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Superannuation

APRA hits ‘failed’ Christian Super with license conditions

Mike Taylor 7 December 2021

One of the 13 superannuation funds which failed the Australian Prudential Regulation Authority’s superannuation performance test, Christian Super, has had additional license conditions imposed by the regulator.

In doing so, APRA said the measure was to protect the best financial interests of the fund’s members.

“The new conditions are designed…

Retirement planning

Financial Planning

Govt super policy shifts spooking retirees

Mike Taylor 7 December 2021

In what represents a turnaround in sentiment about retirement preparedness, the latest Investment Trends research has found that two-thirds of Australians aged over 40 feel prepared for retirement.

However, Government policy shifts around superannuation appear to have spooked many pre-retirees and retirees.

The Investment Trends 2021 Retirement Income Report has…

Camouflage

Superannuation

10 of 13 ‘failed’ super funds have changed

Mike Taylor 7 December 2021 No Comments

Ten of the 13 super funds which failed the APRA test have already changed.

Clenched fist power graphic

Superannuation

How industry funds flex their muscle on ESG

Mike Taylor 7 December 2021 No Comments

ESG emerges as a key area in which industry funds are prepared to flex their shareholder muscle.

Legal dispute

Superannuation

Trust and SMSF legal disputes grow

Yasmine Masi 7 December 2021 No Comments

Equity Trustees points to growing number of legal disputes over trusts and SMSFs.

Dr Sayd Farook, Crescent Group

Funds Management

Crescent Group makes senior appointment

Yasmine Masi 7 December 2021 No Comments

Crescent Group has appointed Islamic finance expert, Dr Sayd Farook.

Aged care costs

Financial Planning

Aged Care costs putting pressure on Govt funding

Yasmine Masi 7 December 2021 One Comment

Steadily increasing aged care costs are placing pressure on the Budget.

Two people pushing large puzzle pieces together in front of world map

Superannuation

ART born out of Sunsuper QSuper merger

Staff Writer 6 December 2021 No Comments

The merged entity of the Sunsuper QSuper merger will be the Australian Retirement Trust.,

Man in suit holding a tablet with the word Fintech above it

Fintech

Financial firms were overly optimistic on cyber resilience

Staff Writer 6 December 2021 No Comments

ASIC reviews indicates Australian financial firms were overly optimistic about their cyber resilience.

Enhancing performance

Superannuation

CFS’s zero admin fees to pass performance test

Mike Taylor 6 December 2021 No Comments

CFS has reduced administration fees to zero to help pass the APRA performance test.

Cost and complexity

Financial Planning

Is the advice legacy of the Morrison Govt cost and complexity?

Mike Taylor 6 December 2021 No Comments

Is the legacy of the Morrison Government the addition of cost and complexity to financial planning.

2022 forecast

Investment

Smoother economic ride predicted for 2022

Staff Writer 6 December 2021 No Comments

Janus Henderson is predicting a smoother economic ride in 2022 despite uncertainties.

Stockmarket graph

Funds Management

Lonsec portfolios added to BT Panorama

Yasmine Masi 6 December 2021 No Comments

Lonsec’s managed portfolios have been added to BT Panorama

Banned Stamp

Financial Planning

AAT reduces former adviser’s ASIC banning

Staff Writer 6 December 2021 No Comments

The Administrative Appeals Tribunal has reduced an adviser’s ASIC banning.

Coins stacked in piles underneath an umbrella

Superannuation

First Home Super Saver Scheme amended

Yasmine Masi 6 December 2021 No Comments

Townsends law points to lift in First Home Super Saver Scheme contributions.

Running to the exit

Financial Planning

The Christmas rush of exiting advisers has begun

Mike Taylor 3 December 2021 No Comments

124 financial advisers have exited the FAR signalling the start of the Christmas rush to the exit.