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ASIC stonewalls Bragg on death benefit intentions

ASIC stonewalls Bragg on death benefit intentions

ASIC has stonewalled Opposition questioning on whether it is being pressured to pursue mediation over court action on Cbus claims handling.
Morningstar super ratings to include fund governance

Morningstar super ratings to include fund governance

Amid closer regulatory scrutiny and the imposition of license conditions by APRA, Morningstar has moved to rate super fund governance.
Millennials driving SMSF establishments

Millennials driving SMSF establishments

New data has confirmed millennials are driving SMSF establishments and that around 70% of them remain unadvised.
Court judgement

AustralianSuper hit with $27m fine

Patrick Buncsi 21 February 2025 6 Comments

The Federal Court has handed AustralianSuper a $27 million fine for its failure to inform members of duplicate accounts.

Rising arrow above super

Super fund returns kick off 2025 in positive territory

Mike Taylor 20 February 2025 No Comments

Despite geopolitical uncertainties, Australian superannuation fund returns have kicked off 2025 in solidly positive territory.

APRA

APRA considering its position in face of BUSSQ legal challenge

Mike Taylor 19 February 2025 2 Comments

APRA is considering its position in circumstances where super fund BUSSQ has moved to challenge a Federal Court decision over APRA license conditions.

Red card

APRA’s ability to disqualify super fund CEOs

Mike Taylor 19 February 2025 2 Comments

Amid the continuing political debate around super fund decision-making, APRA has acknowledged it can disqualify fund chief executives.

NowInfinity unveils streamlined UK pension transfer function

NowInfinity unveils streamlined SMSF transfer capability for UK pensions

Patrick Buncsi 18 February 2025 No Comments

Australian regtech NowInfinity has unveiled a new platform feature to enable the swift transfer of UK pensions into an Australian SMSF.

Soldiers with guns on beach

ACTU defends union directors on super funds

Mike Taylor 17 February 2025 10 Comments

The ACTU has stepped up to defend equal union representation on the boards of industry superannuation funds in the face of Coalition attacks.

Australian Senate Chamber

Senate crossbench urged to hold firm on $3m tax cap bill

Mike Taylor 17 February 2025 No Comments

Major accounting group, CA-ANZ, is urging Senate cross-benchers to stand firm in opposing legislation taxing unrealised capital gains.


INDUSTRY NEWS

Thinking Local, Winning Global – Unit Registry as a Strategic Advantage

Financial Newswire Contributor 20 February 2025

Industry News

No Comments

 Unlock the potential of unit registry to streamline operations, strengthen investor relationships and transform data into a powerful tool for growth 

Outlook 2025: Plan for growth, Prepare for volatility

Financial Newswire Contributor 15 February 2025

Industry News

No Comments

After two years of weak returns, 2024 has proven to be a rewarding year for Australian investors. What will 2025 bring?

FSI_Video

Our watch list of winners for the next decade

Financial Newswire Contributor 1 December 2024

Industry News

No Comments

The composition of the ASX is changing – and keeping abreast of ‘new winners’ is key according to First Sentier Investors.

Fixed income markets: When the stars align

Financial Newswire Contributor 1 November 2024

Industry News

No Comments

Fixed income markets offer compelling investment opportunities alongside continued lower inflation and central banks entering the easing cycle. 


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stymie

Govt faces being thwarted on $3m super tax

Mike Taylor | 14 February 2025The Govt's efforts to navigate its $3 million superannuation cap legislation through the Senate appear likely to fail for wont of numbers.
Australian Senate chamber

Liberal Committee chair generates ‘grudge’ report on union super

Mike Taylor | 14 February 2025A new Senate Economics Committee report scathing of union influence on industry super funds has been labelled a 'grudge' exercise.
Pushing rejection ball uphill

Cbus rectification plan canvasses veto of board nominees

Mike Taylor | 12 February 2025The 'Rectification Plan' underpinning the Cbus EU canvasses giving the board the right to reject board nominees on member best interest grounds.
tax grab

FSC poll paints Govt as loser on super tax

Mike Taylor | 12 February 2025The Government is hamstringing itself by continuing to pursue a tax on unrealised capital gains, according to polling commissioned by the FSC.
Sold house price

SMC fires first shot in election super for housing debate

Mike Taylor | 12 February 2025The industry funds-backed SMC says New Zealand's skyrocketing house prices is proof that superannuation should not be used for housing.
APRA

Cbus hit with new APRA EU

Mike Taylor | 11 February 2025Cbus has been hit with a further court enforceable undertaking with APRA also scrutinising the fund's expenditure decisions.

Could AI help super funds solve claims handling?

Mike Taylor | 11 February 2025Technology innovation company Novigi has suggested artificial intelligence could be used to address super fund claims handling shortcomings.
Invest superannuation

Super sector unites on post-retirement contributions

Mike Taylor | 7 February 2025The superannuation sector has united behind a push to have the Government deliver regulatory changes allowing contributions in pension phase.