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Showing 10551 - 10560 of 18128 results for "superannuation"

Tax lump sums to beat longevity crisis: ASFA

MARK SMITH  |  THURSDAY, 16 MAY 2013
Imposing higher taxes on taking lump sums from superannuation will encourage members approaching retirement to opt for income streams, the Association of Superannuation Funds of Australia (ASFA) has said in a new whitepaper. Announcing it at its annual ...

Retirement objective is income not performance

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
Providing retirement income solutions for super fund members requires funds to be clear about their goals. Is it achieving high investment returns, enabling members to accumulate high fund balances or is it about providing retirement income, notwithstanding ...

Enshrinement of "financial planner" closer to becoming law

MARK SMITH  |  THURSDAY, 16 MAY 2013
... the term "financial planner" under law for the protection of consumers. The Minister for Financial Services and Superannuation Bill Shorten released legislation for enshrinement in November 2012 and in March this year, government introduced legislation ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
The headlines for the sector are that the superannuation changes announced on 5 April 2013 have been confirmed, the Medicare levy will increase by 0.5% from next year to offset the cost of National Disability Insurance Scheme (NDIS), some future tax ...

SMSF growth slows on low super system confidence

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
A lack of confidence in the superannuation system is slowing the growth of the self-managed super fund (SMSF) market, according to Jordan George, technical development and policy manager at the SMSF Professionals' Association of Australia (SPAA). Speaking ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Superannuation industry bodies have responded positively to last night's federal budget, generally agreeing that there were no major surprises. The Association of Superannuation Funds of Australia (ASFA) chief executive Pauline Vamos praised the government ...

NZ Super offloads mining shares on RE concerns

LAURA MILLAN  |  TUESDAY, 14 MAY 2013
The New Zealand Superannuation Fund (NZ Super) has excluded global mining company Barrick Gold Corporation and its subsidiary African Barrick Gold from its $22 billion investment portfolio on responsible investment grounds. Barrick's mines in Papua ...

Niche mergers have their benefits

JAMES FERNYHOUGH  |  TUESDAY, 14 MAY 2013
... employees) in 2011 and UCSuper (for Uniting Church employees) in 2012. "I often hear trustees and executives in the superannuation industry express concern about the short- and long-term effects of fund consolidation. However, with the right strategy ...

Super industry urged to increase transparency: ASFA

JAMES FERNYHOUGH  |  MONDAY, 13 MAY 2013
Pauline Vamos, chief executive of the Association of Superannuation Funds of Australia (ASFA), has urged the superannuation industry to think about its position as a "compulsory business", and how this may affect client perception. Speaking at the Financial ...

SPAA gives support to Council of Super Custodians

JAMES FERNYHOUGH  |  MONDAY, 13 MAY 2013
... support for the government's move to set up a Council of Super Custodians. Minister for Financial Services and Superannuation Bill Shorten announced the creation of a Charter Group last week. The group will seek input on the establishment of a Council ...