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Superannuation

CFS first retail fund to win MySuper approval

MARK SMITH  |  MONDAY, 22 APR 2013
Colonial First State (CFS) has become the first retail fund to win Australian Prudential Regulation Authority (APRA) approval for its MySuper offering, the company announced today.

Industry under-prepared for SuperStream: Bravura

MARK SMITH  |  MONDAY, 22 APR 2013
The financial services industry's back-office technology systems are woefully under-prepared for the government's SuperStream reforms, according to Bravura global head of investment product Darren Stevens.

State Super FS appoints Mercer new asset consultant

LAURA MILLAN  |  MONDAY, 22 APR 2013
State Super Financial Services (SSFS) has appointed Mercer as their new asset consultant.

Abbott super cut to affect low income Australians: Shorten

LAURA MILLAN  |  MONDAY, 22 APR 2013
Around one in three working Australians will be denied up to $500 each year under opposition leader Tony Abbott's plan to cut the Low Income Superannuation Contribution (LISC), minister for Financial Services and Superannuation Bill Shorten said.

Govt starts super reforms campaign

ALEX DUNNIN  |  FRIDAY, 19 APR 2013
The federal government has rolled out a public education campaign explaining superannuation reforms, starting with a website and street billboards.

IPA and SPAA sign SMSF collaboration agreement

STAFF WRITER  |  FRIDAY, 19 APR 2013
The Institute of Public Accountants (IPA) and the SMSF Professionals Association (SPAA) have reached an agreement to collaborate as a bridge between the public accountancy and SMSF sectors.

One third of SMSF advice is poor: ASIC

ALEX DUNNIN  |  THURSDAY, 18 APR 2013
An ASIC report examining the quality of financial advice received by self managed super fund (SMSF) trustees and potential trustees has found that while most advice quality is adequate, there is a trend towards recommending SMSFs as the default solution.

Deferred annuity tax reforms safeguard retirees

MARK SMITH  |  THURSDAY, 18 APR 2013
Reforms to the tax treatment of deferred lifetime annuity (DLA) products has added greater security for Australian retirees, according to Towers Watson.

First Super gets MySuper green light

LAURA MILLAN  |  WEDNESDAY, 17 APR 2013
Industry fund First Super has received its MySuper authorisation from the Australian Prudential Regulation Authority (APRA).

Use super to help pay health costs: CEDA

ALEX DUNNIN  |  WEDNESDAY, 17 APR 2013
Superannuation contributions should be used to help pay spiralling health care costs, the Committee for the Economic Development of Australia (CEDA) said in a recent report.