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Superannuation

Cbus chair Steve Bracks to resign

ALICE URIBE  |  FRIDAY, 17 MAY 2013
Cbus chair Steve Bracks will resign as chair of the Cbus board to accept a federal government position as Australian Consulate-General in New York.

MySuper a challenge to fund differentiation: AusSuper

LAURA MILLAN  |  FRIDAY, 17 MAY 2013
While MySuper will provide Australians with a single low-cost balanced option with common features across funds, it has challenged marketers who must consider ways to differentiate their funds.

ATO release another SMSF self help guide

ALEX DUNNIN  |  FRIDAY, 17 MAY 2013
Reflecting the rise and rise of self directed self-managed superannuation fund (SMSF) investors, the Australian Taxation Office (ATO) has issued a publication aimed at explaining to SMSF trustees the rules around how they can pay benefits from their ...

Coalition super plan to harm retirees, low income earners

ALICE URIBE  |  FRIDAY, 17 MAY 2013
The Coalition's announcement that they would delay the Superannuation Guarantee (SG) increase would see millions of Australians move into retirement with inadequate savings according to the Australian Institute of Superannuation Trustees (AIST).

Coalition will delay SG rise, abolish LICS

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
Opposition leader Tony Abbott has delivered his budget reply speech, announcing delays or suspension of superannuation intitiatives that were meant to be funded from taxes that a Coalition government intends repealing should it win office.

Retirement objective is income not performance

ALEX DUNNIN  |  THURSDAY, 16 MAY 2013
Providing retirement income solutions for super fund members requires funds to be clear about their goals.

Tax lump sums to beat longevity crisis: ASFA

MARK SMITH  |  THURSDAY, 16 MAY 2013
Imposing higher taxes on taking lump sums from superannuation will encourage members approaching retirement to opt for income streams, the Association of Superannuation Funds of Australia (ASFA) has said in a new whitepaper.

SMSF growth slows on low super system confidence

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
A lack of confidence in the superannuation system is slowing the growth of the self-managed super fund (SMSF) market, according to Jordan George, technical development and policy manager at the SMSF Professionals' Association of Australia (SPAA).

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Superannuation industry bodies have responded positively to last night's federal budget, generally agreeing that there were no major surprises.

Niche mergers have their benefits

JAMES FERNYHOUGH  |  TUESDAY, 14 MAY 2013
Niche industry super fund mergers may have gotten some bad publicity, but they needn't be all bad according to NGS Super chief executive Anthony Rodwell-Ball.