HSBC announces exit of Australian banking, sells $36bn home and personal loan portfolio to Blackstone
HSBC has announced it is selling its $36bn Australian home and personal loan portfolio to private equity giant…
Big super funds and SMSFs could pay compensation for victims of financial misconduct
Melinda Kee thought her financial ordeal was almost over. But more than 12 months after she lodged a…
Superannuation balances drop as Iran war market shock hits retirement savings: ‘Volatility’
Market volatility is flowing through to Aussie’s super balances, but members are being warned against ‘knee-jerk’ moves. (Source:…
Super switches costing Aussies thousands in retirement savings
Australians are being warned about the long-term impact of panicking with their superannuation with some facing potential losses…
Shield and First Guardian collapses spur managed investment scheme crackdown
The federal government is planning a crackdown on managed investment schemes following the collapses of two large funds,…
Retirement warning for millions of Australians as $1 trillion SMSF trend puts savings ‘at risk’
ASIC’s Alan Kirkland (right) said SMSFs weren’t suitable for everyone and there were costs, responsibilities and risks to…
10-year superannuation trick to ‘guarantee’ your child will retire a millionaire: ‘Incredible’
Financial advisor James Wrigley has revealed the way you can help your kids become millionaires by the time…
Corporate watchdog slams superannuation funds on ‘customer service’, communications with retirees
Tracy has been waiting almost six months for her superannuation request to be processed by one of Australia’s…
Australia’s Pension Funds May Amplify Stress in Liquidity Shock
People sit on a bench at Bondi Beach in Sydney, Australia. Photographer: Brent Lewin/Bloomberg (Bloomberg) — The vast…
Thousands of investors caught up in First Guardian, Shield collapses told super trustees may pay ‘remediation’
Thousands of investors who were exposed to heavy losses by investing their retirement savings into the First Guardian…
‘Systemic failure by Mercer Super,’ ASIC alleges, as it takes $70b fund to court
Australia’s corporate watchdog has launched legal action against superannuation giant Mercer, alleging the fund failed to report serious…