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Superannuation

Energy Super CEO named fund executive of the year

JAMES FERNYHOUGH  |  THURSDAY, 8 AUG 2013
Energy Super chief executive Robyn Petrou has been named fund executive of the year in the 12th Annual Fund Executive of the Year Award at an event at the Park Hyatt in Melbourne.

Super fees fall to 1.23%

STAFF WRITER  |  WEDNESDAY, 7 AUG 2013
Super fund fees have fallen to 1.23% but increased to $18.6 billion on the back of rising assets under management, reveals new research from Rainmaker.

Retail funds ruled out of corporate tenders on MySuper lack

JAMES FERNYHOUGH  |  WEDNESDAY, 7 AUG 2013
As corporate superannuation funds continue to outsource, retail funds are ruling themselves out as contenders due to their lack of MySuper products.

MTAA launches individual advice service

JAMES FERNYHOUGH  |  WEDNESDAY, 7 AUG 2013
Industry super fund MTAA will now offer a new limited personal advice service to its members.

Westpac and BTFG group get MySuper approval

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
Westpac and BT Financial Group has become only the third retail conglomerate superannuation provider to gain MySuper authorisation.

Strong returns put UniSuper back in the black

ALEX DUNNIN  |  TUESDAY, 6 AUG 2013
Strong investment returns from rebounding capital markets have strengthened UniSuper's balance sheet sufficiently to enable the fund trustee board to announce they no longer need to consider reducing members' benefits to maintain the fund's solvency.

Industry asks for stronger consultation after elections

LAURA MILLAN  |  MONDAY, 5 AUG 2013
The financial services industry welcomed September 7 as the date for the federal elections, and has asked for stronger and more transparent consultation process once the result no matter what the result is.

Industry applauds ISN-FSC union

JAMES FERNYHOUGH  |  MONDAY, 5 AUG 2013
The industry has reacted positively to Thursday's joint announcement that the Industry Super Network (ISN) and the Financial Services Council (FSC) will form a union.

FSC denounces lost super threshold rise

JAMES FERNYHOUGH  |  MONDAY, 5 AUG 2013
The Financial Services Council has denounced the government's plan to raise the threshold at which inactive superannuation account balances can be transferred to the Australian Taxation Office.

Super flushed 'down the drain' by illiterate investment

JAMES FERNYHOUGH  |  MONDAY, 5 AUG 2013
Member-directed investment in superannuation may be leading to poor returns based on financially illiterate investment choices, a study has found.