Super sector’s dirty little secret of pension minimums
A little-known administrative hurdle is prohibiting tens of thousands of poorer Australians from accessing account-based pensions via the country's biggest super funds. Aleks Vickovich writes this seemingly widespread practice is shameful and threatens the grand bargain underlying compulsory super.
September 19, 2024
‘Death by data’: To improve your practice efficiency, sort out your data
Practices can find themselves swamped in client data. By implementing a system to structure and clean up their databases, they can boost efficiency and simplify the processes for their clients.
September 19, 2024
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
