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Superannuation

Assets under custody surpass $2.5tr

LAURA MILLAN  |  THURSDAY, 23 APR 2015
Assets under custody and administration in Australia exceeded $2.5 trillion at the end of 2014, with NAB Asset Servicing (NAS) remaining the largest custodian in the country.

REI Super launches live video advice

LAURA MILLAN  |  THURSDAY, 23 APR 2015
REI Super has launched a live video advice service for its members, who are mostly employees of the property and real estate industry.

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
In its final Financial System Inquiry (FSI) submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market.

Hockey slams Labor super tax proposal

ALEX BURKE  |  THURSDAY, 23 APR 2015
Treasurer Joe Hockey has responded to Labor's suggestion of a 15% tax on super earnings above $75,000, saying, "Labor's default position is always to increase taxes."

Industry responds to Grattan report

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
Industry Super Australia and the Association of Superannuation Funds of Australia have responded to the latest Grattan report on superannuation fees.

AMIST Super reappoints NAS

LAURA MILLAN  |  WEDNESDAY, 22 APR 2015
National Australia Bank Asset Servicing (NAS) has been reappointed as custodian for AMIST Super for a further five years.

ALP outlines superannuation tax policy

ALEX DUNNIN  |  WEDNESDAY, 22 APR 2015
The federal ALP opposition has outlined a change to their superannuation tax policy that they estimate could save $1.4 billion per year and help rebalance superannuation.

No changes to neg gearing, super in Budget

ALEX DUNNIN  |  TUESDAY, 21 APR 2015
Just three weeks out from the Abbott government's second budget, the Prime Minister and Assistant Treasurer have said there will be no changes to tax policy regarding negative gearing or superannuation.

BNP becomes UniSuper master custodian

LAURA MILLAN  |  TUESDAY, 21 APR 2015
BNP Paribas will replace NAB Asset Servicing (NAS) as UniSuper custodian following a tender review process.

Grattan issues new report on super fees

ALEX BURKE, ALEX DUNNIN  |  MONDAY, 20 APR 2015
Following on from its controversial "Super Sting" report in 2014, Grattan Institute has released a new report that continues to argue Australia's superannuation industry has excessive costs.