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Showing 9531 - 9540 of 18128 results for "superannuation"

ASIC warns fund managers to fix fee disclosure

MARK SMITH  |  TUESDAY, 8 JUL 2014
... investors. The regulator has issued a report following an investigation into fee and cost disclosure practices in the superannuation and managed investment industry. ASIC said it undertook the review in order to understand the practices used by industry ...

GESB outsources admin to Link Group

ALICE URIBE  |  TUESDAY, 8 JUL 2014
The Government Employees Superannuation Board (GESB) has outsourced the management of its superannuation administration services to the Link Group. Western Australian Treasurer Mike Nahan said outsourcing the administration would allow Western Australian ...

Cbus defends member contact sharing policy

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
... have not been complied with." Atkin called on the Royal Commission to focus on companies that fail to meet their superannuation contribution obligations. "The unfortunate reality is that there is a minority of employers, who wittingly or due to other ...

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
Clive Palmer has announced his party will block legislation to abolish the low income superannuation contribution (LISC). Addressing the National Press Club today, Palmer said: "Palmer United supports the abolition of the mining tax, but cannot support ...

Funds return 11% in May

STAFF WRITER  |  MONDAY, 7 JUL 2014
The SelectingSuper Workplace rolling 12 month default option index increased marginally during May to return 11.3% compared to 11.1% at end April. At end December it was 16.1%. Three year super fund average annual returns are 8.8% pa, five year average ...

AustralianSuper balanced option returns 13.88% in FY13

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... returned 17.3%, the US market was up 24.6% and global equity markets returned an average of 21.9%. Australia's largest superannuation fund also mentioned that "unlisted asset portfolios in property and infrastructure continued their trend of recent years ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... the government's amended FoFA "have brought back commissions and other incentives for financial advisers to sell superannuation and other products to Australians. ISA said that "the fine-print of the regulations reveals a range of loopholes and caveats," ...

Citi develops white label banking for industry funds

JAMES FERNYHOUGH  |  FRIDAY, 4 JUL 2014
... to industry funds in the battle to retain members, the service would allow members to combine their banking and superannuation in one place. This is something currently only bank-owned retail super funds can offer. David Edwards, head of sales and client ...

TWU defends mandatory TWU Super contributions

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
The Transport Workers Union (TWU) has defended the TWU's practice of forcing employers to contribute employee superannuation only to TWU Super in collective bargaining agreements. Appearing before the Royal Commission into Trade Union and Governance ...

Sunsuper prepares for end of super in awards

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
Industry super funds should ready themselves for the removal of superannuation from the modern awards system, according to Sunsuper chief executive Scott Hartley. Six months into his role at the fund, the former NAB exec told Financial Standard he thought ...