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Superannuation

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.

Super must not commingle with banks: ISA

JAMES FERNYHOUGH  |  MONDAY, 9 DEC 2013
The Financial Services Inquiry should focus on harnessing the power of super to fund Australia's real economy, as an alternative source of funding to the banking sector, Industry Super Australia (ISA) has said.

Consumers find super 'mind-boggling', survey shows

JAMES FERNYHOUGH  |  MONDAY, 9 DEC 2013
Consumers view superannuation as "risky", "complex", "mind-boggling" and "stressful", according to a new consumer survey commissioned by the Australian Securities and Investments Commission (ASIC).

Retail funds top super rankings survey

JAMES FERNYHOUGH  |  FRIDAY, 6 DEC 2013
Roy Morgan has released research in which it gives 20 superannuation funds a "consumer brand ranking", using the affluence of members as a central criterion for the fund's overall ranking.

Pension uncertainty for municipal workers in Detroit

HARRY PAGE  |  FRIDAY, 6 DEC 2013
Municipal workers in Detroit may face losing their pensions as the city copes with its $18 billion debt crisis.

Franking credits hindering corporate bond market: AMP

JAMES FERNYHOUGH  |  FRIDAY, 6 DEC 2013
The franking credit system is hindering the development of a vibrant corporate bond market in Australia, according to AMP Capital's head of credit markets Jeff Brunton.

MySuper authorisations hit 100

ALICE URIBE, ALEX DUNNIN  |  FRIDAY, 6 DEC 2013
Equity Trustees Superannuation is the latest fund to get its MySuper authorisations, taking to 100 the total number of MySuper authorised funds.