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Superannuation

ASFA calls for consistent global regulatory standards

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
The global pension community must work together to achieve consistent regulatory frameworks, according to Pauline Vamos, chief executive of the Association of Superannuation Funds of Australia (ASFA).

HESTA non-committal on Transfield divestment

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
Industry super fund HESTA has given no commitment to divest from Transfield Services, following calls for it to do so from the Australian Services Union (ASU).

FEATURE: Insuring against longevity risk

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
While Australia is well on the way to cracking the accumulation phase of superannuation, the problem of how to make those funds last is yet to be solved. James Fernyhough takes a look at one potential solution: longevity insurance.

CareSuper reshuffles board, appoints first female chair

ALICE URIBE  |  WEDNESDAY, 12 MAR 2014
The CareSuper Board has appointed member director Cate Wood as its first female chair and employer director David Michaelis has been appointed deputy chair.

Tasplan and Quadrant mull merger

ALICE URIBE  |  TUESDAY, 11 MAR 2014
Tasmanian superannuation funds Quadrant fund Tasplan will investigate a merger and have entered into a Heads of Agreement.

State Super to combine with two NSW state funds

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The New South Wales government has announced it will amalgamate the management of the assets of State Super with that of two other state-run funds.

Retiree 4pct drawdown limits too high

ALEX DUNNIN  |  TUESDAY, 11 MAR 2014
New research released by the Financial Services Institute of Australia (Finsia) reveals that the standard 4% retirement income drawdown may be too high and inadvertently result in retirement funds running out too quickly.

Media Super to launch MDI option

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
Media Super has become the latest industry superannuation fund to announce it will introduce a member direct investment (MDI) option.

SPAA calls for reduction in SMSF levy

JAMES FERNYHOUGH  |  MONDAY, 10 MAR 2014
The Australian Taxation Office's annual levy on self-managed superannuation funds should be reduced in the May budget, according to the SMSF Professionals' Association of Australia.

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
The senate has passed a bill allowing promoters of illegal early release schemes to be prosecuted.