5+ day, 4+ hour ago   (283+ words) Retirement spending is injecting $121 billion in the economy according to new research from the Super Members Council. The ACIL Allen research commissioned by the SMC surveyed around 2,000 Australians over the age of 60 years and found retirement spending is now worth…...

5+ day, 6+ hour ago   (809+ words) Superannuation will be “front and centre” of Australia’s economy and “crucial” to making the future work for the country, Treasurer Jim Chalmers has said. In a speech to the Super Members Council Super Summit, held on 9 September, Chalmers gave a…...

5+ day, 6+ hour ago   (344+ words) The Australian superannuation system is widely regarded as one of the best in the world but how do retirement savings compare to United States’ 401ks? Research by iSelect has compared the median savings of the Australian superannuation members versus those who…...

6+ day, 5+ hour ago   (530+ words) Image supplied by ASIC ASIC has banned former InterPrac director Garry Crole for 10 years over his role in the Interprac-Shield-First Guardian events. Crole has been banned by the regulator for 10 years from performing as a director or responsible manager or…...

6+ day, 14+ hour ago   (384+ words) Announced last week, Bradbury has joined the prudential regulator this month for a five-year term, sitting alongside deputy chair Therese McCarthy Hockey who will oversee work in banking. His appointment follows the exit of Margaret Cole who concluded her five-year…...

6+ day, 8+ hour ago   (178+ words) Image supplied by ASIC Each fund will receive two infringement notices, totalling $39,600 per fund and $118,800 overall. ART and Tetra Servicing (formerly Telstra Super) have already paid the amount payables, whilst AMIST has agreed to pay the infringement notices within a…...

6+ day, 8+ hour ago   (457+ words) The growth of AustralianSuper and Australian Retirement Trust has seen both funds sit in the global top 20 pension funds for the first time, according to the annual Thinking Ahead Institute ranking. The annual Global Top 300 Pension Funds report from the…...

6+ day, 14+ hour ago   (683+ words) The reaction to the super proposal put forward by One Nation has been swift and scathing, with advocacy groups claiming the plan could leave Australians $25,000 worse-off in retirement. On 7 September, One Nation leader Pauline Hanson suggested allowing people paying rent…...

1+ week, 12+ hour ago   (437+ words) Over a third of Australians are intending to retire with over $1.25 million in their super, according to MLC. Another third (34 per cent) between $751,000 and $1.2 million and the final proportion (31 per cent) would like up to $750,000. The $1.2 million sum was described by…...

1+ week, 4+ day ago   (466+ words) Reg-tech provider SuperAPI has expanded its payroll and workforce management network through integrations with Access Group and Affinity, extending its reach across the employer market. The company said the agreements added to its existing integrations with Xero, Deputy and Tanda,…...