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Superannuation

Bring on compulsory annuities, says Deloitte partner

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
The government should introduce compulsory deferred lifetime annuities as a way of insuring against longevity risk, Deloitte's lead superannuation advisory partner Russell Mason has said.

No clear case for independent trustee quota: Towers Watson

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
The case for the compulsory appointment of independent trustees to the boards of superannuation funds has not yet been made, according a new paper by Towers Watson.

Government delays SuperStream deadline

JAMES FERNYHOUGH  |  TUESDAY, 27 MAY 2014
The government has pushed back the deadline at which super funds must comply with SuperStream to 1 July 2015.

Raise preservation age with some exceptions: FSC

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
The Financial Services Council (FSC) is pushing for an increase in the preservation age to 65, but with early access measures for those who are unable to work to that age.

FSC apologises to AusSuper for misinformed tweet

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
The Financial Services Council (FSC) has issued an apology on Twitter after it wrongly stated that AustralianSuper collects $19 million a year for intra-fund advice.

Equip slashes insurance premiums

MARK SMITH  |  MONDAY, 26 MAY 2014
Equip has announced cuts to premiums for its death and total and permanent disablement (TPD) cover and its salary continuance cover.

Super returns bonanza fizzles out

JAMES FERNYHOUGH  |  FRIDAY, 23 MAY 2014
Super funds have seen the lowest rates of return for almost two years, according to figures released by the Australian Prudential Regulation Authority (APRA).

MySuper dashboards, ASIC warns trustees

ALICE URIBE  |  THURSDAY, 22 MAY 2014
Following a regulatory review of MySuper product dashboards, the Australian Securities and Investments Commission (ASIC) has issued extra guidance to superannuation trustees about how they need to be handled.

Beware engaged baby boomers, super funds told

JAMES FERNYHOUGH  |  WEDNESDAY, 21 MAY 2014
Increased member engagement could lead to a spike in complaints, according to the Superannuation Complaints Tribunal (SCT) chairperson Jocelyn Furlan.

Super advocates urge caution on age access

AAP  |  TUESDAY, 20 MAY 2014
Superannuation advocates have urged the federal government not to rush any changes to the age at which people can access their retirement savings.