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Superannuation

Super fund average 14.6% for 2012-13

STAFF WRITERS  |  FRIDAY, 2 AUG 2013
Super funds finished 2012-13 achieving a near record breaking 14.6%, the third highest annual return result in the 26 years for which Rainmaker has been collecting records.

Cbus to put focus on custody in new position

JAMES FERNYHOUGH  |  FRIDAY, 2 AUG 2013
Industry superannuation fund Cbus is developing its investment team and is seeking an investment manager who will have specific responsibility for the fund's relationship with its custodian, National Australia Bank (NAB).

Women need 7% more super

JAMES FERNYHOUGH  |  FRIDAY, 2 AUG 2013
Women's superannuation contribution rates would need to be 7% higher than men's in order to achieve gender equality, a study has found.

Cormann commits to change in face of Labor moratorium

MARK SMITH  |  THURSDAY, 1 AUG 2013
Shadow minister for financial services and superannuation Matthias Cormann has echoed Treasurer Chris Bowen's calls for super certainty but refused to back a five-year moratorium on changes to the system.

ISN and FSC form 'unprecedented' union

JAMES FERNYHOUGH  |  THURSDAY, 1 AUG 2013
A bridge over the traditional gulf between the industry and retail superannuation sectors appears to be under construction following an announcement from the Financial Services Council (FSC) - representing retail - and the Industry Super Network (ISN) ...

ASFA calls for clarity on Labor's super law freeze

JAMES FERNYHOUGH  |  THURSDAY, 1 AUG 2013
The Association of Superannuation Funds of Australia has called on the government to clarify whether the announced but yet-to-be-legislated superannuation reforms will be dropped as part of Labor's promise of a five-year super tax freeze.

ATO clarifies when a pension ceases

STAFF WRITERS  |  THURSDAY, 1 AUG 2013
The Australian Taxation Office has issued a ruling confirming the conditions for when a pension ceases.

Mercer calls for a MyPension product

ALICE URIBE  |  THURSDAY, 1 AUG 2013
David Knox, a senior partner at Mercer, has called for a relaxation of t post-retirement rules and said that a default mechanism for the movement from accumulation to an income stream account should be introduced.

Labor pledges five-year freeze on super tax

MARK SMITH  |  THURSDAY, 1 AUG 2013
A re-elected Labor government would make no changes to superannuation for five years and aims to enshrine a policy in law that would make future changes possible only once every five years hence, Treasurer Chris Bowen said.

Financial literacy in retirement a human rights issue: AHRC

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
Financial literacy among retirees has become a human rights issue, with the release of a manual aimed at helping people prepare for retirement by the Australian Human Rights Commission (AHRC).