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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.

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.