Best performing super funds: All Growth category (96–100%) Best performing super funds: High Growth category (81–95%) For more information on what these details describe, please scroll down for a more detailed description. [7] On 13 April 2019, members and assets of OnePath MasterFund were transferred to the Retirement Portfolio Services superannuation fund. [6] FirstChoice Personal Super. About us, how we regulate and the laws we administer. Check business name details are up to date, Request an alternative registration period for business name, Steps to transfer a business name to a new owner, Steps to register a business name with a transfer number, ASIC-initiated cancellation of business name. “Those trustees that have committed to remediation are heeding the lessons of the Financial Services Royal Commission – that trustees should seek to achieve outcomes for members in line with community standards and expectations,” she said. Members can contact the Australian Financial Complaints Authority (AFCA) for fair, free and independent dispute resolution if they have complaints.

Without a phone number, your employer would be unable to contact your chosen superfund. Fund ABN: Fund USI: NML0450AU.

If this is a new fund for you, your employer may need to provide the fund with some additional details, or they may need to contact the fund in order to receive details on how to make the correct super contribution payments on your behalf.

Many Australians may not realise that default classifications can impact the price of their cover and therefore, reduce their retirement benefits.

[4] On 15 May 2020, affected members were successor fund transferred to the Super Directions Fund for which NM Superannuation Proprietary Limited is Trustee. For more information, refer to: ASIC is also looking more broadly into the superannuation industry’s progress on improving insurance outcomes for consumers, and released a short report examining industry progress on the implementation of the Insurance in Superannuation Voluntary Code of Practice (REP 646).

If members believe they have been inappropriately classified as ‘smokers’, they should approach their fund in the first instance. Important: This profile does not include fund performance because APRA only provides this on a fund-level, and not for a specific investment option. Fund Phone Number: 133 056. Information and guides to help to start and manage your business or company. Fund ABN: 78421957449. Choosing appropriate default settings for insurance coverage is an important part of a trustee’s responsibilities in relation to group insurance.

They are AMP, Colonial First State, Equity Trustees, IOOF (including OnePath), Intrust, Netwealth, and Suncorp. Small business resources in other languages, Professional standards for financial advisers, Appointing and ceasing an AFS authorised representative, Applying for and managing your credit licence, Varying or cancelling your credit licence, Tips for applying for auditor registration, Applying for auditor or authorised audit company registration, Your ongoing obligations as a registered company auditor, Changing your auditor registration details, Self-managed superannuation fund (SMSF) auditors, Updating your details and submitting requests to ASIC, Your ongoing obligations as an SMSF auditor, Applying for and managing your liquidator registration, Your ongoing obligations as a registered liquidator, Changing or cancelling your liquidator registration, Registered liquidator transactions on the ASIC Regulatory Portal, Licensed and exempt clearing and settlement facilities, COVID-19 information – Managed investment schemes, Competition in the funds management industry, Superannuation guidance, relief and legislative instruments, Insolvency for investors and shareholders, Director oversight of financials and audit, Corporate actions involving share capital, Changes to how you lodge fundraising and corporate finance documents. The USI for Super Directions for Business Rollover Section is NML0450AU. I strongly encourage trustees to take into account the composition and needs of their membership and check whether their default settings for insurance coverage are reasonable,” she said. On 15 May 2020, affected members were successor fund transferred to the Super Directions Fund for which NM Superannuation Proprietary Limited is Trustee. [10] Suncorp have not finalised whether they will remediate members.

Product Name: Super Directions for Business Rollover Section. Fundraising restrictions on advertising and cold calling, Consolidation of fundraising instruments and guidance, Public comment on ASIC's regulatory activities, Private court proceedings - ASIC involvement, Recovery of investigation expenses and costs, Lawful disruption of access to online services policy and procedures, 20-180MR Superannuation trustees compensate members wrongly classified as ‘smokers’, Wealth Personal Superannuation Pension Fund, Colonial First State FirstChoice Superannuation Trust, IOOF Portfolio Services Superannuation Fund, all seven superannuation businesses stopped charging new members life insurance premiums at smoker rates by default, all seven superannuation businesses moved, or are in the process of moving, existing members paying premiums at ‘smoker’ rates by default onto non-smoker or blended rates; and, four superannuation businesses refunded or agreed to refund members for the extra premiums paid because of the default ‘smoker’ classification (refer. [5] FirstChoice Employer Super. Products in the Super Directions Fund and the Wealth Personal Superannuation and Pension Fund are issued by N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group (AMP).

On 31 January 2020, ownership of ANZ’s superannuation and investment business (including OnePath) changed to IOOF Holdings Limited. the postage address for superfund is most often a PO or Locked Bag address, and differs from the street address of the superfund.

NM Super has outsourced its administration services to NMLA for the ‘National Mutual Pro-Super Fund’, ‘National Mutual Retirement Fund’ and ‘Super Directions Fund’.

What disclosure documents do you need to give potential investors when raising funds? We anticipate publishing an additional report by the end of December 2020. You could also use this address to send documents to your superfund (check with your superfund first, call 133 056). Fund Phone Number: 133 056. When can you raise funds without a disclosure document? “Insurance in super is complex. Superannuation is a financial product, and as a financial product is requires the statement of disclosure regarding the product. Fast Facts. Information about applying for and maintaining your licence or professional registration. Fast Facts.

When planned remediation is complete, more than 5,000 members will have received more than $3.6 million in compensation. How ASIC regulates financial services and products and what to do when you have a problem with your finances.

Super Directions Fund is required to provide a product disclosure statement to ensure that each customers understands how their superannuation works. [9] Netwealth has remediated affected members back to 2012.

Fund USI: NML0258AU. Product Name: Super Directions - Personal Super Plan. You need to provide the phone number, for similar reasons you need to provide an address. [3] 14% and decreasing according to recent ABS data (Cat. These are some of the reasons you're required to provide the address and phone number of the fund. “All trustees we raised these concerns with have ended this practice with new members. No 4364.0.55.001).

Many have decided to refund affected members, in part or in full, for the higher insurance costs. Following the engagement, ASIC was able to confirm that: ASIC Commissioner Danielle Press said, “Generally, insurance premiums for smokers are substantially higher than for non-smokers.

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