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Superannuation

Death and TPD dominate Super Complaints Tribunal

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
More than half of all complaints made to the Superannuation Complaints Tribunal in the December quarter related to death and disability insurance claims.

UCA introduces fossil fuel screening

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
UCA Fund Management will cease to invest directly in companies involved the extraction, refinement and exportation of thermal coal and unconventional oil and gas.

Greg Sword resigns as CEO of LUCRF Super

ALICE URIBE  |  FRIDAY, 28 FEB 2014
LUCRF Super chief executive Greg Sword notified the fund's board that he would be stepping down after eight years in the role.

ISA spends $9 million on ad campaign

JAMES FERNYHOUGH  |  THURSDAY, 27 FEB 2014
Industry Super Australia (ISA) has confirmed that it spent around $9 million on advertising in 2013, despite some media reporting a much higher figure.

Instos bring ESG perspective to ASX companies

JAMES FERNYHOUGH  |  WEDNESDAY, 26 FEB 2014
Superannuation funds must better engage with the boards of listed companies in order to bring a longer-term perspective to their decisions, according to the Governance Institute of Australia (GIA).

Dalton Nicol Reid wins $40m Intrust mandate

MARK SMITH  |  WEDNESDAY, 26 FEB 2014
Intrust Super has awarded a $40m mandate to Australian equities fund manager, Dalton Nicol Reid.

Singapore lifts CPF rates

ALEX DUNNIN  |  WEDNESDAY, 26 FEB 2014
The Singapore government has announced that Central Provident Fund (CPF) contribution rates will next year climb for pre-retirees up to 35% while also establishing a $8 billion special purpose fund to pay for the health care needs of the Pioneer Generation.

Removal of super from awards top priority: FSC

JAMES FERNYHOUGH  |  MONDAY, 24 FEB 2014
The Financial Services Council (FSC) has called for superannuation to be taken out of the modern awards system, a move it believes would improve competition among super funds and ultimately benefit members. In its submission to the government discussion ...

Sinodinos announces SuperStream governance structure

JAMES FERNYHOUGH  |  MONDAY, 24 FEB 2014
The government has announced that the Australian Taxation Office (ATO) will have stewardship of the SuperStream gateway network for the next two years, in a move it says will provide "certainty and stability" for the superannuation industry.

ATO doing a good job on SMSFs: Cooper

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
The Australian Taxation Office (ATO) is rising to the challenge of efficiently regulating the self-managed superannuation sector, according to Challenger's chairman of retirement income Jeremy Cooper.