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Superannuation

FSC anticipates different role for Senator Cormann

MARK SMITH  |  WEDNESDAY, 11 SEP 2013
The Financial Services Council (FSC) believes Senator Mathias Cormann is unlikely to maintain the same portfolio combination he has held in opposition when Prime Minister elect Tony Abbot announces his government.

Could ASIC become the SMSF regulator?

JAMES FERNYHOUGH  |  TUESDAY, 10 SEP 2013
The recent scrutiny that self-managed super funds (SMSFs) have found themselves under from the Australian Securities and Investments Commission (ASIC) could be a taste of things to come, according to lawyer Claire Wivell Plater, managing director of ...

Telstra Super lures members with SMSF lookalike

JAMES FERNYHOUGH  |  TUESDAY, 10 SEP 2013
Corporate super fund Telstra Super has launched a new investment platform offering members direct access to term deposits and shares, in a move to retain members who might otherwise set up self-managed super funds.

Super returns climb to 16.8 pct

STAFF WRITER  |  TUESDAY, 10 SEP 2013
Super funds have begun 2013-14 with more robust results that in July 2013 pushed up the SelectingSuper Workplace rolling 12 month default option index to 16.8%, the best rolling 12 month return in three years.

Industry backs Cormann as Superannuation Minister

LAURA MILLAN  |  MONDAY, 9 SEP 2013
Major financial services bodies are throwing their support behind Mathias Cormann, asking for him to be appointed Minister of Superannuation and Financial Services in the new Government.

Orient Capital launches APRA reporting service

JAMES FERNYHOUGH  |  MONDAY, 9 SEP 2013
Orient Capital has launched its solution to the Australian Prudential Regulation Authority's reporting standards, part of the Stronger Super reforms.

Australian pension fund growth outstrips global average

MARK SMITH  |  MONDAY, 9 SEP 2013
Australian pension fund growth was twice the global average in 2012, according to a global survey of the world's 300 largest funds conducted by US newspaper Pensions & Investments and Towers Watson.

Independent providers fail at cross-selling banking products

LAURA MILLAN  |  THURSDAY, 5 SEP 2013
AMP and industry funds are the major providers of superannuation for consumers and businesses, but they have had very little success at selling banking products to their customers.

Employer super contributions down as jobless figure rises

JAMES FERNYHOUGH  |  THURSDAY, 5 SEP 2013
Employer superannuation contributions saw their biggest fall in the 2013 June quarter since the global financial crisis, according to Financial Services Council (FSC) chief economist James Bond.

AMP bolsters corporate super business

LAURA MILLAN  |  WEDNESDAY, 4 SEP 2013
AMP Financial Services has made a series of senior appointments to its corporate super business in an effort to cope with major regulatory change and changing customer preferences.