Page 17 - Rest Super News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Normal text size Very large text size It’s just before 1am, an odd time to be walking dogs. But Daniel Macklin has just clocked off from a forklift-driving shift in Bairnsdale, in eastern Victoria. Now, early on this Monday morning in October 2019, the 33-year-old has driven to Shaving Point, a picnic area in nearby Metung, to give Jasper and Kiro a run and quick sausages cooked up on the public barbecue. Macklin loads the dogs into the back of his brand-new, $60,000 Toyota RAV4 (“lovely car, great car”), into which he’s sunk his entire recent divorce payout. He cruises past the Metun...

Seven of TAL’s superannuation fund partners – Aware Super, Rest Super, LGIA Super, MyLife MyInsurance, NGS Super, Prime Super and TWUSUPER – now offered their members access to the digital service, which complemented the services TAL's claims team to enhance customers' claims experience by making the process as simple, transparent and quick as possible.  Jenny Oliver, TAL chief claims officer, said TAL recognised that for many customers, the convenience and ease of access that comes with a digital experience can lessen the burden of the claims process.   “We are continually looking...

Hardship withdrawals leave black hole in retirement savings We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement About 140,000 of Colonial First State superannuation fund’s one million members withdrew about $1.5 billion in cash from their retirement savings under the federal government’s COVID-19 induced financial hardship early super release scheme last year. About 40 per cent of members who withdrew money – many of which were under the age of 40 – have failed to replace their lost super, CFS data show, leaving a black ...

ASIC sues REST Super for misleading conduct Mar 2, 2021 – 5.34pm Share The corporate watchdog has accused the $60 billion REST Super of misleading and deceptive conduct, alleging the industry superannuation fund tried to stop members transferring their savings to a better performing fund. The Australian Securities and Investments Commission civil case, filed in the Federal Court on Tuesday, alleges REST gained a benefit from the deceptive activity over a decade by retaining members who would have otherwise left, which subsidised fees for other members and increased the size of the fund. Ret...

Super funds go high-tech to reach you in a more modern way We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement flindaSuperannuation funds are pouring money into artificial intelligence and improving mobile phone apps in a bid to harness an uptick in member engagement resulting from the coronavirus pandemic and the federal govenment’s associated financial hardship early access to super scheme. KPMG’s super advisory partner David Bardsley says major industry super funds traditionally maintain loyalty via in-person town hall se...