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Superannuation

Government scraps proposed SMSF transfer changes

MARK SMITH  |  FRIDAY, 31 MAY 2013
The federal government has scrapped proposed amendments to the Taxation and Superannuation Laws (2013 Measures No. 1) Bill 2013 banning self-managed super funds (SMSF) from carrying out off-market transfers of listed securities.

NZ Super Fund inks US$275m UK mandate deal

ALICE URIBE  |  FRIDAY, 31 MAY 2013
The New Zealand Superannuation Fund (NZ Super Fund) has made its second investment in natural catastrophe reinsurance, appointing London-based Leadenhall Capital Partners to manage a US$275 million mandate.

Shorten slams opposition's 'freeze-frame' super plans

MARK SMITH  |  THURSDAY, 30 MAY 2013
Financial Services and Superannuation Minister Bill Shorten has used the passing of the Tax and Superannuation Laws Amendment (2013 Measures No 1) Bill 2013 into the House of Representatives to slam the Opposition's plans to delay an increase in compulsory ...

Government to update More Super calculator

JAMES FERNYHOUGH  |  WEDNESDAY, 29 MAY 2013
The federal government plans to update the More Super calculator to take into account increases to the Super Guarantee (SG) which will come into place on 1 July.

ATO reveals dip in number of new SMSFs

JAMES FERNYHOUGH  |  TUESDAY, 28 MAY 2013
The growth of self-managed superannuation funds (SMSF) slowed significantly in the first quarter of 2013, according to figures released by the Australian Tax Office (ATO).

Retirement platforms to become the new battleground

JAMES FERNYHOUGH  |  MONDAY, 27 MAY 2013
Retirement is set to become the biggest segment of the platform market, according to Rainmaker's latest set of superannuation funds under management (FUM) projections for 2012 to 2033.

Super funds need low volatility shares for pension portfolios

MARK SMITH  |  MONDAY, 27 MAY 2013
Superannuation members in the post-retirement phase should have exposure to lower volatility, income paying stocks, according to Investors Mutual investment director Anton Tagliaferro.

Liquidity concerns push CSC to change target allocation

ALEX DUNNIN  |  MONDAY, 27 MAY 2013
Commonwealth Super Corporation (CSC), trustee for the Public Sector Super Scheme, has made changes to its default option in response to the Stronger Super reforms that require improved operational risk reserves.

APRA delays collection of super reporting form

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
The Australian Prudential Regulation Authority (APRA) has delayed the collection of the Superannuation Reporting Form under the SuperStream reform.

Industry funds lead super growth in March quarter

LAURA MILLAN  |  THURSDAY, 23 MAY 2013
Industry superannuation funds lead the superannuation industry growth during the March quarter, according to the latest quarterly report by the Australian Prudential Regulation Authority (APRA).