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Superannuation

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
In the absence of an increase in the superannuation guarantee, industry representative groups agree Australians will need to put more money in to their super accounts after changes to the Age Pension were announced in the federal budget.

Cbus faces serious industry problems with super payments

DARREN SNYDER  |  MONDAY, 11 MAY 2015
An independent governance review of Cbus found the construction industry faces a serious problem with employers regularly gaming the system and not meeting their superannuation payment obligations.

Retirees can increase their withdrawal rate: Milliman

DARREN SNYDER  |  MONDAY, 11 MAY 2015
Actuarial consulting firm Milliman believes there are retirees who could comfortably increase their standard withdrawal rate by at least 50% per annum.

Link Group moves up in Melbourne

DARREN SNYDER  |  FRIDAY, 8 MAY 2015
Superannuation administration and data analytics company Link Group is moving its Melbourne base across to a custom-designed, 10-floor office space at 727 Collins Street, Docklands.

Terminally ill granted early access to super

LAURA MILLAN  |  THURSDAY, 7 MAY 2015
People suffering a terminal illness will be granted early access to their superannuation savings if they have less than two years to live.

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
Federal Social Services Minister Scott Morrison has confirmed that the family home will never be included in the Age Pension means test under a Coalition government.

AustralianSuper narrows income protection definition

STAFF WRITER  |  THURSDAY, 7 MAY 2015
AustralanSuper has made changes to its insurance, including cutting the cost of death cover and some income protection cover and changing definitions that apply to income protection.

AustralianSuper buys $370m stake in Boston building

LAURA MILLAN  |  WEDNESDAY, 6 MAY 2015
AustralianSuper has acquired a 49% stake in a building in Boston following a joint venture partnership with US-based Brookfield Property Partners.

Virgin and Mercer announce super partnership

DARREN SNYDER  |  TUESDAY, 5 MAY 2015
Virgin Money Australia has announced the next step in the development of its superannuation fund.

CFS reveals retirement income strategy

LAURA MILLAN  |  MONDAY, 4 MAY 2015
Colonial First State (CFS) will make annuities available through its First Choice and First Wrap platforms later this year as part of a broader strategy to allow advisers to build retirement portfolios for clients.