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Superannuation

Fair Work confirms MySuper awards regime

JAMES FERNYHOUGH  |  FRIDAY, 8 NOV 2013
The Fair Work Commission has released the outline and timetable for the new default superannuation fund awards system.

Niche super funds cooperate to avoid merging

JAMES FERNYHOUGH  |  FRIDAY, 8 NOV 2013
As compliance costs for super funds skyrocket, small super funds are cooperating to find ways of achieving scale without having to merge, according to IFAA trustee services manager Michael Corcoran.

Government scraps Super Charter

JAMES FERNYHOUGH  |  THURSDAY, 7 NOV 2013
The government has announced it will scrap Labor's plan to set up a Council of Superannuation Guardians and a Charter of Superannuation Adequacy and Sustainability, arguing it would create unnecessary bureaucracy.

Nearly 50% of woman to suffer under LISC dumping

JAMES FERNYHOUGH  |  THURSDAY, 7 NOV 2013
Industry Super Australia (ISA) has ramped up its campaign to save the low income superannuation concession (LISC), saying scrapping Labor's plan will hurt almost one in two Australian women.

AMP buys another SMSF business

MARK SMITH  |  THURSDAY, 7 NOV 2013
AMP SMSF has completed the acquisition of the self-managed super fund (SMSF) administration business of Queensland-based superannuation software developer Supercorp Pty Ltd.

Link Super retains LGS admin contract

LAURA MILLAN  |  WEDNESDAY, 6 NOV 2013
Local Government Super (LGS) has reappointed Link Super as the fund's administration provider after conducting a tender process.

SelectingSuper award nominees announced

ALEX DUNNIN  |  WEDNESDAY, 6 NOV 2013
Rainmaker has released the names of the 30 super fund groups whose products have been shortlisted for the Rainmaker SelectingSuper awards being held in Melbourne on 21 November.

ISA and FSC at odds over super tax changes

JAMES FERNYHOUGH  |  WEDNESDAY, 6 NOV 2013
Industry Super Australia (ISA) has criticised the Government's intention to scrap Labor's plan to cap tax-exempt investment earnings through super, saying it will "sit uncomfortably" with low income earners.

WA Local Government Super rebrands, gets MySuper

JAMES FERNYHOUGH  |  TUESDAY, 5 NOV 2013
WA Local Government Super is looking to corner the MySuper market in Western Australia after becoming the only Western Australian fund so far to be granted a MySuper licence.

NFP funds turning to direct investment options in droves

MARK SMITH  |  TUESDAY, 5 NOV 2013
The large majority of industry superannuation funds are looking to add direct investment options (DIOs) to their service offerings with some even considering opening the service to non-members through separate legal structures.