Review of franking credit amendment a ‘positive outcome’: SMSFA

The SMSF Association has welcomed the Senate Economics Legislation Committee’s decision for the Government to revisit legislative amendments that target franked distributions funded by capital raisings.

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AvSuper expectant of completing ART merger by Q1 2024

AvSuper is expecting to sign a heads of agreement to merge with Australian Retirement Trust this quarter and to complete the merger by Q1 2024.

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Investors lose $1.3m in Qld property development fraud

A property developer has been charged with fraud for misappropriating funds withdrawn from investors’ super funds and savings accounts to invest in a Queensland development.

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APRA’s Rowell bids farewell

Helen Rowell, deputy chair at APRA, will step down at the end of June after more than 21 years at the prudential regulator.

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IFM Investors and ISPT explore potential merger

The two industry super fund-owned firms have confirmed they are exploring the merits of a potential merger at the request of significant shareholders.

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ASIC issues first super interim DDO stop order

The corporate regulator has issued its first interim stop order on a superannuation product under the design and distribution obligations.

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Spirit Super and CareSuper enter binding agreement to merge

Following an extensive due diligence process, the merger of Spirit Super and Care Super is expected to be completed in late 2024, creating a $50 billion combined fund.

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Super funds poised for ‘healthy’ FY22–23 result

Superannuation funds look to finish the financial year with an 8.1 per cent return, well above the typical long-term return objective of around 6 per cent per annum, according to Chant West.

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Super payments to unions under investigation: APRA

APRA chair, Margaret Cole, has confirmed in the latest Senate estimates session that it is investigating payments by super funds to unions.

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More than 130% rise in SMSF trustee disqualifications

| By Staff |

There was more than a 130 per cent increase in the number of SMSF trustees disqualified year-on-year, according to the latest statistics released by the ATO.

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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. ...

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Kevin Gorman

Super director remuneration ...

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

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