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Superannuation

Industry funds must learn from banks: Equip

JAMES FERNYHOUGH  |  MONDAY, 12 MAY 2014
Industry funds must learn from banks on areas such as customer relations, branding and diversifying their offerings beyond super if they are to access retail members and build their member bases, according to Geoff Brooks, executive officer of strategic ...

Cbus answers CFMEU leak allegations

JAMES FERNYHOUGH  |  MONDAY, 12 MAY 2014
Industry fund Cbus has said the disclosure of member information to 'sponsoring organisations' is allowable under certain circumstances, following reports that it improperly supplied members' contact details to the Construction, Forestry, Mining and ...

Prime Super will not appoint HIP directors to board

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
The Health Industry Plan (HIP) Super expenses scandal will not affect the merger with Prime Super, but HIP directors will not be a part of the new board.

SuperStream savings 'nowhere near' estimates

JAMES FERNYHOUGH  |  FRIDAY, 9 MAY 2014
SuperStream is not delivering the member value for money that was its intended result in the Cooper Review, according to VicSuper head of employer relations Dean Pearce.

Equip to launch pension version of MySuper

JAMES FERNYHOUGH  |  FRIDAY, 9 MAY 2014
Superannuation fund Equip will launch a retirement phase version of MySuper, called 'Equip MyPension', on 1 July this year, chief executive Danielle Press has revealed.

Super needs a radical new solution to longevity: Keating

ALEX DUNNIN  |  FRIDAY, 9 MAY 2014
Former Prime Minister and superannuation system architect Paul Keating says the government needs to create 'superannuation mark two' to enable superannuation to provide enough money for retirees who are increasingly likely to become centenarians.

ISA and FSC prepare for Federal Court clash

JAMES FERNYHOUGH  |  WEDNESDAY, 7 MAY 2014
A Federal Court face-off between the Financial Services Council (FSC) and Industry Super Australia (ISA) looks likely over the Fair Work Commission's (FWC) involvement in workplace superannuation.

Higher pension age to drive increase in early super releases

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2014
The government's decision to lift the pension age has raised the ire of advocates for manual workers but these workers represent only a minority of the workforce.

Super to engender securitisation 'rebirth': Brogden

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
The superannuation system could use its huge and ever-growing pool of capital to become a mortgage lender in partnership with the banks, according to Financial Services Council chief executive John Brogden.

Citi wins custody of Norway's Oil Fund

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
Citi has replaced JP Morgan as custodian to Norges Bank Investment Management (NBIM), the body that manages Norway's $850 billion Government Pension Fund Global.