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Superannuation

UK to introduce lifetime ISAs

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
The UK government has just announced in its 2016 budget that it will be launching subsidised Lifetime Individual Savings Accounts that will allow people under 40 to save for their first home and retirement.

PC releases Efficiency and Competition Review issues paper

ALEX DUNNIN  |  THURSDAY, 17 MAR 2016
The Productivity Commission has released an issues paper outlining how it will be approaching its latest efficiency and competition review of the superannuation system.

Mercer calls for total retirement income perspective

KERRIE SYDEE  |  THURSDAY, 17 MAR 2016
In response to the Federal Government's objective of superannuation discussion paper Mercer called for clear short and long term objectives to provide secure retirement for all Australians.

Statewide chair collects AIST Trustee of the Year

DARREN SNYDER  |  THURSDAY, 17 MAR 2016
Statewide Super independent chair Juliet Brown has collected the Australian Institute of Superannuation Trustees (AIST) Trustee of the Year.

New insurance industry guidance on its way

DARREN SNYDER  |  THURSDAY, 17 MAR 2016
Superannuation trustees will soon be able to access a document that provides all the information required to fully and better understand their fund's insurance business.

Bravura gives VicSuper tech overhaul

DARREN SNYDER  |  THURSDAY, 17 MAR 2016
VicSuper has laid down an ambition to be "the vanguard of personalised digital service delivery" not only for its 240,000 members, but for the wider superannuation industry.

No evidence that independence would boost performance: CIFR

MARK SMITH  |  WEDNESDAY, 16 MAR 2016
A Centre for International Finance and Regulation (CIFR) study has found little empirical evidence that independence would improve investment performance but suggests that independence is important in maintaining the legitimacy of the superannuation ...

Adequacy benchmark to help define super

DARREN SNYDER  |  WEDNESDAY, 16 MAR 2016
Australian Institute of Superannuation Trustees (AIST) chief executive Tom Garcia believes one of the keys in defining super's purpose will be including an adequacy benchmark.

SuperStream sees 70% of member contributions

ALEX BURKE  |  WEDNESDAY, 16 MAR 2016
Over 70% of members' superannuation contributions to APRA-regulated funds are being sent through SuperStream, according to ATO figures.

Board members lose independence after 12 years: CalPERS

DARREN SNYDER  |  TUESDAY, 15 MAR 2016
One of the world's largest pension funds believes that company directors who serve more than 12 years on the same board are at risk of compromising their independence.