Watchdog slams super fund communications to retirees
By Nassim Khadem and Adelaide Miller
ASIC's review of 12 super funds collectively responsible for more $1.2 trillion in member assets finds they are failing in customer service and communications, and may not be giving members information to make informed retirement decisions.
#Superannuation #RetirementPlanning #BusinessandIndustryRegulation #ConsumerProtection #NassimKhadem #AdelaideMiller
RBA governor says First Home Guarantee could lead to riskier loans
By Nassim Khadem
RBA Governor Michele Bullock says the federal government's First Home Guarantee scheme could see some Australians taking out riskier loans.
#PropertyPrices #BusinessEconomicsandFinance #FederalGovernment #HousingPolicy #ConstructionandRealEstateIndustry #HousingConstructionIndustry #NassimKhadem
First Guardian financial adviser says he relied on super trustees
By Nassim Khadem
A former financial adviser involved in placing thousands of clients into the First Guardian Master Fund says he was given clearance by superannuation trustee Diversa to do so after the trustee initially flagged compliance concerns.
#Superannuation #FinancialServicesIndustry #FinancialPlanning #FinancialMarkets #PersonalInvesting #BusinessandIndustryRegulation #RegulatoryAuthorities #Courts #NassimKhadem
Gold price hits record high, topping $US4,000 an ounce
By Nassim Khadem
The price of gold has hit another record and is set to become Australia's second most valuable resource export after iron ore.
https://www.abc.net.au/news/2025-10-08/gold-price-hits-record-high-topping-4000-an-ounce/105863902
#Gold #FinancialMarkets #EconomicTrendsandIndicators #NassimKhadem
Up to 30,000 people at risk of losing some or all their super, ASIC boss warns
By Nassim Khadem
Compulsory super has led to higher levels of national savings but, as the pool of savings grows, many argue that stricter supervision is needed to protect Australians' retirement savings.
#Superannuation #FinancialServicesIndustry #ConsumerProtection #FederalGovernment #BusinessandIndustryRegulation #PersonalInvesting #RetirementPlanning #FinancialPlanning #FinancialMarkets #NassimKhadem
Senator calls for 'heads on spikes' to deter super mismanagement
By Nassim Khadem
As questions mount about how Australia's retirement funds industry is regulated, a senator says regulator ASIC must more quickly and forcefully enforce the law.
#Superannuation #FinancialServicesIndustry #CorporateGovernance #BusinessandIndustryRegulation #ConsumerProtection #NassimKhadem
Retirement funds disaster leaves investors in 'a really dark place'
By Nassim Khadem
The failed First Guardian and Shield schemes have cost about 12,000 Australians more than $1 billion in retirement savings and exposed deep flaws in how Australia's $4.3 trillion superannuation sector is regulated.
#Superannuation #FederalParliament #BusinessandIndustryRegulation #FinancialPlanning #FinancialServicesIndustry #Crime #CorporateCrimes #ScamsandFraud #ConsumerProtection #NassimKhadem
The 'shocking legal loophole' allowing some abusers to profit from their partner's death
By Nassim Khadem
Perpetrators of domestic violence and financial abuse can gain access to the superannuation benefits and life insurance proceeds of their victims. A parliamentary inquiry finds super laws should be changed to prevent it continuing.
#Superannuation #DomesticViolence #FinancialServicesIndustry #BusinessandIndustryRegulation #ConsumerProtection #Businesses #Laws #FederalGovernment #FederalParliament #NassimKhadem
Investors in First Guardian, Shield collapses told 'remediation' may be possible
By Nassim Khadem
Thousands of investors who were exposed to heavy losses by investing their retirement savings into the First Guardian and Shield managed investment schemes have been told they may be able to get "remediation" from the superannuation trustees that ran platforms that housed their investments.
#Superannuation #FinancialServicesIndustry #FinancialPlanning #RetirementPlanning #ConsumerProtection #BusinessandIndustryRegulation #Laws #Courts #NassimKhadem
How can you make sure your super goes where you want it to?
By Nassim Khadem
Consumers are being urged to make "binding" death benefit nominations to avoid lengthy legal disputes between family members and loved ones. Here's what you need to do to make sure your wishes are followed.
#Superannuation #Insurance #RetirementPlanning #ConsumerProtection #NassimKhadem
How can you make sure your super goes where you want it to?
By Nassim Khadem
Consumers are being urged to make "binding" death benefit nominations to avoid lengthy legal disputes between family members and loved ones. Here's what you need to do to make sure your wishes are followed.
#Superannuation #Insurance #RetirementPlanning #ConsumerProtection #NassimKhadem
Breaking: Qantas fined $90 million penalty for illegally outsourcing jobs
By Nassim Khadem
The airline giant will face a $90 million penalty over its decision to illegally outsource 1,800 ground handling jobs during the COVID pandemic.
#IndustrialRelations #AirTransportIndustry #Unions #Work #CompanyNews #Courts #TransportIndustry #NassimKhadem
'The emperor has no clothes': Comedian Maz Jobrani hits back at Trump
By Nassim Khadem
Iranian-American comedy veteran Maz Jobrani believes the US president is trying to censor free speech in the United States, and he intends to hit back.
#Comedy #WorldPolitics #Entertainment #TVComedy #StandUpComedy #ComedyMovies #War #Censorship #ReligiousDiscrimination #GenderDiscrimination #Discrimination #ReligionStateRelations #Race #GovernmentandPolitics #NassimKhadem
The ATO is pursuing $56b in tax debt but sometimes goes after the wrong people
By Nassim Khadem
The federal government is being urged to consider legal changes to allow the ATO to waive debts incurred through financial abuse, as the office ramps up use of its powers to recover $56 billion owed by small businesses and individuals.
#Tax #PersonalDebt #TaxEvasion #DomesticViolence #Businesses #SmallBusinesses #AccountingandAuditingServices #Courts #FamilyLaw #FederalGovernment #NassimKhadem
Australia to lose revenue as Trump tax backdown 'protects American companies'
By Nassim Khadem
The man who spearheaded negotiations on a global minimum tax rate says Australia could miss out on significant revenue from US multinational companies after the G7 "caved" to Donald Trump.
#MultinationalCorporations #Tax #Tariffs #BusinessandIndustryRegulation #FederalGovernment #WorldPolitics #NassimKhadem
