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Superannuation

Default pensions 'very logical' solution: Brogden

JAMES FERNYHOUGH  |  THURSDAY, 31 JUL 2014
A MySuper-style default retirement product could be "a very logical" way to encourage retirees to take income streams rather than lump sums, according to Financial Services Council (FSC) chief executive John Brogden.

Drastically limit number of default funds: Grattan CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 30 JUL 2014
The government should limit the number of superannuation funds providing default super to around five if it wants to reduce fees, according to Grattan Institute chief executive John Daley.

PROFILE: Sunsuper chief executive Scott Hartley

JAMES FERNYHOUGH  |  WEDNESDAY, 30 JUL 2014
In January, former NAB executive Scott Hartley leapt across the chasm that separates the retail and industry sides of superannuation, becoming chief executive of Sunsuper. Six months in, he reflects on the differences- or lack thereof - of the two.

Brogden rejects cross-selling enticement fears

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
Banks would not legally be able to offer incentives to business bank clients to entice them into their MySuper products, the Financial Services Council has said.

Abetz backed FSC in case against FWC, Federal Court reveals

JAMES FERNYHOUGH  |  MONDAY, 28 JUL 2014
The Financial Services Council (FSC) had the backing of Employment Minister Eric Abetz in its Federal Court case against the constitution of the Fair Work Commission's superannuation expert panel, it has emerged.

UniSuper buys big into Westfield despite restructure war

JAMES FERNYHOUGH  |  FRIDAY, 25 JUL 2014
UniSuper has become one of the major holders of Westfield's new listed company Scentre, despite its high profile opposition to the restructure last month.

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
The Fair Work Commission (FWC) review of default superannuation will cost $400 million and throw the superannuation of 2.25 million Australians into "turmoil", the Financial Services Council (FSC) has claimed.

AustralianSuper awards residential property mandates

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
AustralianSuper plans to increase its holdings in direct Australian residential property in a new deal with property managers QIC and ISPT.

Banks will struggle to profit from super: Sunsuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
Banks are going to find it increasingly difficult to make money out of superannuation as the downward pressure on fees continues, according to Sunsuper chief executive Scott Hartley.

Most super boards have no independent trustees

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
Well over half of all superannuation funds still do not have any independent trustee directors, and most of those have no intention of appointing any, a report by Mercer has found.