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Superannuation

Hamilton calls for stricter SMSF licensing

MARK SMITH  |  WEDNESDAY, 5 FEB 2014
Stricter licensing rules would better protect investors from property spruikers and unscrupulous promoters of geared investment strategies within SMSFs, according to Hamilton Wealth Management's Ian Gillies.

ASFA calls for clarity on retirement income review

JAMES FERNYHOUGH  |  WEDNESDAY, 5 FEB 2014
The Association of Superannuation Funds of Australia (ASFA) has called on the government to provide a clear timetable and terms of reference for its review of retirement income stream regulations, including the tax treatment of deferred lifetime annuities ...

Costello named Future Fund chair

MARK SMITH  |  TUESDAY, 4 FEB 2014
Former Treasurer Peter Costello has been appointed permanent chairman of the Future Fund Board of Guardians.

No silver bullet for gender equity in super: WIS

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
A combination of measures are needed to close the superannuation savings gap between men and women, according to Women in Super chair and president of the Australian Institute of Superannuation Trustees president Cate Wood.

ISA pushes for full transparency

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
Super funds have an obligation to be fully transparent with regard to their fees, costs and asset allocation, according to Industry Super Australia (ISA) chief executive David Whiteley.

Future Fund quiet on leadership changes

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
Future Fund managing director Mark Burgess has remained tight-lipped on whether former treasurer Peter Costello will be appointed the fund's chair, following speculation last week that he was the strong favourite for the role.

Mercer wins Mercy Super admin gig

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
Mercer has entered a seven-year deal with corporate super fund Mercy Super to provide member administration services.

Superannuation bodies axed in government streamlining

MARK SMITH  |  MONDAY, 3 FEB 2014
The SuperStream Advisory Council, the Superannuation Advisory Committee and the Superannuation Roundtable have become the latest casualties of the government's 'streamlining' process.

Obama launches myRA

ALEX DUNNIN  |  MONDAY, 3 FEB 2014
President of the United States Barack Obama has a proposed new retirement savings program called MyRA to help Americans prepare for retirement.

Super subsidies cost $32bn: Treasury

ALEX DUNNIN  |  FRIDAY, 31 JAN 2014
As the government prepares for a review of unsustainable welfare payments, Treasury has released its 2013-14 Tax Expenditures Statement (TES) that confirms the cost of superannuation tax subsidies is $32 billion.