ASIC case against REST dismissed
The Federal Court has dismissed ASIC’s case against REST Super for alleged misleading representations of members’ rights to transfer money out of the fund.
September 19, 2024
REST Super appoints general counsel
REST has named Duncan Whiteside as its general counsel, who joins from MetLife Australia.
September 19, 2024
US-based EvolutionIQ first to join CALI’s Life Partner program
New York-based claims guidance technology firm EvolutionIQ has signed on as the Council of Australian Life Insurers first life partner in its corporate partner plan.
September 19, 2024
Treasury seeks response to legacy retirement products law amendment
Treasury is seeking industry consultation on a draft regulation that will allow individuals to exit certain legacy retirement products.
September 18, 2024
SMSF loophole to crack housing crisis
Using self-managed super funds to gain equity via investment properties in the housing market may provide a serviceable strategy for millennials with high salaries and generous SG contributions who have still found themselves priced out of capital city housing markets.
September 18, 2024
No secure AI strategy without accountability
As businesses turn to an imperfect AI for efficiency and accuracy, users must ensure they take responsibility for preventing mistakes and false information. AI hallucinations and built in bias can produce inaccuracies that humans have a responsibility to correct.
September 18, 2024
Employers required to pay super on every pay cycle from 2026
From 1 July 2026, employers will need to make super contributions to employees on ‘payday’ instead of quarterly, as payday super measure kicks in.
September 18, 2024
Brighter Super lands enterprise agreement with staff
Brighter Super staff have voted in favour of an enterprise agreement that will see its employees benefit from salary increases, more super contributions, hybrid working arrangement and better base starting rate.
September 18, 2024
TelstraSuper looks to merge with Equip Super
TelstraSuper and Equip Super have entered into a merger agreement after the former announced that it was looking for a merger partner in May.
September 18, 2024
‘Great start’: Dixon saga to face parliamentary probe
The Senate will conduct an official inquiry into Dixon Advisory after reviewing the faults in a system that has left the advice profession on the hook for hundreds of millions of dollars in compensation. The probe was campaigned for hard by the FAAA and moved by One Nation senator Pauline Hanson with the support of the crossbench.
September 17, 2024
MLC Super to reduce admin fees for majority of members
MLC Super Fund has announced that administration fees will be greatly reduced for members in its superannuation and pension products.
September 17, 2024
