Tag #Superannuation

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smh.com.au
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Major Australian Superannuation Scandal Impacts Hundreds of Thousands

The collapse of several Australian superannuation funds, including Shield Master Fund, has affected 800,000 Australians and eroded the savings of thousands of retirees and investors, prompting calls for compensation from trustees and a closer look at retirement planning strategies.

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32% Bias Score

No Poverty
dailymail.co.uk
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Collapse of Australian Superannuation Schemes Leaves Thousands with Massive Losses

The collapse of three Australian superannuation schemes, First Guardian Master Fund, Shield Master Trust, and Australian Fiduciaries Limited, has left over 12,000 investors with losses totaling at least $1.2 billion, exposing systemic flaws and highlighting the misuse of funds by directors for perso...

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60% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australia's Superannuation Tax Reform: Addressing Inequity for Low-Income Earners

Australia's tax reform debate focuses on superannuation, with a proposal to trim concessions for high-balance accounts while overlooking the 1.2 million low-income earners, mostly women, receiving no concessions and paying more tax on super than their income.

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60% Bias Score

Reduced Inequality
smh.com.au
🌐 65% Global Worthiness
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Flexible Australian Retirement: No Fixed Age, Increased Personal Choice

Australia's retirement system offers flexibility, with superannuation access at 60 and the age pension at 67, allowing individuals to choose their retirement age based on their financial situation, unlike systems in countries like the UK, US, and New Zealand.

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52% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Achieving Financial Independence: A Strategic Guide to Retirement

This article focuses on achieving financial independence through strategic management of home ownership, superannuation, and investments; it emphasizes understanding investment fundamentals and aligning them with personal goals to accelerate retirement.

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48% Bias Score

No Poverty
theguardian.com
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AustralianSuper Divests \$26.8 Million from Aristocrat's Shares Due to Ethical Concerns

Australia's largest superannuation fund, AustralianSuper, divested \$26.8 million in Aristocrat shares from its "socially aware" fund due to ethical concerns about the gambling industry, adding gambling to its exclusion criteria alongside tobacco, nuclear weapons, animal welfare concerns, and palm o...

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36% Bias Score

Responsible Consumption and Production
smh.com.au
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Australia's Aging Population: Are We Financially Ready for Longer Lives?

Australia's population of 90-year-olds is set to explode by more than 250 percent in 30 years, reaching an estimated 165,637 by 2055, prompting concerns about the financial preparedness of older Australians given current pension shortfalls.

Progress

48% Bias Score

No Poverty
smh.com.au
🌐 65% Global Worthiness
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Financial Strategies for Assisting Children with Homeownership

This article provides expert advice on assisting children with property purchases, emphasizing the importance of mortgage pre-qualification, strategic property selection, avoiding joint ownership, and utilizing government schemes while addressing tax implications for SMSFs and inheritance.

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36% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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ASIC Investigates $1 Billion Australian Superannuation Scheme for Fraud

ASIC is investigating a $1 billion Australian superannuation scheme involving five men, including financial planner Ferras Merhi, for potential fraud after 12,000 investors lost money due to misleading marketing and misappropriation of funds by the fund managers.

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60% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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First Guardian Master Fund Collapse Exposes Flaws in Australian Compensation Scheme

The collapse of Australia's First Guardian Master superannuation fund has left 6,000 investors with potential losses totaling \$446 million due to bad financial advice; a review is underway to address the shortcomings of the current compensation scheme.

Progress

60% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australia's Booming Superannuation: A Risk Amidst Global Crypto Investment

Australia's retirement savings are booming, projected to be second only to the US by 2031; however, the recent US decision to allow retirement funds to invest in cryptocurrency raises concerns given the asset class's volatility and potential conflicts of interest.

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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3.3 Million Australians Lost \$5.7 Billion in Super Due to Employer Underpayments

A recent study revealed 3.3 million Australians missed out on \$5.7 billion in superannuation in 2022-23 due to employer non-payment or underpayment; new laws will require employers to pay super with each salary payment starting July 2026.

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48% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 57 results