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APRA
Superannuation
The Association of Superannuation Funds of Australia has welcomed the Australia Prudential Regulation Authority’s super return numbers which show the average return for A...
Superannuation
The total MySuper assets stood at $731.3 billion in June 2020, 3.3% down from the previous year due to the early release of superannuation scheme, according to data. ...
SMSF
Self-managed superannuation fund trustees think two to three times about whether SMSFs are right for them due to regulatory uncertainty, according to a report....
Superannuation
The regulatory body will restart licensing activity for banks, insurers, and super funds with the first phase to start in September, 2020, and the second in March, 2021....
Superannuation
Superannuation funds may not necessarily be held responsible for making good the losses caused by fraud around the Government’s hardship superannuation early release regi...
Superannuation
People accessing early release superannuation for a second time are on average taking more the second time around. ...
Superannuation
Data analysis around the Government’s hardship early release superannuation regime has revealed that the ‘rivers of gold’ inflows generated by the superannuation guarante...
Insurance
While consumers have had it good for the last few years with life insurance, the loss ratio to the industry is unsustainable but the industry needs to make sure it doesn’...
Funds management
An increase in trading activity due to the hardship scheme and superannuation members switching to cash has pushed negative tax consequences onto remaining members in a f...
Superannuation
The total number of repeat applications for the Government’s super access hardship scheme has reached one million with an average payment of $8,619, according to data....
Superannuation
APRA has sent out a letter to registrable superannuation entities, reminding them of their obligations to complete the Business Performance Review and Outcomes Assessment...
Superannuation
Ten major superannuation funds continue to do the majority of the heavy lifting on hardship early release superannuation, but some appear to have been less affected than ...
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 ...