Search results for: “Fund Management”
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How blockchain could impact superannuation fund management
Blockchain technology has been making waves in various industries, revolutionizing the way transactions are conducted and data is stored. One area where blockchain could have a significant impact is in superannuation fund management. Superannuation funds are a crucial part of many people’s retirement savings, and any technology that can improve transparency, security, and efficiency in…
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Cyberattacks on Australian Superannuation Funds Prompt Security Concerns and Response
A recent wave of cyberattacks targeting Australian superannuation funds has raised concerns about the security of individual account holders. The National Cyber Crime Coordinator, Michelle McGuinness, confirmed the malicious activities and emphasized the collaborative efforts between government agencies, regulators, and industry stakeholders to address the situation. Financial Statement Analysis and Security Valuation | $195.68 With…
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Super Funds Under Fire: ASIC’s Scathing Review Sparks Overhaul Demands
The Australian Securities and Investment Commission (ASIC) has recently conducted a comprehensive investigation into the handling of death benefit claims by various superannuation funds, revealing concerning practices within the industry. ASIC’s review highlighted significant delays, substandard customer service, and ineffective claims processing, negatively impacting Australians during vulnerable times. Over a two-year period, ASIC scrutinized 10…
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How artificial intelligence (AI) is changing superannuation management
Artificial intelligence (AI) has been revolutionizing various industries, and the world of superannuation management is no exception. Superannuation, also known as pension or retirement savings, plays a crucial role in ensuring financial security for individuals after they retire. With the help of AI, superannuation management has become more efficient, personalized, and convenient for both fund…
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Superannuation Check: Aussies Increasingly Monitoring Their Retirement Funds
In recent times, more Australians are taking a proactive approach to managing their superannuation funds, according to the latest survey conducted by Money magazine. The survey, based on 594 responses, highlighted a significant increase in the frequency of Australians checking their superannuation balances. Surprisingly, 40.7% of respondents now monitor their super on a monthly basis,…
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How to fund home care services with superannuation
Introduction Planning for long-term care services can be a daunting task, both emotionally and financially. As individuals age, there may come a time when they require home care services to assist with daily living activities. One option for funding these services is utilizing superannuation funds. Superannuation, also known as super, is a mandatory retirement savings…
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APRA Cracks Down on Superannuation Fund Expenditure: Transparency Initiative Launched
In a recent speech at the AFR Super & Wealth Summit 2024, APRA Deputy Chair Margaret Cole highlighted the critical role of superannuation in the financial wellbeing of Australia’s economy. With $3.9 trillion in assets under management, the super industry shoulders the responsibility of safeguarding the retirement savings of millions of Australians. However, concerns have…
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Group Superannuation Fund
Superannuation is a crucial aspect of financial planning, especially when thinking about retirement. It is essentially a long-term savings plan designed to provide financial security in retirement. Group superannuation funds are a popular option for many employees, as they offer a range of benefits and advantages compared to individual superannuation accounts. In this article, we…
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Can You Have 2 Superannuation Funds
Having multiple superannuation funds is a common scenario for many individuals in Australia. Whether due to changing jobs frequently, personal choices, or lack of awareness, it is not uncommon for people to end up with more than one super fund. However, the question remains: Can you have 2 superannuation funds? In this article, we will…
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How to Combine Super Funds
Combining super funds can be a smart financial move for many individuals. It can help streamline your investments, reduce fees, and make it easier to manage your retirement savings. However, it’s essential to understand the process and potential implications before making any decisions. In this article, we will explore how you can effectively combine your…