Skip to main content

AMP leans on its insurers on remediation

AMP leans on its insurers on remediation

AMP Limited has leant in heavily on its major insurers in seeking to cover the cost of remediation and legacy class action settlements.
AMP settles super class action for $120m

AMP settles super class action for $120m

AMP Limited has settled a legacy class action against two of its superannuation funds for $120 million.
$1 trillion FUM predicted for big super funds

$1 trillion FUM predicted for big super funds

Research and ratings house Morningstar has made a key prediction - that Australia's major super funds can realistically reach $1tr in assets.
Seated businessman springs over tax

Div 296 – an inequitable avoidable mistake

Mike Taylor 16 September 2025 No Comments

Amid suggestions that the Govt is internally wavering on its Division 296 super tax changes, the IPA is urging it to pursue equity.

Older woman being told

Accountants urge against ‘badgering’ on super draw-downs

Mike Taylor 15 September 2025 2 Comments

The major accounting groups have urged the Govt not to badger retirees over minimum pension draw-down and to allow continuing lump sums.

Worried retired couple

Retirement-age workers hit hardest by tax rates: HESTA

Yasmine Raso 15 September 2025 No Comments

The tax disadvantages outweigh the benefits for older Australians who receive the Age Pension to also earn income from employment, says HESTA.

Rising arrow above super

5 consecutive months of positive super returns

Mike Taylor 12 September 2025 No Comments

Superannuation fund returns have continued to market uncertainty entering positive territory for a fifty consecutive month says SuperRatings.

Sneakers standing before a yellow line with writing 'Don't Cross the Line'

Clear delineation needed between advice and super ‘nudges’

Mike Taylor 11 September 2025 13 Comments

The FAAA wants the Government to set a clear boundary between the so-called retirement income ‘nudges’ of super funds and genuine advice.

Figures of old man and woman on top of coins

Comfortable retirement cost rises to $75,319

Mike Taylor 11 September 2025 No Comments

Rising costs including private health insurance and electricity have taken the balance needed for a comfortable retirement to $75,319.

Hand holding up pie charts and graphs

Super assets on platforms grow to 28.1%

Mike Taylor 10 September 2025 No Comments

The latest APRA superannuation data confirms the increasing level of assets invested via platforms which have now grown to 28.1%.


INDUSTRY NEWS

Are you avoiding herd mentality when investing?

Financial Newswire Contributor 15 September 2025

Industry News

No Comments

Loomis Sayles’ Hollie Briggs explains how to find investment opportunities by minimizing your behavioural biases.

Essential roles your bond portfolio could play

Financial Newswire Contributor 23 June 2025

Industry News

No Comments

In moments of uncertainty, it is important to stop and reflect on the basic role of fixed income in a portfolio…

Power your growth with smarter registry solutions

Financial Newswire Contributor 19 June 2025

Industry News

No Comments

In a shifting market, growth starts with operational strength. Find out how the right transfer agency partner drives better experiences and outcomes.

Personal Medical Attendant Reports: Simpler, smarter, faster – now digital with Acenda 

Financial Newswire Contributor 2 June 2025

Industry News

No Comments

Acenda has launched digital PMARs – an Australian life insurance industry first – setting a new benchmark in underwriting efficiency.  


Filter

Men on ladders with conflicts

SMC’s pointed recommendation to ASIC

Mike Taylor | 9 September 2025Industry funds group, the Super Members Council has recommended to ASIC that it specifically define super 'promoters' in conflicts guidance.
Platform upgrade

24% increase in advisers on Aware Super portal

Staff Writer | 9 September 2025Aware Super has announced upgrades and enhancements on the back of confirming a 24% increase in advisers registered on its portal.
Hand holds dart over target board

Sequoia’s Crole brings platforms squarely into frame with ORFR move

Mike Taylor | 5 September 2025Sequoia's Gary Crole has brought the investment platforms into frame by seeking to have them activate a ORFR event on Shield, First Guardian.
Two hands removing wooden blocks

Sequoia/InterPrac look to activate ORFR on Shield, First Guardian

Mike Taylor | 4 September 2025Sequoia chief executive, Gary Crole has confirmed InterPrac has moved to activate the ORFR mechanisms to remediate Shield/First Guardian victims.
Green, sustainability bonds

Super funds scold ‘perverse’ Treasury approach

Mike Taylor | 4 September 2025Superannuation funds have labelled as 'perverse' Treasury suggestions to raise the cost base for non-sustainable financial products.
cyber security

Super cyber-security readiness to be tested

Mike Taylor | 3 September 2025With the regulators placing increased focus on cyber-security, the major super players are to participate in a coordinated readiness test.
Age Pension not enough

Brighter Super leverages $6.98m in CGT to retain members

Mike Taylor | 2 September 2025Brighter Super has confirmed delivering nearly $7 million in one-off payments to 2,635 members in a CGT-based retirement retention strategy.
Arrows miss target

Performance test would likely have missed Shield, First Guardian

Mike Taylor | 1 September 2025APRA's superannuation performance test has identified underperforming choice funds but it would likely have missed Shield and First Guardian.