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Superannuation

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).

Aussie super, a tempting catch for organised crime

LAURA MILLAN  |  WEDNESDAY, 31 JUL 2013
Well-resourced and sophisticated international organised fraud networks are increasingly targeting the large pool of compulsory superannuation savings in Australia.

Labor promises five-year freeze on super tax

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
Labor will make 'no major changes' to superannuation tax policy for the next five years should they be re-elected, Treasurer Chris Bowen has announced.

UniSuper new CEO ready to deliver growth

LAURA MILLAN  |  TUESDAY, 30 JUL 2013
UniSuper new chief executive Kevin O'Sullivan is expecting the superannuation fund to grow as a consequence of industry consolidation and the increase of members' super benefits.

Super funds urged to rethink 70/30 structure

JAMES FERNYHOUGH  |  TUESDAY, 30 JUL 2013
The standard 70/30 balanced superannuation fund is failing to deliver satisfactory investment outcomes to members in retirement, according to State Street Global Advisors (SSgA).

Govt to index military age pensions

STAFF WRITER  |  TUESDAY, 30 JUL 2013
The government has announced it will 'triple index' age pensions for retired non-veteran military personnel.

Breaking Australia's love affair with the lump sum

JAMES FERNYHOUGH  |  MONDAY, 29 JUL 2013
As the population ages, Australians will have to move away from lump sum super payments and towards income streams, a trend that will demand bold policy changes