Category: Superannuation News
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Australian Ethical Investments Leads the Way in Ethical Superannuation Choices
For decades, Australian Ethical Investments has been at the forefront of ethical superannuation, offering investors a chance to align their values with their financial decisions. In a world where the term ‘ethical’ is often tossed around as a marketing ploy, Australian Ethical stands out for its unwavering commitment to ethical investing. Established in 1986, it…
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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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Trump’s Trade Policies Cause $100 Billion Loss in Australian Superannuation Accounts
Recent developments in the global financial landscape, particularly triggered by the trade policies of the Trump administration, have sent shockwaves through Australian superannuation accounts. The aftermath of President Donald Trump’s trade war has reverberated across the Australian Securities Exchange (ASX), resulting in substantial losses amounting to at least $100 billion. This significant downturn in the…
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ASX Crash Sparks Superannuation Concerns Amid Tariff Fallout
Superannuation members faced a significant blow as the ASX crash unfolded following the imposition of tariffs, resulting in substantial losses across the board. The market turmoil triggered by Trump’s tariff policy sent shockwaves globally, prompting experts to advise superannuation holders on crucial strategies to navigate the storm. A Beginner’s Guide to the Stock Market: Everything…
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Boost Your Retirement: Exciting Superannuation Updates Ahead
Australian superannuation funds are facing a crisis as cyber attacks have targeted members’ money, resulting in significant losses. The nation’s largest retirement fund, AustralianSuper, has been at the forefront of these attacks, with several members losing a substantial amount of their savings. This alarming situation has left many fund members unable to access their accounts,…
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Super Funds Cyber Attack: Expert’s Tips for Future Protection
A recent cyberattack on major superannuation funds in Australia has raised concerns about the security of members’ retirement savings. Among the funds targeted were Rest, HostPlus, Insignia, Australian Retirement, and AustralianSuper, with AustralianSuper being the most severely impacted. As Australia’s largest superannuation fund, AustralianSuper manages over $365 billion in retirement savings for approximately 3.5 million…
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Aussies Demand Clarity Amid Superannuation Cyber Attack Chaos
Amidst the chaos caused by suspected cyber attacks on several major superannuation funds in Australia, individuals are demanding clarity regarding the security of their retirement savings. The incident left many members unable to access their accounts, some even finding their balances reduced to zero overnight. This alarming situation has sparked concerns and uncertainties among Australians,…
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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…