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Superannuation

What happened to the ISA-FSC accord?

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
A year on from the announcement of an accord between Industry Super Australia (ISA) and the Financial Services Council (FSC), ISA chief executive David Whiteley gives his take on why relations between the retail and industry wings of superannuation have ...

GESB outsources admin to Link Group

ALICE URIBE  |  TUESDAY, 8 JUL 2014
The Government Employees Superannuation Board (GESB) has outsourced the management of its superannuation administration services to the Link Group.

Cbus defends member contact sharing policy

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
Cbus has defended its policy of releasing members' details to 'sponsoring organisations' in order to chase up arrears, following yesterday's Royal Commission hearing into the improper release of members' contact details.

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
Clive Palmer has announced his party will block legislation to abolish the low income superannuation contribution (LISC).

Funds return 11% in May

STAFF WRITER  |  MONDAY, 7 JUL 2014
The SelectingSuper Workplace rolling 12 month default option index increased marginally during May to return 11.3% compared to 11.1% at end April. At end December it was 16.1%.

AustralianSuper balanced option returns 13.88% in FY13

LAURA MILLAN  |  MONDAY, 7 JUL 2014
The equity markets' rally has contributed in AustralianSuper balanced option delivering 13.88% returns after investment fees and taxes for financial year 2013.

Citi develops white label banking for industry funds

JAMES FERNYHOUGH  |  FRIDAY, 4 JUL 2014
Citi is offering to white label its retail banking services for industry super funds as a way of stemming the outflow to retail funds and self-managed super funds (SMSFs), Financial Standard can reveal.

TWU defends mandatory TWU Super contributions

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
The Transport Workers Union (TWU) has defended the TWU's practice of forcing employers to contribute employee superannuation only to TWU Super in collective bargaining agreements.

Sunsuper prepares for end of super in awards

JAMES FERNYHOUGH  |  THURSDAY, 3 JUL 2014
Industry super funds should ready themselves for the removal of superannuation from the modern awards system, according to Sunsuper chief executive Scott Hartley.

ASFA calls for lifetime contribution caps

MARK SMITH  |  THURSDAY, 3 JUL 2014
The Association of Superannuation Funds of Australia (ASFA) has called for lifetime cap to non-concessional superannuation contributions for those with balances over $2.5 million.