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Superannuation

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.

Extend MySuper to retirement: ASFA

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
Regulation of superannuation should be designed for the whole of life, incorporating accumulation and retirement, if there is to be stability and product innovation, according to the Association of Superannuation Funds of Australia (ASFA).

First State Super cuts investment fees

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
First State Super has radically reduced the investment fees across its domestic and global equities and fixed interest investment options, in some cases by more than 80%.

HESTA CEO calls for carbon pricing

JAMES FERNYHOUGH  |  THURSDAY, 25 SEP 2014
HESTA chief executive Anne-Marie Corboy has called on governments to introduce carbon pricing in an effort to push more money into low-carbon investments.

Govt to amend fund merger tax laws

ALEX DUNNIN  |  WEDNESDAY, 24 SEP 2014
The Abbott government has announced that it will go ahead with amendments to the tax rules around fund mergers to ensure members caught up in such mergers are not inadvertently hit with tax penalties.

Link Group to buy Superpartners

JAMES FERNYHOUGH  |  TUESDAY, 23 SEP 2014
Link Group is set to buy member administrator Superpartners from its industry super fund owners, AustralianSuper, HESTA, Cbus, HOSTPLUS and MTAA Super.

AustralianSuper to charge for over-the-phone advice

JAMES FERNYHOUGH  |  TUESDAY, 23 SEP 2014
AustralianSuper has told members it will soon start charging for over-the-phone advice relating to transition to retirement strategies.