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Showing 9351 - 9360 of 18128 results for "superannuation"

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors. The Financial Services Council (FSC) claimed that the figures, released yesterday by the Australian Prudential Regulation ...

Super returns lift to 11.1%

STAFF WRITER  |  FRIDAY, 3 OCT 2014
The SelectingSuper MySuper (ie Workplace) rolling 12 month performance index increased during August to return 11.1% compared 10.6% at end July, albeit still down from June's 12.7%. Three year super fund average annual returns are also 11.1% pa with ...

Instos get serious about climate change

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
... and HESTA all announced fossil fuel screening policies, while Simon Sheikh launched Future Super, a 'fossil free superannuation fund'. Since the UN Climate Summit, the Investor Group on Climate Change (IGCC) - which represents big institutional investors ...

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
Superannuation regulator APRA has just released its first set of hard MySuper statistics and they reveal the transition to MySuper is happening faster than expected and the role of life stage investing bigger than anticipated. There are 116 MySuper ...

Cbus reveals executive pay

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
Industry superannuation fund Cbus has revealed the annual pay of its executives and directors in its 2014 annual report. The fund's highest paid executive was chief executive David Atkin, who received a total of $580,040 for the year. The second highest ...

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
... or have indicated that publication would not be detrimental to their commercial interests." The not-for-profit superannuation industry welcomed the regulators decision. Australian Institute of Superannuation Trustees (AIST) executive manager, policy ...

Poor advice forces changes to SMSF practice

LAURA MILLAN  |  THURSDAY, 2 OCT 2014
... sufficiently tailored to the needs of each client and that there was an inadequate comparison of clients' existing superannuation to the recommended SMSF. Interprac is required to report back to ASIC regarding the implementation of the agreed measures ...

LGS rejects coal, tar sands

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
Local Government Super (LGS) has announced it will be screening out companies that derive the majority of their revenue from coal or tar sands. In the most comprehensive fossil fuel screening policy adopted by a major super fund, LGS has included all ...

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager ...

MySuper hurts low balance members: UniSuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
... super is removed from awards. UniSuper's readiness to roll members out of its fund into ERFs demonstrates that a superannuation system based on industrial awards and enterprise bargaining agreements functions very differently to an open market system ...