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Superannuation

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.

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.

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.

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.

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.