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Superannuation

AustralianSuper to merge with AUST (Q) Super

JAMES FERNYHOUGH  |  TUESDAY, 18 JUN 2013
Industry giant AustralianSuper and Queensland-based AUST(Q) Super have announced an 'in principle' merger, set to take place later this year following due diligence processes.

Fund CEOs slam MySuper as 'death by a thousand cuts'

JAMES FERNYHOUGH  |  MONDAY, 17 JUN 2013
Superannuation fund leaders have said MySuper will fail to achieve its aims, while ensuring significant costs to super funds, according to a report conducted by Sussman Associates.

CBA launches MySuper compliant product

ALICE URIBE  |  MONDAY, 17 JUN 2013
The Commonwealth Bank (CBA) has targeted its small business and younger unadvised customers with the launch of a simple, low-cost superannuation offering.

FIRST Super questions fairness of Coalition's super board quota policy

JAMES FERNYHOUGH  |  FRIDAY, 14 JUN 2013
FIRST Super chief executive Bill Watson has cast doubt over the legitimacy of the Coalition's policy to impose quotas on industry superannuation fund boards.

Who will fill the SMSF education gap?

JAMES FERNYHOUGH  |  FRIDAY, 14 JUN 2013
The expansion of the self-managed superannuation fund (SMSF) market is posing new challenges in the education of financial advisers, according to Liz Ward, education manager at the SMSF Professionals Association of Australia (SPAA).

BUSSQ, Qantas, Suncorp get MySuper approval

MARK SMITH  |  FRIDAY, 14 JUN 2013
Three more MySuper licenses have been granted by the Australian Prudential Regulation Authority (APRA) this week, bringing the total number to 41.

Australians missing $18 billion in lost super

JAMES FERNYHOUGH  |  THURSDAY, 13 JUN 2013
Australians' are losing out on $18.1 billion worth of super, according to Westpac's Lost Super Report which was released this morning.

SEC charges US adviser with pension fund theft

ALEX DUNNIN  |  THURSDAY, 13 JUN 2013
The US regulator the Securities and Exchange Commission has charged the leader of a Detroit-based investment adviser for stealing nearly $3.1 million from a public sector pension fund.

StatewideSuper withdrawn from SelectingSuper assessment

STAFF WRITER  |  THURSDAY, 13 JUN 2013
SelectingSuper has withdrawn its quality assessment for StatewideSuper. The fund was previously assessed as AAA.

NZ Super takes stand on nuclear weapons

MARK SMITH  |  TUESDAY, 11 JUN 2013
The New Zealand Superannuation Fund (New Zealand Super) has sold its holdings in a group of nuclear base operators because they have become involved with upgrading or modifying nuclear explosive devices.