Posted
| UpdatedAustralia's major banks are sharpening up incentives to business to win a greater slice of lucrative default superannuation schemes, according to research out today.
Topics: business-economics-and-finance, industry, banking, superannuation, australia
Posted
| UpdatedThe ATO, which is estimated to be holding $2.7 billion in unclaimed superannuation, should be responsible for reuniting funds with their original owners, the Association for Superfunds of Australia says in a submission to the Federal Government.
Topics: superannuation, business-economics-and-finance, government-and-politics, australia
Posted
| UpdatedThe Australian Chamber of Commerce and Industry recommends the family home or a principal place of residence be included in the assets test for the aged pension, amid calls for the Federal Government to implement spending cuts for long-term budget sustainability.
Topics: business-economics-and-finance, community-and-society, superannuation, aged-care, australia
Posted
| UpdatedAustralia's Future Fund warns of "elevated risks" from "geopolitical factors", including Donald Trump's presidency, as it reports a return of almost 8 per cent over the past year.
Topics: markets, superannuation, federal-government, australia
Posted
| UpdatedSome Australian workers on the brink of retirement are being short-changed on their employer superannuation entitlements and might be forced onto the age pension, according to research out today.
Topics: superannuation, business-economics-and-finance, company-news, consumer-finance, consumer-protection, australia
Posted
| UpdatedSuperannuation funds deliver their fifth consecutive year of positive returns in 2016, buoyed by a late rally on global share markets.
Topics: superannuation, consumer-finance, banking, australia
Posted
Superannuation funds return average growth around 7.2 per cent in the 2016 calendar year, the fifth positive year in a row, helped by a Santa/Trump rally boost of 2.1 per cent in December.
Topics: superannuation, consumer-finance, stockmarket, markets, australia
Posted
| UpdatedThe ATO releases the latest data for self-managed superannuation funds and although it is clear they are increasingly popular, it is not clear why, with the funds consistently having underperformed their APRA-regulated counterparts.
Topics: superannuation, business-economics-and-finance, australia
Posted
| UpdatedSimply because an amount of superannuation is displayed on your pay slip each week does not mean your employer is actually depositing it — and when it comes to chasing down unpaid super, time is of the essence.
Topics: business-economics-and-finance, superannuation, government-and-politics, community-and-society, work, australia
Posted
| UpdatedABC Rural digs through the details of the new backpacker tax changes, to find out what they mean for farmers and working holiday makers.
Topics: superannuation, federal-government, tax, agribusiness, agricultural-policy, farm-labour, parliament-house-2600
Posted
Industry Super Australia's Director of Public Affairs, Matt Linden, says there are loopholes in the superannuation system that mean employees might be losing millions they think they're actually saving.
Topics: superannuation, australia
Posted
| UpdatedAbout a third of Australian workers are being ripped off by rogue employers who are holding back some or all of their superannuation entitlements, a new report says, suggesting the average worker was short-changed almost $1,500 in 2013-14.
Topics: business-economics-and-finance, superannuation, government-and-politics, community-and-society, work, australia
Posted
| UpdatedThe Federal Government has passed its changes to the superannuation system claiming it will save nearly $3 billion and future proof it for decades to come.
Topics: superannuation, government-and-politics, federal-government, budget, federal-parliament, australia
Posted
| UpdatedFinancial intelligence agency AUSTRAC finds evidence Australia's $1.3 trillion superannuation pool may be being used to fund terrorism activities and remains vulnerable to criminal exploitation.
Topics: business-economics-and-finance, consumer-finance, banking, superannuation, terrorism, government-and-politics, australia
Posted
| UpdatedGrattan Institute research shows superannuation top-up measures to help low-income earners are poorly targeted and too expensive.
Topics: superannuation, government-and-politics, federal-government, industry, business-economics-and-finance, australia
Posted
Australia needs a clear list of national infrastructure priorities to help unlock billions of dollars in investment, industry superannuation funds say.
Topics: government-and-politics, federal-government, industry, business-economics-and-finance, superannuation, australia
Posted
Topics: mining-rural, superannuation, diamonds, mining-industry
Posted
Banks are being accused of gouging customers by delaying the transfer of superannuation accounts into lower cost default superannuation funds.
Topics: superannuation, banking, consumer-protection, consumer-finance, australia
Posted
| UpdatedThe ATO is warning the near-quarter of small businesses that have yet to sign up to SuperStream that they risk non-compliance.
Topics: small-business, superannuation, tax, australia
Posted
| UpdatedSelf-managed superannuation funds are struggling to find adequate returns in a low-growth world and are increasingly taking risks in the property market.
Topics: superannuation, housing-industry, consumer-finance, money-and-monetary-policy, australia
Posted
| UpdatedA new report from Credit Suisse suggests self managed super is the shadow banker behind Australia's property price boom.
Now the former Chair of the Financial Services Inquiry, David Murray, has repeated his call to ban borrowing to invest in super.
Topics: superannuation, business-economics-and-finance, australia
Posted
| UpdatedThe compulsory superannuation contribution should be frozen at 9.5 per cent to encourage Australians to consider more flexible options to save for retirement, according to a Grattan Institute report.
Topics: superannuation, australia
Posted
Current super policy is compelling people to save for a higher living standard in retirement than they enjoy during their working lives.
Topics: superannuation, tax, consumer-finance, australia
Posted
| UpdatedAustralia's big superannuation funds are under pressure to veto bonuses to energy company executives who are rewarded for expanding traditional fossil fuel or carbon emitting projects.
Topics: business-economics-and-finance, company-news, superannuation, coal, australia
Posted
A superannuation group warns consumers could lose out if employers are allowed more leeway to choose their default workplace retirement fund.
Topics: business-economics-and-finance, consumer-finance, consumer-protection, superannuation, australia