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Superannuation

Australian Ethical pays out $300k in redundancies

JAMES FERNYHOUGH  |  THURSDAY, 12 SEP 2013
ASX-listed retail super fund Australian Ethical will make a number of employees redundant following a "substantial reduction" of its Canberra office.

BUSSQ members happiest in Australia

JAMES FERNYHOUGH  |  WEDNESDAY, 11 SEP 2013
Industry super fund BUSSQ is doing a better job of keeping its members satisfied than any other Australian super fund, according to research by Investment Trends.

NGS Super rethinks ESG as green option flops

JAMES FERNYHOUGH  |  WEDNESDAY, 11 SEP 2013
NGS Super is launching a new socially responsible investment option that will screen out tobacco, armaments and pornography, after its green shares option failed to attract sufficient interest.

ASFA wary about SMSF property schemes

LAURA MILLAN  |  WEDNESDAY, 11 SEP 2013
The Association of Superannuation Funds of Australia (ASFA) is calling for mandatory Australian financial services licensing (AFSL) for all persons involved in the sale of investment products and property to self-managed super funds (SMSF).

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.