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Showing 1 - 10 of 68 results for "CSS"

Commonwealth Super delivers 'resilient' performance for FY25

MATTHEW WAI  |  WEDNESDAY, 27 AUG 2025
... variation, delivered 7.3% for PSSap and 7.2% for ADF Super. Additionally, its Defined Benefit options returned 10.8% for the CSS Default option, 10.7% for the MilitarySuper Balanced option, and 10.6% for the PSS Default option, which also contains the ...

APRA dissects retirement products for the first time

KARREN VERGARA  |  FRIDAY, 27 JUN 2025
... asset strategies sitting on platforms. Meanwhile, public sector funds such as the Public Sector Superannuation Scheme and CSS Fund boast the largest median account balances of $542,245 and $531,839 respectively. The Military Superannuation & Benefits ...

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... place, the Perpetual Super Wrap with 3330 members had $848,434 on average, while the Commonwealth Superannuation Scheme's (CSS) 97,100 members had $649,181. On a median basis, the Nissan Superannuation Plan and CSS came out on top with $892,461 and ...

CSC turns 100 years old

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... The CSC's predecessor, ComSuper, ran from 1994 to 2015, and managed the closure of the Commonwealth Superannuation Scheme (CSS) to new members in 1990 while launching the Public Sector Superannuation (PSS) scheme the same year. The PSS closed to new ...

Commonwealth Super mulls platform changes

KANIKA SOOD  |  MONDAY, 13 JAN 2020
... There are five defined benefit schemes under CSC's purview that have active contributors: Commonwealth Superannuation Scheme (CSS), Public Sector Superannuation Scheme, Military Superannuation and Benefits Scheme, and the Defence Force Retirement and ...

Final farewell for industry association

JAMIE WILLIAMSON  |  FRIDAY, 7 JUN 2019
... Public Sector Superannuation schemes. In recent years, the body has predominantly advocated for changing the means by which CSS and PSS pensions are fairly indexed to ensure they matched the cost of living index. The pensions also remain taxable despite ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
... Public Service Act. Under the Public Service Act, new employees were defaulted into the Commonwealth Superannuation Scheme (CSS), Public Sector Superannuation Scheme (PSS) or the Public Sector Superannuation accumulation plan (PSSap). No details of the ...

Association names new chief and president

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Workplace Super Specialists Australia has welcomed a new chief executive and president. Paul Mann takes the reins as chief executive and David Harvie has been named president of the financial education and advisory services provider to superannuation ...

Curtain call for industry body after 96 years

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... indexation and taxation of pensions received by former government employees. SCOA does not believe the pensions received under the CSS and PSS are fairly indexed to the real cost of living. In a clear disadvantage, the pensions also remain taxable despite ...

ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
ASIC will allow foreign companies that provide financial services to Australian wholesale clients to continue without the need of an AFSL until 30 September 2019. The corporate regulator announced in June it was proposing a modified licensing regime ...
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