Super news for June 2024
Active Super made misleading ESG claims, Super assets up 11.3% in 12 months, ATO urges funds to protect members against scams
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Penny has nearly two decades experience of writing, reporting and editing financial services publications for both institutional and retail readers. She has contributed to, and edited, the Money Section of the Sun Herald and The Sunday Age.
She has written for the Australian Financial Review and the Sydney Morning Herald, the Cooperative Research Centres Association publication KnowHow Magazine, JMoney, In The Black and Global Investor.
Active Super made misleading ESG claims, Super assets up 11.3% in 12 months, ATO urges funds to protect members against scams
Active v passive update, Super advice fees too high, Super for housing debate, Scam losses falling.
Now that SMSFs can have six members instead of four, here’s a refresher on the process involved in adding new members and some of the issues to weigh up.
Financial advice reforms, SMSF trustees disqualified, Super for housing plan criticised, Australian Super’s new lifetime income product, Greenwashing conviction, Focus on super fund expenses.
Super on parental leave, aged care report, retiree budgets squeezed, SMSF illegal access soars, purpose of super endorsed, scams decrease.
Super scams are increasingly sophisticated and on the rise so it pays to learn how to detect and avoid them.
From checking your eligibility for the Age Pension to understanding your life expectancy, avoiding these common mistakes could give your retirement income a big lift.
Many SMSF trustees use this simple approach to help create a diversified investment portfolio.
Calls for simpler retirement solutions, better SMSF record keeping, and improved super fund compliance and transparency; and more SMSF auditors disqualified.
As scammers get more sophisticated, SMSF trustees need to be increasingly vigilant to make sure they don’t lose their hand-earned savings.
Scam-related complaints at record levels, SMSF penalties for non-compliance set to rise again, Super Consumers Australia gets government funding, Northern Trust Asset Management fined for misleading investors, Loose diamonds not collectable assets, Draft legislation released for climate reporting.
New super fund data confirms largest super funds, Focus on retirement income, access to advice and super performance tests; ATO scam alert; Retirees’ cost of living increases; Funds fined for fees for no service.
ASIC ramps up compliance action, AustralianSuper to vote against Origin offer, and super balances less than comfortable.
Take-up of six-member funds is small but growing due to the unique opportunities they can offer.
The Federal Government has opened consultation on payday super and introduced draft legislation for its new super tax.
An increased risk of bushfires this summer means you need to make sure you have enough insurance in place to cover any losses.
AustralianSuper fails multiple account holders, Draft super objective, ART begins CEO search, Experience counts for advisers, Tax trap for super switchers, Retirement outcomes in ASIC’s sights.
Super complaints rise, Using super for aged care, SMSF penalties increase, ASIC sues Dixon Advisory, alleges greenwashing at Vanguard and Active Super, Aware Super offers term deposits, Funds urged to improve retirement offerings.
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