Fee-cutting sets up ETFs for the next phase of a boom
About $23.7bn flowed into Australian exchange traded this year which surpassed the record set in 2021, with momentum showing no sign of slowing.
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Advisers warn last resort compo scheme ‘unsustainable’
Financial advisers warn the compo scheme of last resort is ‘unsustainable’ after Dixon Advisory victims were paid hefty sums not for financial losses but for unrealised potential capital gains.
Ka-ching: Australia’s super pot surpasses $4 trillion
As the nation’s super funds battle back-office failures, the retirement pot continues to grow at pace and has now tipped over the $4 trillion mark.
Super fail: Grieving family waited a year for Cbus death payout
After giving a grieving father the run-around for a year before paying out his son’s death benefit, Cbus is still refusing to give him key details about the make-up of the payment.
Crazy prices, horror stories: Why SMSF audits could soon cost more
Some SMSF auditors are charging ultra-low fees but aren’t delivering on quality. Regulators are now taking a closer look.
How super account holders were let down: new court allegations
In the latest hit to the scandal-plagued super sector, ESSSuper alleges a litany of failures by admin provider Iress across member payments, tax obligations, life insurance and risk and compliance.
Fix your problems or pay the price, regulator tells big super
Big super trustees are on notice from regulators about their failures to track death claims as the $4 trillion industry faces a much broader crackdown.
CFMEU nominated directors to join Cbus board after test
The union’s nominated directors Paddy Crumlin, Jason O’Mara and Lucy Weber will join the board of Cbus.
HESTA to compensate members for revaluation failures
The super fund delayed downgrading unlisted assets at the height of the Covid crisis, leading more than 100,000 members to lose out, APRA says.
Bank bosses prepare to tackle Treasurer over rural levy
Australia’s major bank bosses will face off against Jim Chalmers in Canberra this week, days after his proposal that would have lenders pay up to keep rural branches open.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/11