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Superannuation

Impartiality of FWC Expert Panel challenged again

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
The impartiality of the Fair Work Commission's two Expert Panels has again been challenged, with Nationals Senator Bridget McKenzie calling on member Tim Harcourt to resign on the grounds that he is "biased towards the Labor Party."

Super contributions back to pre-crisis levels

MARK SMITH  |  FRIDAY, 29 AUG 2014
Contributions to APRA-regulated superannuation funds are the strongest they've been since the on-set of the global financial crisis, according to a research report by the Financial Services Council (FSC).

Insurance through super saves $403 million

STAFF WRITER  |  FRIDAY, 29 AUG 2014
Insurance provided to people through their superannuation reduces the annual cost to government of social security by about $403 million, according to new research commissioned by the Association of Superannuation Funds of Australia (ASFA).

SPAA rejects compulsory annuitisation

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
The SMSF Professionals' Association of Australia (SPAA) has spoken against the introduction of compulsory annuitisation in Australia in its submission to the Financial System Inquiry (FSI)

Consumers overwhelmingly positive about super

JAMES FERNYHOUGH  |  THURSDAY, 28 AUG 2014
Positive consumer sentiment towards superannuation has increased in most areas over the last year, according to the Superannuation Sentiment Index 2014, conducted jointly by ING Direct and the Financial Services Council.

Annuities not right for default pensions: Rice Warner

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
Life annuities are not appropriate for default pension products as they lock members' money away, according to Rice Warner chief executive Michael Rice.

Give MySuper time to work, says AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
MySuper and SuperStream must be given time to work before the government considers any further changes to the system, the Australian Institute of Superannuation Trustees (AIST) has said.

PROFILE: ME Bank CEO Jamie McPhee

JAMES FERNYHOUGH  |  WEDNESDAY, 27 AUG 2014
Retail super funds have one major advantage over industry super funds: they are also banks. But as ME Bank CEO Jamie McPhee explains, a handful of the country's largest industry funds are starting to wake up and realise they, too, have their own bank.

ASFA asks FSI for clear targets to measure super success

MARK SMITH  |  WEDNESDAY, 27 AUG 2014
The Association of Superannuation Funds of Australia (ASFA) has called on the Murray Inquiry to set clear objectives against which the success of superannuation's role in reducing the Age Pension burden on public coffers can be measured.

NAB launches super clearing house

STAFF WRITER  |  TUESDAY, 26 AUG 2014
National Australia Bank has launched a new superannuation clearing house to enable employers to make superannuation contributions to multiple employee funds and self-managed funds.