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Superannuation

Young adults know very little about super

MARK SMITH  |  TUESDAY, 7 OCT 2014
Young adults are 'unengaged' by and 'uninterested' in superannuation and most show no knowledge of even the most basic facts.

FSC-ISA battle recommences over MySuper data

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
The release of the first set of MySuper data has fuelled the ongoing stoush between the retail and industry superannuation sectors.

Super returns lift to 11.1%

STAFF WRITER  |  FRIDAY, 3 OCT 2014
The SelectingSuper MySuper (ie Workplace) rolling 12 month performance index increased during August to return 11.1% compared 10.6% at end July, albeit still down from June's 12.7%.

Instos get serious about climate change

JAMES FERNYHOUGH  |  FRIDAY, 3 OCT 2014
Last month's United Nations Climate Summit saw a flurry of announcements from some of the world's major institutional investors, ranging from pledges to divest from fossil fuels, to calls on governments to introduce carbon pricing.

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
Superannuation regulator APRA has just released its first set of hard MySuper statistics and they reveal the transition to MySuper is happening faster than expected and the role of life stage investing bigger than anticipated.

APRA confirms MySuper non-confidentiality rules

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
The Australian Prudential Regulation Authority (APRA) will treat MySuper product data as non-confidential, following a period of industry consultation.

Cbus reveals executive pay

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
Industry superannuation fund Cbus has revealed the annual pay of its executives and directors in its 2014 annual report.

LGS rejects coal, tar sands

JAMES FERNYHOUGH  |  THURSDAY, 2 OCT 2014
Local Government Super (LGS) has announced it will be screening out companies that derive the majority of their revenue from coal or tar sands.

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST).

MySuper hurts low balance members: UniSuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Members with very low balances are considerably worse off under the MySuper flat fee rules, according the UniSuper chief executive Kevin O'Sullivan.