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Superannuation

ASFA and AIST push for tighter regulation of SMSFs

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
Two of the major superannuation industry bodies have used their submissions to the Financial System Inquiry to call for tighter regulation of the self-managed superannuation funds (SMSF) sector.

Thinktank launches LRBA loan service

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
Property loan specialist Thinktank has launched a limited recourse borrowing arrangement (LRBA) loan for self-managed super funds (SMSFs).

ATO takes over SME super clearing house

MARK SMITH  |  WEDNESDAY, 2 APR 2014
The Australian Taxation Office (ATO) has taken over responsibility from the Department of Human Services for the Small Business Superannuation Clearing House.

Bank complaints over TV ads seek to "stifle" competition: ISA

LAURA MILLAN  |  WEDNESDAY, 2 APR 2014
Industry Super Australia (ISA) said that major banks were behind the complaints to the Australian Securities and Investments Commission (ASIC) in relation to the organisation's new 'Compare the Pair' television commercials.

ASIC to consider complaints about ISA's 'Compare the Pair'

LAURA MILLAN  |  TUESDAY, 1 APR 2014
The Australian Securities and Investments Commission (ASIC) will consider complaints about the new Industry Super Association (ISA) 'Compare the Pair' campaign, over concerns that they are "misleading."

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
Commonwealth Bank (CBA) is asking the Financial Systems Inquiry to remove super from awards and to amend legislation so employers can select any MySuper product as the default fund for their employees.

SPAA and Macquarie to investigate SMSFs

STAFF WRITER  |  MONDAY, 31 MAR 2014
The SMSF Professionals' Association of Australia (SPAA) and Macquarie will investigate SMSF business models in a newly launched survey that is targeting financial advisers, accountants, administrators and stockbrokers.

Less than 15% meet ASFA standard of retirement savings

LAURA MILLAN  |  MONDAY, 31 MAR 2014
Less than 15% of Australians aged 40 to 64 meet the standard set by Association of Superannuation Funds of Australia (ASFA) for retirement savings, according to a survey by Towers Watson and the University of Melbourne.

Industry heralds government capital recycling plan

MARK SMITH  |  MONDAY, 31 MAR 2014
An agreement between the federal and state governments to incentivise asset sales which have the potential to boost the economy has been welcomed by the superannuation industry.

Cbus first industry fund to get Lonsec rating

MARK SMITH  |  MONDAY, 31 MAR 2014
Cbus Super has received a 'Recommended' rating from retail ratings house Lonsec, a first for an industry superannuation fund.