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Superannuation

CSRI identifies super flaws

ALEX BURKE  |  MONDAY, 4 MAY 2015
Ahead of its post-budget forum on June 2, the Committee for Sustainable Retirement Incomes has identified key issues with Australia's superannuation system in its FSI submission.

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.

LGS launches shareholder voting website

DARREN SNYDER  |  MONDAY, 4 MAY 2015
Local Government Super is reported to be the first super fund in Australia disclosing its voting intentions in advance of investee company shareholder meetings.

ASIC delays super portfolio disclosure again

STAFF WRITER  |  FRIDAY, 1 MAY 2015
The start date for portfolio holdings disclosure reporting and choice product dashboard requirements has been delayed until 1 July 2016, the Australian Securities and Investments Commission (ASIC) said.

Superannuation trustees under the spotlight: APRA

DARREN SNYDER  |  THURSDAY, 30 APR 2015
Some of the trustees of APRA regulated super funds lack understanding of their fund's investment strategy and underlying investments, according to Australian Prudential Regulation Authority (APRA) member Helen Rowell.

First Super appoints independent director

DARREN SNYDER  |  THURSDAY, 30 APR 2015
First Super has added another independent director to its board, former Victorian government minister Candy Broad.

APRA releases super reporting standards

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
The Australian Prudential Regulation Authority (APRA) has released 31 reporting standards for the superannuation industry, five of which are still open for further consultation.

Super lump sum myth debunked

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
Only 16.7% of superannuation assets are withdrawn as a lump sum when members hit retirement, recent analysis from Rice Warner shows.

Future Fund grows to $117bn

AAP AND DARREN SNYDER  |  TUESDAY, 28 APR 2015
The Future Fund has almost doubled since it was established in 2006.

Retirees 'much worse' off: RBA

JASON CADDEN FOR AAP  |  TUESDAY, 28 APR 2015
Life is not going to get easier for self-funded retirees as record low interest rates force them to take on riskier investments, Reserve Bank governor Glenn Stevens says.