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Superannuation

FSC questions pertinence of APRA super stats

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
The Financial Services Council has questioned the pertinence of figures released by the Australian Prudential Regulation Authority last week that show the investment returns of not-for-profit superannuation consistently outperforming those of their retail ...

QSuper launches income account

JAMES FERNYHOUGH  |  WEDNESDAY, 18 DEC 2013
QSuper has launched an income stream product designed for members in the retirement phase.

FUM, Super, platforms all end year on high note

ALEX DUNNIN  |  MONDAY, 16 DEC 2013
Despite the negative picture about the economy being painted by the new government, the year has ended on a positive note for wealth managers with funds under management and investment returns all in strong above trend double digit territory.

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH  |  MONDAY, 16 DEC 2013
The government will not proceed with Labor's plan to grant tax concessions to retirement income derived from deferred lifetime annuities (DLAs).

Future Fund defiant in face of airport legal proceedings

ALICE URIBE  |  FRIDAY, 13 DEC 2013
The Future Fund has rejected claims that it acted improperly in relation to its acquisition of a stake in Perth airport and "will vigorously defend" itself in the legal battle with the country's biggest superannuation fund, AustralianSuper, over the ...

Industry funds should offer SMSFs: QMV

JAMES FERNYHOUGH  |  WEDNESDAY, 11 DEC 2013
Industry superannuation funds should consider offering self-managed super funds (SMSFs) to their members, according to QMV Super Solutions chief executive Brad Goodall.

LGS carbon screening possible, but not imminent

JAMES FERNYHOUGH  |  WEDNESDAY, 11 DEC 2013
The board of Local Government Super (LGS) will consider toughening its screening of investments in companies exposed to coal mining and other fossil fuels, but is unlikely to make any decisions before February, according to LGS head of sustainability ...

Praemium strikes deal with RBS

JAMES FERNYHOUGH  |  TUESDAY, 10 DEC 2013
Praemium International Limited, a subsidiary of Australian company Praemium, has cut a deal with the Royal Bank of Scotland (RBS) to provide platform services to RBS International's ex-pat clientele based in the tax haven of Jersey.

SPAA defends status quo on SMSF regulation

JAMES FERNYHOUGH  |  TUESDAY, 10 DEC 2013
The self-managed superannuation super (SMSF) sector is not being poorly regulated, according to SMSF Professionals' Association of Australia (SPAA) chief executive Andrea Slattery.

Expected retirement age slowly going up

ALEX DUNNIN  |  TUESDAY, 10 DEC 2013
Despite the policy push for increasing the retirement age, most Australians are still retiring in their early fifties even though more future retirees expect to have to keep working beyond age 70.