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Superannuation

Mercer and Bravura combine for super admin

DARREN SNYDER  |  WEDNESDAY, 27 MAY 2015
Acting as a third party administrator, Mercer recently announced it will use Bravura's unified wealth management platform Sonata to administer multiple books of superannuation and KiwiSaver business for clients across Australia and New Zealand.

First State Super restructures top brass

MARK SMITH  |  WEDNESDAY, 27 MAY 2015
First State Super has restructured its leadership team with the creation of two new senior executive positions

Widen access to PLS, say cross-bench senators

ALEX DUNNIN  |  WEDNESDAY, 27 MAY 2015
Senators Jacqui Lambie, Glenn Lazarus, Ricky Muir and Nick Xenophon have called on the government and opposition to back legislation to broaden access to the Pension Loan Scheme (PLS).

Fight profit shifting, ACTU tells industry funds

ALEX DUNNIN  |  WEDNESDAY, 27 MAY 2015
Union appointed industry super fund trustees should use their board influence to treat profit shifting by multi-national companies as a corporate governance issue and also promote infrastructure investment, delegates at the 2015 ACTU Congress were told ...

Super life insurance misconceptions addressed

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
The sale of life insurance through superannuation funds has extended both sectors' reach yet the extra exposure is sending mixed messages to current and potential customers.

Groups call for default super fund decoupling

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
Corporate super representative group CSSA is calling on the industry funds movement to apply its standards of financial planning in the superannuation sector.

Super rules for women still unclear

DARREN SNYDER  |  MONDAY, 25 MAY 2015
A federal parliament bill aiming to clear uncertainty around employers paying female staff more superannuation does not have support from the current government, Fairfax Media reports.

NAS renews custody contract with CareSuper

LAURA MILLAN  |  MONDAY, 25 MAY 2015
National Australia Bank Asset Servicing (NAS) has renewed its partnership with $10 billion industry super fund CareSuper, following a tender process.

Shadow Treasurer will go to election over super

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
Federal Shadow Treasurer Chris Bowen is prepared to table changes to superannuation tax concessions in parliament prior to an election.

Australia's super pool now more than $2 trillion

DARREN SNYDER  |  THURSDAY, 21 MAY 2015
Australia's total superannuation assets grew by 3.6% in the first quarter of 2015, now standing at more than $2 trillion, official data shows.