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Superannuation

AIST slams independent director quota

JAMES FERNYHOUGH  |  TUESDAY, 22 OCT 2013
Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees, has hit out at the Government's plan to set a quota of independent members on industry super fund boards, calling it a 'number one issue' for AIST.

Industry funds and corporates must talk more: Sherry

JAMES FERNYHOUGH  |  TUESDAY, 22 OCT 2013
Corporate boards and fund managers need to better understand how industry superannuation funds arrive at share voting decisions, according to former Labor minister for superannuation Nick Sherry.

Kinetic Super to use IFS advice service

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
Kinetic Super has become the latest super fund to engage the services of financial advice provider Industry Fund Services.

AusSuper's in-house plan to save $150m

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
AustralianSuper has completed the first phase of its five-year plan to bring 30% of its investment management operations in house, including the addition of 23 new staff members.

Cbus, FPA explain their referral deal

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
The Financial Planning Association of Australia and Cbus explain how their pilot professional advice referral service will operate.

Shorten gives Ripoll shadow superannuation portfolio

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
Opposition leader Bill Shorten has appointed Bernie Ripoll Shadow Minister for Financial Services and Superannuation.

MySuper authorisations creep up to 78

ALEX DUNNIN  |  FRIDAY, 18 OCT 2013
With three months to go until employers will be allowed to send superannuation guarantee contributions only to super funds that have been authorised to offer MySuper products, there are only 78 funds MySuper authorised.

Sunsuper launches MySuper fund

MARK SMITH  |  THURSDAY, 17 OCT 2013
The $24 billion Sunsuper fund has launched its MySuper product, a lifestyle fund which automatically transitions members into lower risk assets as they approach retirement.

Fund members still resisting super engagement

ALEX DUNNIN  |  THURSDAY, 17 OCT 2013
Despite the considerable work by super funds to engage their memberships, two just released consumer surveys have again affirmed the difficulty they face in gaining traction among members.

Women's retirement anxiety is increasing

JAMES FERNYHOUGH  |  TUESDAY, 15 OCT 2013
Women are developing deep seated concerns over not having enough retirement funds, according to the MLC Australian Wealth Sentiment Survey.