Author: Recruitment Super
-
Super Funds Under Fire: ASIC’s Death Claims Report Reveals Shocking Truth
Superannuation funds are facing intense scrutiny following a scathing report by the Australian Securities and Investments Commission (ASIC) on their handling of death benefit claims. The report, released recently, uncovered a myriad of issues within the industry, highlighting significant deficiencies in how these claims are managed. ASIC’s Chair, Joe Longo, emphasized the dire consequences resulting…
-
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…
-
The future of retirement planning in a digital economy
In today’s rapidly evolving digital economy, the landscape of retirement planning is undergoing a significant transformation. With the rise of advanced technologies and the shift towards online financial services, the future of retirement planning is becoming increasingly intertwined with digital tools and platforms. The Role of Technology in Retirement Planning Technology has revolutionized the way…
-
Australia’s Top Earners: Superannuation’s Key Role in Wealth Growth
Australia’s Top Earners: Superannuation’s Key Role in Wealth Growth Australia’s top earners navigate a financial landscape where superannuation, alongside income, plays a pivotal role in shaping wealth. Recent insights from the Grattan Institute, a Melbourne-based think tank, illuminate the dynamics of wealth and income distribution in Australia, offering a glimpse into the trajectories of high-income…
-
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…
-
How to manage superannuation in divorce settlements
In the unfortunate event of a divorce, there are many complex issues that need to be addressed, one of which is the division of assets, including superannuation. Superannuation is a crucial aspect of many people’s financial security in retirement, so it is essential to handle it carefully during divorce settlements. Managing superannuation in divorce settlements…
-
Super Sector Seeks Policy Changes Despite Budget Stability
In recent news related to superannuation, the sector has expressed appreciation for the stability in super settings following the budget announcement. However, there are concerns about missed opportunities and areas where improvements could have been made. The federal budget, while not heavily focused on superannuation, did mention the sector’s contribution to tax revenue and endorsed…
-
How to verify that your super fund complies with Australian laws
Investing in a super fund is a crucial step towards securing your financial future. As an Australian resident, it’s essential to ensure that your super fund complies with the laws and regulations set by the Australian government. Compliance with these laws not only protects your retirement savings but also ensures that your super fund operates…
-
How do superannuation regulations differ for expats and migrants?
Expats and migrants face unique challenges when it comes to managing their superannuation funds. Superannuation regulations can vary significantly depending on whether you are classified as an expat or a migrant. In this article, we will delve into the differences in superannuation regulations for expats and migrants and how they can navigate these complexities. What…
-
Superannuation Sector Urges Policy Fixes Post Budget Announcement
The superannuation sector is calling for policy adjustments following the recent budget announcement, highlighting perceived gaps in the government’s approach. While the budget maintained stability in super settings, industry voices suggest there are areas that require attention. The federal budget had limited emphasis on superannuation, with minimal references to the sector. Notably, superannuation tax receipts…