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Showing 10691 - 10700 of 18128 results for "superannuation"

Super needs to forget about politics

LAURA MILLAN  |  THURSDAY, 21 MAR 2013
Superannuation has to move away from the daily political noise and adopt a long term approach, AustralianSuper CEO Ian Silk said yesterday at the AIST's Conference of Major Super Funds in Brisbane. "Superannuation tax concessions are costing over $30 ...

Age pension is retirees' main income source

LAURA MILLAN  |  THURSDAY, 21 MAR 2013
... passes. Justin Wood, a founding shareholder of Vinva Investment Management, explained to the Conference of Major Superannuation Funds yesterday that the amount of exposure of retirees to equities is about 20% and six out of 10 retirees still have the ...

ASIC releases draft super benefits calculator guidelines

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
ASIC has issued a discussion paper on its proposed policy for superannuation forecast calculators that clarifies assumption the regulator wants fund trustees to include. The paper also outlines what guarantees of protection they will grant if fund promoters ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
Draft legislation rules for self managed super funds on related party transactions has alarmed industry association SPAA, which claims the provisions are unnecessarily complex and will add compliance costs. The new provisions are contained in Schedule ...

Govt moves to enshrine 'financial adviser' label

ALICE URIBE  |  WEDNESDAY, 20 MAR 2013
... term "financial planner/adviser" into law. The legislation, introduced by the Minister for Financial Services and Superannuation Bill Shorten aims to enhance protections for Australian consumers by prohibiting anyone who is not a licensed financial planner ...

Only 7% of fund members switched options during GFC: study

ALEX DUNNIN  |  TUESDAY, 19 MAR 2013
... investment decision between 2006 and 2009. This is despite the GFC having an unprecedented impact on the value of superannuation balances, noted the paper's author, Dr Paul Gerrans from the University of Western Australia Business School. "The most profound ...

Super members fail to top-up amid 'perfect storm'

MARK SMITH  |  TUESDAY, 19 MAR 2013
As many as two thirds of Australians are failing to make extra superannuation contributions to meet the expected shortfall in retirement funding, a new report commissioned by Club Plus Super shows. According to the report, an increasing number of people ...

Hedge fund fees under pressure

MARK SMITH  |  MONDAY, 18 MAR 2013
... market to around a third. "There's an awful lot of pressure on fees at the moment and chief investment officers at superannuation funds are at the same time becoming more sophisticated," explained the portfolio manager. "With returns coming down fees ...

BFO board adds Vamos and Chronican

LAURA MILLAN  |  MONDAY, 18 MAR 2013
The Banking and Finance Oath (BFO) announced today that CEO of the Association of Superannuation Funds of Australia (ASFA) Pauline Vamos and CEO of Australia and New Zealand Banking Group in Australia Philip Chronican will be joining its board. Vamos ...

PASF receives MySuper approval

LAURA MILLAN  |  MONDAY, 18 MAR 2013
The Professional Associations Super Fund (PASF) has received a MySuper authorization from the Australian Prudential Regulation Authority (APRA) and will be offering it from July 1 2013. PASF has chosen to offer its Growth investment option under MySuper ...