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Superannuation

Government to table concessional contributions bill

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
The government is expected to introduce legislation to ease penalties on excess concessional contributions into Parliament today.

Shorten maps out government super legacy

ALEX DUNNIN  |  TUESDAY, 18 JUN 2013
Bill Shorten, minister for Superannuation and Financial Services, has used a speech to a Financial Services Council (FSC) dinner at Parliament House in Canberra to assertively defend the government's reform record on superannuation.

Aust(Q) merger with AustralianSuper 'in members' interest'

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

ME Bank wins A3 rating on super fund backing

JAMES FERNYHOUGH  |  TUESDAY, 18 JUN 2013
ME Bank, which was started by industry super funds, has been assigned an A3 rating by Moody's.

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.