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Superannuation

Stronger Super look-through requirements may erode competitive edge

JAMES FERNYHOUGH  |  FRIDAY, 5 JUL 2013
The federal government's comprehensive look-through requirements, due to come in on July 1 2014, may compromise confidentiality agreements and erode members' returns, according to Graeme Miller, Towers Watson's director of investment services Australia.

A desert island without food... better than managing super

LAURA MILLAN  |  FRIDAY, 5 JUL 2013
Being on a desert island without food, a visit to the dentist or a week without watching television are some of the things that Australians would prefer to do before managing their superannuation.

Last-minute Stronger Super reprieve averts "ludicrous situation"

JAMES FERNYHOUGH  |  THURSDAY, 4 JUL 2013
While the majority of the Stronger Super reforms now apply, the government has deferred two of its last-minute measures, after many in the industry said it was impossible to comply.

Fund chief calls for cap on super lump sum payments

JAMES FERNYHOUGH  |  THURSDAY, 4 JUL 2013
As more and more people approach retirement, there is a growing need to reform the way superannuation is paid out. Part of this may mean putting a cap on lump sum payments, according to MTAA Super chief executive Leeanne Turner.

AustralianSuper returns likely to decline in FY14

LAURA MILLAN  |  THURSDAY, 4 JUL 2013
The AustralianSuper's most popular investment has returned 15.63% investment fees and taxes for the year, a result that will be difficult to match next financial year according to the Fund.

Opposition challenges Labor to review Trio fraud

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
Shadow Minister for Financial Services and Superannuation Mathias Cormann has called on new Treasurer Chris Bowen to review the Gillard government's response to the Trio Capital scandal.

ISN welcomes new National Infrastructure Plan

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
The Industry Super Network (ISN) has welcomed the release of Infrastructure Australia's National Infrastructure Plan, saying it will increase private investment opportunities in infrastructure - in particular for industry superannuation funds.

LUCRF Super extends Community Partnership Trust to SA

MARK SMITH  |  WEDNESDAY, 3 JUL 2013
Australia's first industry super fund, LUCRF Super has launched its LUCRF Community Partnership Trust in South Australia.

WA Local Super gets MySuper licence

JAMES FERNYHOUGH  |  TUESDAY, 2 JUL 2013
WA Local Super has become the first Western Australia-based super fund to be awarded its MySuper licence.

Super industry leaders weigh up Rudd's new cabinet

JAMES FERNYHOUGH  |  TUESDAY, 2 JUL 2013
Following the announcement of Prime Minister Kevin Rudd's new cabinet yesterday, Shadow Minister for Financial Services and Superannuation Mathias Cormann claimed Rudd was "downgrading" the superannuation portfolio.