Industry funds believe the YFYS performance test introduced by the last Coalition Govt has worked in their favour and want more.
Industry funds believe the YFYS performance test introduced by the last Coalition Govt has worked in their favour and want more.
SMSF establishments and the use of financial advisers are on the rise with industry fund members more likely to consider the option.
A surprising lift in the level of personal contributions has helped underpin a health 26.9% in member contributions, according to APRA.
FES Super has extended its longstanding partnership with managed services partner SS&C, including continued use of the Bluedoor platform.
AMP Limited will be in court for much of the next seven weeks facing into a class action over alleged excessive superannuation fees.
With the close of the financial year looming along with the superannuation performance test there is a new renewed focus on fees.
Major industry superannuation fund Aware Super has cut its administration fees by up to 25% claiming savings of up to $225.
The Treasurer, Jim Chalmers, remains fixed on driving through the $3 million super tax cap but indexation remains a Senate bargaining chip.
The chief executives of the largest superannuation funds have made clear they want to see a simplification of the regulatory environment.
In what has serious implications for managed accounts, APRA has confirmed they will be picked up as part of the super performance test.
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