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Superannuation

Mis-selling super a win for consumers

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
An advocacy body for superannuation fund members established in 2013 will finally become fully operational thanks to $2.5 million in penalties paid by CBA and ANZ for the mis-selling of super products.

Super fund members satisfied but restless

KANIKA SOOD  |  TUESDAY, 31 JUL 2018
Superannuation fund members are more satisfied with their funds than the previous year but an increasing number is looking to switch funds, according to Investment Trends.

Superannuation shortage facing Aussie retirees: AMP

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
Latest research from the mutual shows Australians hoping to live the retirement lifestyle they aspire to will, from age 65, run out of retirement savings after five years.

The case for indexed annuity bonds

KARREN VERGARA  |  MONDAY, 30 JUL 2018
Indexed annuity bonds could be the answer to superannuation trustees meeting members' post-retirement consumption needs while fulfilling fiduciary obligations at the same time.

Industry fund renews insurer, drops premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
A $5.3 billion industry superannuation fund has renewed its group insurance mandate, reduced member premiums and removed automatic cover for members under 25.

Zuper opens its doors

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
Millennial super fund Zuper has officially launched to make a play at the $2.6 trillion superannuation industry.

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
MLC will cease deducting general financial advice fees from its MasterKey Personal Super products after admitting it did not clearly communicate to members they could opt out of the service.

AFCA funding lacks transparency: AIST

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
The Australian Institute of Superannuation Trustees slammed the lack of transparency around how the Australian Financial Complaints Authority will operate and be funded.

Best in show should not dampen competition: Bowen

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
Shadow Treasurer Chris Bowen said it is hard to argue against a case for better-performing superannuation funds as put forth by the Productivity Commission, yet the best in show approach must be careful that it doesn't dampen competition.

Member takes $50 billion industry fund to court

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JUL 2018
An individual member is taking a $50 billion superannuation fund to the Federal Court for failure to disclose its exposure to climate change risk and preventative actions.