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Superannuation

FSS increases insurance premiums

ALEX DUNNIN  |  FRIDAY, 6 DEC 2013
First State Super has announced a significant increase in premiums in response to rising concerns that fundamentals in the insurance sector are experiencing a major correction.

Cbus launches default retirement income stream option

JAMES FERNYHOUGH  |  THURSDAY, 5 DEC 2013
Cbus has launched a new default investment option aimed at providing an income stream for people transitioning into, or already in retirement.

Industry and retail fund mergers on the cards

JAMES FERNYHOUGH  |  WEDNESDAY, 4 DEC 2013
As the pressure on superannuation funds to merge increases, large industry funds may start looking to retail funds for merger opportunities, according to DST Global Solutions head of business development Rhys Octigan.

How green are 'green funds'?

JAMES FERNYHOUGH  |  WEDNESDAY, 4 DEC 2013
Superannuation funds offering 'green' or 'sustainable' investment options may be misleading their members, with big polluters often topping the holdings lists.

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.