From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...
The Financial Services Minister says the amendments to the SIS Act within the first QAR bill will “clarify the law to affirm the status quo”....
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity....
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been ...
Wouldn't an illegal scheme designed to syphon retirement savings from super funds to the unions require a collusion between government agents?
For example, APRA helped write the Superannuation Industry (Supervision) Act legislation that protects superannuation accounts that become exposed to "fraud" in the system. The legislation applies only to the APRA regulated funds. Therefore the safe superannuation option is the APRA regulated funds and consequently most Australians are herded into the APRA regulated funds. The illegal scheme designed to syphon retirement savings from super funds occurs in the APRA regulated funds.
How would superannuation account holders react if the knew how much money was siphoned from their personal fund? Luckily they won't find out as earlier this year, Assistant Treasurer and Minister for Financial Services, Stephen Jones MP endorsed non-disclosure legislation so the amount remains hidden.