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Superannuation

ASX jumps "despite" naughty news

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2015
The S&P/ASX 200 index started the day strong and finished stronger - up 1.9% from its 30 November close. So did the All Ordinaries index - up 1.8%.

The world of ASFA according to Twitter

MICHELLE BALTAZAR  |  TUESDAY, 1 DEC 2015
A rocket scientist, an Academy Award winner and a literary figure walked into a bar. I mean, a superannuation conference.

Retirees should draw on home equity: Productivity Commission

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
Australia's older home owners could achieve a modest retirement living standard by drawing on their home equity according to a Productivity Commission report released today.

Tasplan and Quadrant merger official

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
Tasmanian superannuation funds Tasplan and Quadrant officially merge today in a move that will strengthen Tasplan's position to eventually merge with the RBF Tasmanian Accumulation Scheme.

Life insurance claims revamped at industry fund

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
An industry superannuation fund and its insurer have launched an online life insurance claim tool that enables quicker payments and helps identify return to work and rehabilitation services for members.

Retail super members gouged by $7.1bn: ISA

DARREN SNYDER  |  TUESDAY, 1 DEC 2015
Industry Super Australia (ISA) estimates that in the past decade bank-owned super fund members have been gouged by about $7.1 billion for above market fees to in-house suppliers.

And then there's gonna be five

BENJAMIN ONG  |  TUESDAY, 1 DEC 2015
China may well let "market forces" dictate the yuan's exchange rate... but only if it's consistent with the Politburo's diktat.

SMSFs hurt more than APRA funds in downturn

MARK SMITH  |  MONDAY, 30 NOV 2015
The SMSF segment of the superannuation system suffered more in the recent market correction, the latest APRA figures for the September quarter show.

ACCI supports closing tax breaks on high balances

MARK SMITH  |  MONDAY, 30 NOV 2015
The Australian Chamber of Commerce and Industry (ACCI) has said there is "sense" in closing tax relief for people with very high superannuation balances.

Super fund governance bill enters final debate

DARREN SNYDER  |  MONDAY, 30 NOV 2015
The Senate is slated to have its final debate on the superannuation trustee governance bill tomorrow, which at a minimum will see one third independent directors on APRA-regulated super fund boards.