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Superannuation

Pressure mounts on super in modern awards

JAMES FERNYHOUGH  |  FRIDAY, 14 FEB 2014
MLC and BT have called on the Fair Work Commission (FWC) to delay its four yearly review of the default fund terms of modern awards until after the government has completed its own review into the issue.

SPAA urges concessional cap rethink

MARK SMITH  |  FRIDAY, 14 FEB 2014
The SMSF Professionals Association of Australia (SPAA) has called for a higher concessional cap and the accurate costing of superannuation taxation concessions in its submission to the federal government's May budget.

Retiree confidence in super on the rise

STAFF WRITER  |  THURSDAY, 13 FEB 2014
Retirees' confidence in superannuation as a source of income is on the rise, according to a new report by National Seniors Australia and Challenger.

AIST adopts middle ground on board structure

JAMES FERNYHOUGH  |  THURSDAY, 13 FEB 2014
Super funds should not be forced to include a third quota of independent directors on their boards, but the law should be changed to allow them to do so if they wish, according to the Australian Institute of Superannuation Trustees (AIST).

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.