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Top News In சில்லறை ஊழியர்கள் சுப்பெறன்ணுஅதிோன் Today - Breaking & Trending Today

Why super is a better retirement bet than houses

Australians should consider putting their money in their superannuation instead of property as fund balances are now growing faster than house prices.
Analysis by Chant West showed median growth-orientated retirement balances surged by 12.2 per cent since July 1 - something unthinkable only a year ago.
The double-digit growth in just nine months, to the end of March 2021, was even stronger than the 7.7 per cent surge in Sydney s median house price during the past year.
Australia s share market was this week close to reaching a record high, with the benchmark S&P/ASX200 just 1.5 per cent below the all-time peak of 7,197 set in February 2020 shortly before the Covid shutdowns. ....

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ASIC moves against REST on false and misleading charges

It said in a statement that ASIC’s case is that these members were denied their lawful rights to superannuation portability and choice of superannuation fund, causing members to suffer financial loss. ASIC further alleges that this conduct resulted in REST retaining a higher level of funds under management than would have otherwise occurred.
Specifically, ASIC alleges REST made representations to members who made, or were considering making, full balance transfers to another fund that:
If they remained employed by an employer who made contributions to the Fund (REST employer) and that employer continued to make contributions to REST, they were required to keep a minimum balance of $5,000 in their account with the fund; ....

Retail Employees Superannuation , Investments Commission , Retail Employees Superannuation Pty Ltd , Australian Securities , Federal Court , Retail Employees Superannuation Trust , சில்லறை ஊழியர்கள் சுப்பெறன்ணுஅதிோன் , முதலீடுகள் தரகு , சில்லறை ஊழியர்கள் சுப்பெறன்ணுஅதிோன் ப்டி லிமிடெட் , ஆஸ்திரேலிய பத்திரங்கள் , கூட்டாட்சியின் நீதிமன்றம் , சில்லறை ஊழியர்கள் சுப்பெறன்ணுஅதிோன் நம்பிக்கை ,

Australia regulator files lawsuit against Retail Employees Superannuation Trust

Australian regulator files lawsuit against retail employee pension fund trust
Reuters
2/03/2021
(Reuters) - Australia s corporate regulator filed a civil lawsuit against Retail Employees Superannuation Trust, alleging the pension fund trustee made misleading representations that delayed or prevented some members from moving their funds and led to financial losses.
The Australian Securities and Investment Commission (ASIC) alleged that the representations were made orally and in writing by the fund between 2015 and 2018, and that it was seeking penalties against the firm.
The pension fund, which is more than 30 years old and manages about A$60 billion ($46.58 billion) for about 1.8 million Australian workers, said it was remediating members who may have experienced a delay in fund transfers. ....

Nikhil Kurian Nainan , Retail Employees Superannuation , Investment Commission , Retail Employees Superannuation Trust , Australian Securities , Rashmi Aich , நிகில் குரியன் நைனன் , சில்லறை ஊழியர்கள் சுப்பெறன்ணுஅதிோன் , முதலீடு தரகு , சில்லறை ஊழியர்கள் சுப்பெறன்ணுஅதிோன் நம்பிக்கை , ஆஸ்திரேலிய பத்திரங்கள் , ரஷ்மி ஐச் ,