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Superannuation

Super in-house investment no threat to fund managers

JAMES FERNYHOUGH  |  TUESDAY, 15 OCT 2013
The tendency for big super funds to move investment in-house is no cause for alarm for investment managers, according to Principal Global Investors chief executive Grant Forster.

FPA and Cbus reach 'landmark agreement'

JAMES FERNYHOUGH  |  TUESDAY, 15 OCT 2013
The Financial Planning Association of Australia (FPA) has entered what it terms a "landmark agreement" with industry super fund Cbus to begin a pilot professional referral service.

NSW govt to reconsider Pillar privatisation

JAMES FERNYHOUGH  |  FRIDAY, 11 OCT 2013
The NSW Government is considering the sale of state-owned superannuation member administrator Pillar Administration after a period of poor financial performance.

Chifley Super to merge with Sunsuper

MARK SMITH  |  THURSDAY, 10 OCT 2013
Chifley Super is set to merge with Sunsuper, with members and assets being transferred on 31 December 2013.

UK retirees have more debt

ALEX DUNNIN  |  THURSDAY, 10 OCT 2013
UK retirees are using higher proportions of their retirement savings to pay off debt, reveals the Spring 2013 UK Aviva Real Retirement Report.

Sinodinos aims at "fixing the messes" inherited from Labor

LAURA MILLAN  |  WEDNESDAY, 9 OCT 2013
Assistant Treasurer Arthur Sinodinos said that the new Government "will take responsibility for fixing the messes we have inherited" in the financial services industry.

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
The Association of Superannuation Funds of Australia (ASFA) has called on the Government to reduce impediments to the provision of adequate retirement income stream products such as annuities.

75,000 SMSFs non-compliant: ATO

LAURA MILLAN  |  TUESDAY, 8 OCT 2013
The Australian Taxation Office has admitted that as many as 75,000 SMSFs totaling assets up to $50 billion could be breaking the rules, leading some in the industry to suggest that the sector should be subject to tighter regulation.

LGS enhances ESG credentials with Green Bond purchase

JAMES FERNYHOUGH  |  TUESDAY, 8 OCT 2013
Local Government Super (LGS) said it has become the first Australian superannuation fund to invest in the European Bank for Reconstruction and Development's (EBRD) $250 million Green Bond.

ISA asks for scaled, affordable advice

LAURA MILLAN  |  FRIDAY, 4 OCT 2013
Industry Super Australia (ISA) has asked the Government to encourage scaled advice within the industry superannuation funds.