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Regulatory

Greens strike pension test deal with coalition

DARREN SNYDER  |  WEDNESDAY, 17 JUN 2015
A deal between the Coalition and the Greens means special consideration will be given to retirement incomes in the federal government's Tax Discussion Paper, and proposed changes to the pension asset test will be passed by parliament.

Treasury extends tax debate

ALEX BURKE  |  WEDNESDAY, 17 JUN 2015
Treasurer Joe Hockey has announced the submissions deadline for the Tax White Paper will be extended by six weeks to July 24.

Macquarie refunds $5.5m after 13-year system errors

ALEX BURKE  |  WEDNESDAY, 17 JUN 2015
Macquarie Investment Management will refund $5.5 million to 2,300 clients after system errors between 2001 and 2014 led to miscalculated fees.

BT pays fines for misleading super statements

STAFF WRITER  |  TUESDAY, 16 JUN 2015
Australia's corporate watchdog said BT Funds Management recently paid more than $20,000 in fines.

Super tax concession savings not overly generous: NAB

DARREN SNYDER  |  TUESDAY, 16 JUN 2015
National Australia Bank (NAB), in a submission to government, has said superannuation should be the most concessionally incentivised form of savings for Australians so it remains the most attractive structure to save for an adequate retirement.

US fiduciary rule fight not slowing down

ALEX DUNNIN  |  TUESDAY, 16 JUN 2015
US financial services professional associations fire another salvo in their 5-year fight over limiting the application of fiduciary rules for financial advisers.

Super pool reducing Aussie reliance on foreign capital: ASFA

DARREN SNYDER  |  MONDAY, 15 JUN 2015
Australia's compulsory superannuation system and its positive effects for individuals and the economy should not be lost in the Tax Discussion Paper process.

Rice Warner debunks super myths

DARREN SNYDER  |  FRIDAY, 12 JUN 2015
The chief executive of superannuation research and advice firm Rice Warner believes Australians will be set up for poor retirement unless the industry kills off its many myths.

Australia bottom of the class for portfolio disclosure

MARK SMITH  |  THURSDAY, 11 JUN 2015
Australia has come dead last in a study of portfolio disclosure standards across 29 countries.

Cbus chief executive answers Royal Commission

DARREN SNYDER  |  THURSDAY, 11 JUN 2015
Cbus chief executive David Atkin has again flatly denied having any knowledge of the superannuation fund releasing members' personal information to the Construction, Forestry, Mining and Energy Union (CFMEU).