Tax change needed to prevent members stuck in underperforming funds: FSC

FSC chief executive, Blake Briggs, is calling for CGT relief to be extended to trustee-directed products to prevent members from being left in underperforming funds for tax reasons.

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How did super funds perform in Q3?

SuperRatings has released the latest data for superannuation fund performance in the third quarter of 2023.

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Future Fund appoints two deputy CIOs

The Future Fund has appointed two new deputy chief investment officers in a management shake-up.

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SMSF auditors face further ASIC action in Q3

| By Rhea Nath |

The corporate regulator’s crackdown on SMSF auditor misconduct continued in the third quarter, with ASIC taking action against 11 auditors who were all referred by the Australian Tax Office.

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TAL appoints retirement lead

TAL has appointed a new chief executive of group life and retirement who has been at the firm for more than 20 years.

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NULIS slams allegations of $165m super ‘scheme’ with NAB

A superannuation trustee accused of taking $165 million from beneficiaries as part of a grandfathering commission “scheme” said the allegations were “inaccurate, unfair and contrary to principle”.

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Industry and public super FUMA reaches $1.7tn

Funds under management and advice in the industry and public super fund segment have risen 8.5 per cent in the 2022–23 financial year to $1.7 trillion.

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HESTA calls for gender impact goal in super objective

HESTA has called for a goal on eliminating the gender superannuation gap in its submission to the Treasury’s objective of super consultation.

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APRA consults on publication of super fund expenditure

Super funds could see data around their political donations and promotional expenses published for members under new APRA proposals to improve transparency.

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How to service clients from Indigenous backgrounds

Linking with grassroots groups and ensuring First Nations people take the lead are key to servicing Indigenous clients, according to an Indigenous finance coach.

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