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Superannuation

Inquiry recommends MRRT and LISC be scrapped

MARK SMITH  |  TUESDAY, 3 DEC 2013
The low income superannuation contribution looks set to be scrapped following the Senate Economics Legislation Committee's recommendation that the Minerals Resource Rent Tax (MRRT) and Other Measures Bill 2013 be passed.

Super returns climb to 16.1pct, ahead of pre-GFC glory days

STAFF WRITER  |  TUESDAY, 3 DEC 2013
Super fund returns for the 12 months to end October have jumped to 16.1% reveals latest figures from the SelectingSuper workplace rolling 12 month default option index.

MySuper authorisations hit 99

ALEX DUNNIN  |  TUESDAY, 3 DEC 2013
AMG Super and Rio Tinto are the two latest MySuper authorisations, taking to 99 the total number of MySuper authorised funds.

Government agnostic on portfolio holdings disclosure

JAMES FERNYHOUGH  |  MONDAY, 2 DEC 2013
The government has given little away about its preferences regarding the depth and rigour of portfolio holdings disclosure, following Assistant Treasurer Arthur Sinodinos' release of a discussion paper on this subject last week.

TWUSUPER CEO resigns

JAMES FERNYHOUGH  |  MONDAY, 2 DEC 2013
TWUSUPER chief executive Debora Jackson has resigned from her position after less than a year in the role.

APRA to look into The New Daily

JAMES FERNYHOUGH  |  FRIDAY, 29 NOV 2013
Assistant Treasurer Arthur Sinodinos has said the Australian Prudential Regulation Authority will look into The New Daily on the grounds that it is a misuse of members' money.

ISA and FSC clash over super in awards debate

JAMES FERNYHOUGH  |  FRIDAY, 29 NOV 2013
The industry superannuation sector has spoken out against the government's plan to change the industrial awards system, following the release of a discussion paper by Assistant Treasurer Arthur Sinodinos yesterday.

Performance, fees still major retention risk

ALEX DUNNIN  |  FRIDAY, 29 NOV 2013
Dissatisfaction with performance and fees is still the biggest risk to member retention for retail funds while for industry funds changing employers is the biggest risk to retention, reveals the latest Roy Morgan Research's superannuation and wealth ...

HESTA and Cbus take AIST top awards

LAURA MILLAN  |  FRIDAY, 29 NOV 2013
HESTA and Cbus have received the Australian Institute of Superannuation Trustees (AIST) top awards for 2013.

Government to discuss alternative funding for LISC

MARK SMITH  |  THURSDAY, 28 NOV 2013
The government has indicated that it may be open to finding other sources of funding to prevent the scrapping of the low income superannuation contribution (LISC).