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.
Industry UpdatesSeptember 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.
Industry UpdatesSeptember 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.
Industry UpdatesSeptember 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.
Industry UpdatesSeptember 18, 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.
Industry UpdatesSeptember 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.
Industry UpdatesSeptember 17, 2024
Prime Value Asset Management nabs former industry fund CEO
Prime Value Asset Management has appointed former Prime Super chief executive Lachlan Baird as chief financial officer.
Industry UpdatesSeptember 13, 2024
FAAA launches digital platform to match consumers with planners
The Financial Advice Association has launched an upgraded 'Find a Planner' tool to help its members connect with potential clients and grow their businesses.
Industry UpdatesSeptember 11, 2024
MLC Life appoints two executives
MLC Life Insurance has appointed Gerard Kerr as chief executive of individual business and Jane McGovern as its chief customer and strategy officer.
Industry UpdatesSeptember 10, 2024
ASIC calls out product issuers on DDO compliance
ASIC has called out product issuers to ensure Design and Distribution Obligations practices are up to scratch, pointing to flawed consumer questionnaires being the catalyst for some recent interim stop orders.
Industry UpdatesSeptember 10, 2024
Hostplus launches digital education tools
Industry super fund Hostplus has launched a digital education tool, SuperSmart, in collaboration with super fund licensee and advice services providers, Industry Fund Services, and Iress.
Industry UpdatesSeptember 9, 2024
ASIC wins 95pc of prosecutions in first half of 2024
ASIC has had a success rate of 95 per cent in its civil and criminal prosecutions conducted in the first half of 2024 calendar year, securing $32.2 million in civil penalties and nine criminal convictions.
Industry UpdatesSeptember 9, 2024