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Superannuation

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.

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.