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Superannuation

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
The government has launched its much-anticipated review of Australia's underdeveloped retirement income industry with the release of a comprehensive discussion paper.

Senate saves the LISC

JAMES FERNYHOUGH  |  MONDAY, 21 JUL 2014
The low income superannuation contribution (LISC) scheme has been saved after the Senate blocked the repeal of measures related to the mining tax.

Gen Ys most keen on intra-fund advice

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
Financial advice might be the key to engaging young super fund members, with a new survey revealing that half of Gen Ys who have not used their fund's intra-fund advice services before, intend to do so in the future.

Are super funds the new shadow banks?

JAMES FERNYHOUGH  |  FRIDAY, 18 JUL 2014
Superannuation funds are increasingly behaving like shadow banks and should be regulated as such, an economist and pension expert from the UK has warned.

Telstra offers incentives to switch DB members to accumulation

MARK SMITH  |  THURSDAY, 17 JUL 2014
Telstra has asked for volunteers from its approximately 6,100 employees who are on defined benefit pensions to switch to Telstra Super's accumulation division.

UK annuities policy dubbed 'political schizophrenia'

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
The chief executive of a British pension fund industry body has dubbed the UK government's decision to scrap compulsory annuitisation as 'political schizophrenia'.

Giant NSW fund names investment team

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
State Super's Mark O'Brien has been appointed the general manager of investments of three amalgamated New South Wales state funds.

FSI questions viability of franking credits

JAMES FERNYHOUGH  |  WEDNESDAY, 16 JUL 2014
The viability of Australia's imputation (or 'franking') credits system has been singled out for review in the Financial System Inquiry's interim report.

CFMEU organiser posed as Cbus employee

JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
An organiser for the Construction, Forestry, Mining and Energy Union (CFMEU) has admitted to ringing up Cbus members posing as an employee of Cbus.

Super funds have clout to demand transparency

JAMES FERNYHOUGH  |  FRIDAY, 11 JUL 2014
Super funds should not be shy of demanding full holdings disclosure from alternatives managers in order to meet reporting standards, HOSTPLUS chief investment officer Sam Sicilia has said.