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Superannuation

Coalition urged to rethink super slash costings

JAMES FERNYHOUGH  |  THURSDAY, 29 AUG 2013
The Coalition has been urged to reconsider its decision to scrap the low income superannuation contribution (LISC) scheme and delay the increase of the super guarantee (SG), which it announced in its costings yesterday.

Peter Collins to chair ISN

JAMES FERNYHOUGH  |  WEDNESDAY, 28 AUG 2013
Former Liberal politician and NSW Treasurer Peter Collins has been appointed chair of Industry Super Network (ISN).

Super behemoths set to lock horns in Supreme Court

MARK SMITH  |  WEDNESDAY, 28 AUG 2013
Two behemoths of the superannuation industry, AustralianSuper and the Future Fund, will meet in the Victorian Supreme Court in mid-October to dispute the circumstances around the sale of a 29.7% stake in Perth airport.

Whiteley and Brogden join forces to condemn CPA report

JAMES FERNYHOUGH  |  WEDNESDAY, 28 AUG 2013
The 'accord' between the Industry Super Network (ISN) and the Financial Services Council (FSC) has seen its first practical manifestation in a joint response to CPA Australia's report into the superannuation system.

Mercer gives taster of MySuper product

JAMES FERNYHOUGH  |  WEDNESDAY, 28 AUG 2013
Mercer has developed a "whole-of-life" lifecycle default fund which it will use as its MySuper product.

Academic questions Libs' super board independence policy

JAMES FERNYHOUGH  |  WEDNESDAY, 28 AUG 2013
The Coalition's plan to introduce stricter rules aimed at ensuring super fund board independence could be counterproductive, according to Sally Wheeler, professor of law at Queen's College, Belfast.

NZ Super posts record annual return

LAURA MILLAN  |  WEDNESDAY, 28 AUG 2013
The New Zealand Superannuation Fund has posted a record return of 25.8% in the 12 months to June 20, 2013.

Future Fund accused of withholding docs in airport spat

MARK SMITH  |  TUESDAY, 27 AUG 2013
AustralianSuper has upped the ante in its dispute over the Future Fund's purchase of a stake in Perth airport, accusing the $80 billion sovereign wealth fund of withholding crucial documents.

Future Fund denies wrongdoing in Perth Airport deal

MARK SMITH  |  TUESDAY, 27 AUG 2013
The Future Fund will oppose a preliminary discovery application lodged by AustralianSuper, denying any liability for the damages incurred by Australia's largest super fund during its acquisition of a shareholding in Perth Airport Development group.

Plum, Virgin get MySuper authorisation

ALEX DUNNIN  |  TUESDAY, 27 AUG 2013
Plum and Virgin Super are the latest funds to get their MySuper authorisations, bringing the total number of products available to 65