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Superannuation

Increasing SG is not the answer: O'Dwyer

KARREN VERGARA  |  THURSDAY, 5 APR 2018
Federal Revenue and Financial Services Minister Kelly O'Dwyer has rebuffed the Labor Party's push to raise the superannuation guarantee (SG), pointing out several reasons why this is not the only answer to help boost retirement savings.

Two industry funds merge

KARREN VERGARA  |  THURSDAY, 5 APR 2018
Two industry superannuation funds will merge to create a $10.3 billion superannuation fund with about 125,000 members.

New super fund joins forces with GBST

ALEX BURKE  |  THURSDAY, 5 APR 2018
GBST is partnering with a start-up online super fund to provide a digital on-boarding service for prospective members.

Super fund redesigns insurance offering

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
An $8 billion superannuation fund has opened a tender for its new life insurance offering, one which aims to comply with the Insurance in Superannuation Voluntary Code of Practice well ahead of the 2021 deadline.

Industry fund transformation sees rebrand

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
One of Australia's largest industry superannuation funds has rebranded as part of its renewed focus on customer service.

Merged super funds save $30m for members

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
Members of two newly-merged industry funds are due to reap cost savings of $30 million per year once the transition finalises on May 12.

PwC urges super trustees to fast-track GDPR compliance

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
Superannuation trustees unprepared for the European Union's General Data Protection Regulation (GDPR) regime must fast-track the necessary steps to comply with new, stringent privacy laws, PwC warns.

Industry fund launches lifecycle default option

KARREN VERGARA  |  TUESDAY, 3 APR 2018
A $7 billion industry superannuation fund is launching a default option that will automatically adjust with members' age.

Focus on tax outcomes to drive up member returns: Parametric

ALEX BURKE  |  TUESDAY, 3 APR 2018
Research from Parametric shows a tax-efficient super investment portfolio can demonstrably improve member outcomes.

Less than half of all super funds are gaining new members

ALEX DUNNIN  |  THURSDAY, 29 MAR 2018
APRA released its 2017 superannuation fund level statistics and it shows that of the 170 funds included in their report, less than half experienced growth in net membership.