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Superannuation

What is the future of transition management?

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
The recent departure of J.P. Morgan from the transition management space - following the departure of Credit Suisse, BNY Mellon and Convergex - has brought the future of this under-the-radar industry into question.

CBA integrates online business banking with MySuper

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
Commonwealth Bank of Australia (CBA) has taken its campaign to become a major player in employer superannuation up a notch, integrating its business banking services and MySuper product on its online banking tool, NetBank.

FSC lobbies against super "7 year gap"

LAURA MILLAN  |  WEDNESDAY, 16 APR 2014
The Financial Services Council (FSC) chief executive John Brogden has asked for superannuation access age to be lifted, to close the "seven year gap" with the pension age.

IPA calls for repeal of 10% rule

MARK SMITH  |  WEDNESDAY, 16 APR 2014
The Institute of Public Accountants (IPA) has urged the government to review the '10% rule', which restricts a number of Australians from making personal concessional contributions into their superannuation.

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
The government could play an active role in the creation of a functioning annuities and longevity insurance market, according to the Centre of Excellence in Population Ageing Research (CEPAR) in its submission to the Financial System Inquiry.

Protection needed if pension age increased: AIST

LAURA MILLAN  |  TUESDAY, 15 APR 2014
The Australian Institute of Superannuation Trustees (AIST) said that an increase in the pension age should be accompanied by measures to protect older Australians who are unable to work longer.

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
A Canadian finance professor has come up with a way of making lifetime annuities affordable by designing them so they only pay out if the market does badly.

Younger Australians taking interest in superannuation

STAFF WRITER  |  TUESDAY, 15 APR 2014
Younger people are taking a more active interest in their superannuation, according to the latest quarterly MLC Wealth Sentiment Survey.

Cbus to launch 'self-managed' product

JAMES FERNYHOUGH  |  MONDAY, 14 APR 2014
Industry fund Cbus will launch a member direct investment (MDI) option in mid-2014, following the lead of a number of other industry funds seeking to stem the flow to self-managed super funds (SMSFs).

Hockey signals pension age might climb to 70

ALEX DUNNIN  |  FRIDAY, 11 APR 2014
Treasurer Joe Hockey has issued veiled warnings that welfare spending and age pension structures will need to be changed say by raising the pension age to make them affordable.