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Showing 9691 - 9700 of 18128 results for "superannuation"

Defence Bank unveils pension product

STAFF WRITER  |  WEDNESDAY, 30 APR 2014
The Defence Bank has launched a new product designed for members in either the accumulation or the retirement stage of life. Defence Bank Super is a "Tier 1" product, meaning members can get information about it from one of the Defence Bank's retail ...

FSC will take FWC to Federal Court

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
The Financial Services Council (FSC) will take legal action against the Fair Work Commission (FWC) after it rejected the FSC's request for a hearing on the validity of the expert panel. FSC chief executive John Brogden said he would apply for "an urgent ...

Industry responds to super fees study

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Superannuation industry bodies have responded to the Grattan Institute's report on super fees, arguing that fundamental change is not necessary. Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees (AIST), said that the ...

No cut to age pension in this term: Abbott

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Prime Minister Tony Abbott has said there will be no change to the age pension in this term of parliament, putting an end to speculation that the pension would be cut back in next month's budget. However, the PM used his address to the Sydney Institute ...

Legal action on cards as FWC denies FSC requests

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
... "This process does nothing but continue the status quo of the union-backed industry funds' monopoly on the default superannuation market," Brogden said.

Future Fund and super returns on par

ALEX DUNNIN  |  TUESDAY, 29 APR 2014
The Future Fund has achieved rolling 3 year returns of about 9.5% pa, putting the de facto sovereign wealth fund on par with workplace super funds when the Future Fund's tax-free and member-free status is taken into account. The $98 billion Future Fund ...

Kinetic Super to reduce admin fees

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Kinetic Super will reduce the fixed portion of its member administration fee by as much as 10.5%, the fund has announced. While the fund has not committed to a definite figure, it has given the 10.5% as a maximum limit. Currently the fund charges $1.90 ...

Australia signs FATCA agreement with US

MARK SMITH  |  TUESDAY, 29 APR 2014
... investors and minimises costs by simplifying due diligence requirements." Baker also noted that "certain complying superannuation funds may qualify as Deemed Compliant Foreign Financial Institutions and may not be subject to the same level of compliance ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
The government should get involved in picking default superannuation funds in order to increase competition and bring down fees, a Grattan Institute report has argued. The report, entitled 'Super sting: how to stop Australians paying too much for superannuation' ...

Over 50s want to work longer, survey finds

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
Employer attitudes towards older people in the workforce are improving as employees show a willingness to work longer, according to a study commissioned by the Financial Services Council (FSC). The report, which was conducted by Kreab & Gavin Anderson ...