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Superannuation

SMSF regulation to remain 'light touch': Sinodinos

JAMES FERNYHOUGH  |  THURSDAY, 28 NOV 2013
The regulation of self-managed super funds (SMSFs) is unlikely to change much under the Abbott government, according to Assistant Treasurer Arthur Sinodinos.

Government targets super in awards, board independence

JAMES FERNYHOUGH  |  THURSDAY, 28 NOV 2013
The Abbott government looks set to follow through on its plan to introduce a quota of independent directors on super fund boards, and to take superannuation out of modern awards, following the release of a discussion paper by Assistant Treasurer Arthur ...

Former Goldman Sachs exec to head REST in-house equities team

JAMES FERNYHOUGH  |  WEDNESDAY, 27 NOV 2013
Former Goldman Sachs head of equity strategy Chris Pidcock will head up REST Industry Super's new in-house Australian equities investment team, REST chief executive Damian Hill has said.

MySuper authorisations nears 100

ALEX DUNNIN  |  TUESDAY, 26 NOV 2013
There are now 97 MySuper products authorised, with all major employer super brands seemingly well positioned for the 1 January 2014 deadline.

Ripoll rips into Abbott government's 'amateurism'

JAMES FERNYHOUGH  |  TUESDAY, 26 NOV 2013
The Abbott government's attempt to take credit for Labor's SuperTICK initiative is "laughable and outrageous", according to Shadow Minister for Financial Services and Superannuation Bernie Ripoll.

Industry bodies call for Government LISC U-turn

MARK SMITH  |  MONDAY, 25 NOV 2013
Industry bodies have called on the Government to reconsider its repeal of the low income superannuation contribution (LISC) in their submissions on the Minerals Resource Rent Tax (MRRT) Repeal and Other Measures Bill 2013.

Government takes credit for SuperStream savings

JAMES FERNYHOUGH  |  MONDAY, 25 NOV 2013
Assistant Treasurer Arthur Sinodinos has said the Abbott Government's plan to save $1 billion a year in red tape reduction will save the superannuation sector almost $50 million per annum.

Industry bodies clash over pension age

LAURA MILLAN  |  MONDAY, 25 NOV 2013
The Productivity Commission's suggestion to lift the age pension to 70 years old has received a mixed reaction from financial services industry bodies.

LUCRF to assess climate change investment risks

JAMES FERNYHOUGH  |  FRIDAY, 22 NOV 2013
Industry fund LUCRF Super will investigate the level of its exposure to 'carbon risks' as part of a move to prepare for the potential investment risks of climate change.

Lift aged pension to 70: Productivity Commission

ALEX DUNNIN  |  FRIDAY, 22 NOV 2013
With Australia's population on track to reach 38 million by 2060, the Productivity Commission has released a research paper that warns now is the time to plan the policy responses that will be needed to cope with these demographic and economic changes.