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
$4 trillion super pool key to surviving big economic shifts: Treasurer
Treasurer Jim Chalmers says superannuation savings can and should play a role in supplying capital to megatrends that will reshape Australia’s economy and fiscal position. The comments come in an exclusive foreword to the first edition of Retirement Magazine, the new sister publication to Professional Planner.
September 17, 2024
Future Fund restructures investment team
Australia’s $212 billion sovereign wealth fund, the Future Fund, has restructured its investment team which will be overseen by a six-person investment leadership group including five new managing directors reporting to chief investment officer Ben Samild.
September 17, 2024
AI the next ‘superstar’ player for advice practices
Only a fraction of advice practices are making significant use of AI, but the exponential growth of its capabilities means practices will potentially miss out on an all-star team member if they are not integrating the technology into their processes, the Netwealth Accelerate Summit has heard.
September 16, 2024
Pre-retirees’ income expectations differ from retirement funding reality
Aside from superannuation savings, the reality for retirees in regard to their retirement funding bears several differences to the expectations of pre-retirees, according to a report from Investment Trends. The research found many pre-retirees underestimate how likely they are to rely on the Age Pension.
September 16, 2024
