to the stomach.
Noel Whittaker
The Australian Council of Superannuation Investors has urged Mineral Resources to voluntarily bring in the corporate watchdog after an internal probe found company resources had been misused.
Simone Grogan
Industry super fund Cbus has suspended payments to the besieged Construction, Forestry and Maritime Employees Union as their big-ticket promotional and sponsorship arrangements face renewed scrutiny.
DEBTMAN: You’ve slogged it out but retirement is still a decade or more away. With the kids now older, you may be saving a bit more. Here’s how to put it to use and light a blazing fire under your nest egg.
Bruce Brammall
Here’s hoping reports about Federal Liberal politicians plotting new ways for homebuyers to access their superannuation are just the product of a slow news week.
The number of Aussies retiring in poverty is rising, as the housing crisis and an unfair superannuation system hurts low-income households.
Cameron Micallef
Australia’s superannuation are spending more than $400 million of members’ savings on marketing as big payments to CFMEU revealed.
Q+A: Got a cash pile sitting in a term deposit? As we edge closer to a fall in returns as the RBA starts to cut interest rates, could that money be working harder for you in your super fund?
Superannuation is arguably the most tax-effective way to save for retirement here in Australia.
David Koch
Industry fund HESTA wants MinRes to “take the necessary steps” in the wake of revelations of Chris Ellison’s tax avoidance and allegations his related-party dealings with the company disadvantaged shareholders.
A Federal regulator is cracking dwn on super fund managers spending their members’ retirement savings on travel, entertainment and conferences.
