Super funds that invest in line with ethical principles have outperformed those that don’t, according to a new report. The Responsible Investment Association Australasia said 13 funds it rated as leaders in screening for environmental, social and governance factors outperformed 41 others over five-, three- and one-year time frames. Those 13 funds had an average one-year… Continue reading ‘Responsible’ superannuation investing outperforms
NAB faces potential class action proceedings over excess superannuation fees levied by its wealth arm. William Roberts Lawyers is inviting MLC Super fund customers to sign up to the no-win, no-fee action, which is backed by litigation funder IMF Bentham and will seek compensation plus interest for the excess fees. The action will allege that,… Continue reading NAB facing potential super class action
Every few months sees a major employee underpayment scandal – companies announcing that they have made payroll errors that have impacted thousands of employees – go public. Examples are the $43 million error by Rebel Sport this year, the $2 million error by Lush Cosmetics last year, the $1 million in underpayments by Maurice Blackburn… Continue reading Why do major companies keep getting caught in employee underpayment scandals?
Compared to just five years ago, jobseekers’ salary expectations are a lot higher 76% of Australian hiring managers say jobseekers are more demanding when it comes to their remuneration package. 58% respectively say jobseekers expect higher base salaries and bonuses than what is being offered. After several years of slow wage growth, independent research commissioned by… Continue reading Salary expectations have increased
Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses don’t make it past the first three years, which is why business owners should seek help early on to ensure their financial health. But first,… Continue reading Headed for financial trouble? Spotting the warning signs could make all the difference
The phrase ‘tax time’ can all too easily translate to feelings of boredom, dread and uncertainty for the small business owner. There’s the income tax return, BAS, payroll tax, super, and more. However, instead of viewing the annual marker as a time-sapping and difficult box-checking exercise, it should be seen as a spring board to… Continue reading Review your industry, socialise (in the real-world) and other ways to get an EOFY leg-up
The vast majority of small business owners in Australia are navigating tough conditions with little or no support. While they know their business better than anyone, often they fail to tend to certain nagging issues because, well, they’re too busy; instead, they choose to reassure themselves their business model is strong and push on. If you are one of… Continue reading Step back and see the cracks in your business
Only 35.4 per cent of Australians sought the advice of a professional, such as an accountant or financial planner, when deciding to change superannuation providers.
The top 1 per cent of Australia’s high incomes couples set for retirement in 2055 will be receiving over $5 million in government assistance, according to estimates revealed by Industry Super Australia (ISA).
Medium and large-sized businesses now have more time to ensure they are SuperStream compliant after the ATO extended the June 30 due date.
