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Superannuation

Member direct investment at "high water mark": AIST

JAMES FERNYHOUGH  |  THURSDAY, 13 FEB 2014
Superannuation funds offering member direct investment (MDI) options must design them to be in the best interest of their members, according to David Haynes, executive manager, policy and research at the Australian Institute of Superannuation Trustees.

Equip enlists Medibank for health insurance

MARK SMITH  |  THURSDAY, 13 FEB 2014
Private health insurer Medibank has partnered with industry super fund Equip to provide health insurance packages aligned to the needs of Equip's members.

FSC slams 'closed shop' super awards rules

JAMES FERNYHOUGH  |  TUESDAY, 11 FEB 2014
The Financial Services Council (FSC) has urged the government to take superannuation out of modern awards, arguing that the Fair Work Commission (FWC) has no role in determining which funds can be default funds.

CSIRO to study super spending habits

MARK SMITH  |  TUESDAY, 11 FEB 2014
CSIRO and Monash University will study the spending habits of retirees to better understand their product and investment needs.

Sunsuper acquires holiday park chain

JAMES FERNYHOUGH  |  TUESDAY, 11 FEB 2014
Queensland-based industry fund Sunsuper has acquired a 98% stake in nationwide holiday park chain Discovery Holiday Parks.

More Australians opt for advice through super

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
Superannuation funds, and industry funds in particular, are on track to becoming the favoured channel for consumers seeking financial advice, according to a new survey by Investment Trends.

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
The government's proposed changes to the Future of Financial Advice (FoFA) reforms must be debated as legislation in Parliament, according to Industry Super Australia (ISA) chair and former NSW Liberal leader Peter Collins.

A third of Australians expect major shortfall in retirement

LAURA MILLAN  |  MONDAY, 10 FEB 2014
Almost one third of Australians expect to experience a large financial shortfall during retirement, according to the MLC Retirement Survey.

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
The SMSFs Professionals' Association of Australia (SPAA) has supported the government's stance to oppose any form of compensation scheme for self-managed superannuation funds (SMSFs).

Australia's pension pool fastest growing in the world

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
Australia's pool of superannuation assets has grown faster than any other pension fund pool in the world over the last 10 years, according to Towers Watson's Global Pensions Asset Study 2014.