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Superannuation

Qantas Super appoints new investment adviser

ALICE URIBE  |  THURSDAY, 1 MAY 2014
Mercer will become Qantas Super's new principal investment adviser, taking over from Towers Watson who had held a contract with the fund for 10 years.

Brogden reveals thinking behind FWC legal challenge

JAMES FERNYHOUGH  |  WEDNESDAY, 30 APR 2014
The Financial Services Council's (FSC) decision to challenge the constitutional basis of the Fair Work Commission (FWC) Expert Panel in the Federal Court is part of a strategy to "damage the credibility of the process", FSC chief executive John Brogden ...

OneVue pitches Managed Accounts to industry funds

ALEX DUNNIN  |  WEDNESDAY, 30 APR 2014
Managed account provider OneVue is pitching its services to industry super funds that may be looking to add low cost platform functionality in an effort to meet the investment needs of high-end fund members who may otherwise be tempted to set up their ...

Defence Bank unveils pension product

STAFF WRITER  |  WEDNESDAY, 30 APR 2014
The Defence Bank has launched a new product designed for members in either the accumulation or the retirement stage of life.

FSC will take FWC to Federal Court

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
The Financial Services Council (FSC) will take legal action against the Fair Work Commission (FWC) after it rejected the FSC's request for a hearing on the validity of the expert panel.

Industry responds to super fees study

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Superannuation industry bodies have responded to the Grattan Institute's report on super fees, arguing that fundamental change is not necessary.

No cut to age pension in this term: Abbott

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Prime Minister Tony Abbott has said there will be no change to the age pension in this term of parliament, putting an end to speculation that the pension would be cut back in next month's budget.

Kinetic Super to reduce admin fees

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Kinetic Super will reduce the fixed portion of its member administration fee by as much as 10.5%, the fund has announced.

Future Fund and super returns on par

ALEX DUNNIN  |  TUESDAY, 29 APR 2014
The Future Fund has achieved rolling 3 year returns of about 9.5% pa, putting the de facto sovereign wealth fund on par with workplace super funds when the Future Fund's tax-free and member-free status is taken into account.

Legal action on cards as FWC denies FSC requests

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
The Fair Work Commission (FWC) has rejected the Financial Services Council's (FSC) call for a hearing on the validity of the expert panel as well as its request for a one week extension on MySuper applications.