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Superannuation

NGS launches income-focused retirement product

JAMES FERNYHOUGH  |  TUESDAY, 5 AUG 2014
NGS Super has launched a new retirement income product which balances "a combination of capital growth and income return."

Super posts 12.7 pct for FY2014

STAFF WRITER  |  MONDAY, 4 AUG 2014
SelectingSuper has just released its 2013-14 super fund performance tables revealing that funds have had another strong year delivering an average 12.7% while CFS FirstChoice was the top performing Workplace fund.

AIST slams Xenophon's super home loan proposal

JAMES FERNYHOUGH  |  FRIDAY, 1 AUG 2014
Independent Senator Nick Xenophon's proposal to allow first home buyers to access their super for a deposit would "threaten retirement income security", according to Australian Institute of Superannuation Trustees (AIST) chief executive Tom Garcia.

Super fund trustees say manager fees too high

MARK SMITH  |  FRIDAY, 1 AUG 2014
More than 40% of super fund investment trustees believe fund managers will need to trim their fees to remain competitive. However, just 6% of managers agree.

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.