Funds to dictate charges for advice
Labor’s second tranche of its financial advice reform package will leave it up to super funds to choose how they charge members for advice.
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Rural bank levy ‘to hurt consumers’
Bank of Queensland has come out swinging against the proposed $350m rural bank levy, warning that it will harm consumers and entrench dominance of the Big Four banks.
Banks stir the pot on proposals for rural branches
Banks have put forward alternative proposals to the government as it weighs the imposition of an annual $350m levy to keep rural branches open.
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.
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.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/18