Around a million Aussies will now be stapled to super funds that failed APRA's performance test. And most people are unaware.
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 | Annabelle DicksonAnnabelle Dickson was a Financial Standard journalist from July 2020 to November 2021. She previously worked at The Inside Investor and The Inside Adviser. She holds a Bachelor of Arts in Communication (Journalism) from The University of Technology Sydney. |
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It's a misunderstanding that super fund mergers will automatically lead to scale benefits for members, according to Spirit Super's chief investment officer.
Workers will be stapled to the first super fund they join, rather than opening up a new fund with each job, under super reforms that passed the Senate this week.
CBA must pay out $7 million after it charged customers a 34% interest rate rather than the 16% shown on their statements.
In response to demand, Raiz's new custom portfolio option is now available to self-managed super funds.
Of the $60 billion in tax concessions handed out to Aussies each year, just $18 billion goes to women.
It is Scams Awareness Week and we have the latest info about a range of scams trying to pilfer millions from Australians' bank accounts.
As a debt collector, I saw inside the troubled finances of fashion designers, barristers, restaurateurs and influencers, all while chasing them to pay what they owed.