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Superannuation

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
Federal Assistant Treasurer Josh Frydenberg said there is a significant opportunity for the government to reform the current "poorly-conceived" selection process of default superannuation funds.

Long term super fund returns approach record levels

STAFF WRITER  |  FRIDAY, 7 AUG 2015
SelectingSuper has released its final MySuper performance index for 2014/15 confirming that while fund returns dipped below double digit to 9.5% due the 4% fall in equity markets in June, three and five year returns are approaching record high levels.

Super board changes ignore past lessons: Bowen

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
Federal Shadow Treasurer Chris Bowen believes proposed governance changes to superannuation fund boards ignore the lessons learnt from the HIH disaster.

FSC awards industry execs

LAURA MILLAN  |  FRIDAY, 7 AUG 2015
The FSC awarded eight top executives for their contributions to the industry at the conference gala dinner, which took place last night at Movie World, on the Gold Coast.

MySuper fee savings can be doubled

MARK SMITH  |  THURSDAY, 6 AUG 2015
MySuper will result in total cost savings of $1.4 billion to the overall super system, but introducing some simple measures could double that amount, according to the Grattan Institute.

FSC calls for 12% super by 2022

MARK SMITH  |  THURSDAY, 6 AUG 2015
Financial Services Council chief executive Sally Loane has called for a bipartisan commitment to 12% superannuation contributions by 2022 in her keynote speech to the FSC Annual Conference on the Gold Coast.

Sunsuper CIO retires

DARREN SNYDER  |  THURSDAY, 6 AUG 2015
Sunsuper chief investment officer David Hartley is retiring from the $34 billion industry fund but has ruled out full retirement from the investment industry.

Most members actively choose MySuper: research

DARREN SNYDER  |  WEDNESDAY, 5 AUG 2015
A study by the Centre for International Finance and Regulation (CIFR) shows about two-thirds of default superannuation members are actively choosing.

SelectingSuper rejects claim small funds should merge

ALEX DUNNIN  |  WEDNESDAY, 5 AUG 2015
SelectingSuper has rejected the reported assertion that super funds with less than $5 billion in assets should be required to merge.

Older workers are the future

MARK SMITH  |  WEDNESDAY, 5 AUG 2015
There is a huge opportunity for the financial services sector to seize on the opportunity posed by the country's ageing demographics story, according to Shadow Minister for Financial Services and Superannuation Bernie Ripoll.