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Superannuation

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.

Super industry urged to increase transparency: ASFA

JAMES FERNYHOUGH  |  MONDAY, 13 MAY 2013
Pauline Vamos, chief executive of the Association of Superannuation Funds of Australia (ASFA), has urged the superannuation industry to think about its position as a "compulsory business", and how this may affect client perception.

SPAA gives support to Council of Super Custodians

JAMES FERNYHOUGH  |  MONDAY, 13 MAY 2013
The SMSF Professionals' Association of Australia (SPAA) has voiced support for the government's move to set up a Council of Super Custodians.

Rate cuts prompt SMSF cash exodus

MARK SMITH  |  FRIDAY, 10 MAY 2013
A wave self-managed super fund (SMSF) trustees are swaping their cash holdings for fixed interest and direct property investments, according to the latest Multiport SMSF Investment Patterns Survey.

Super sector should influence broader policy: Brogden

LAURA MILLAN  |  FRIDAY, 10 MAY 2013
The superannuation sector should seek to influence public policy as funds become bigger and gain more influence in the economy, Financial Services Council (FSC) chief executive John Brogden said.

No need for more super bureaucracy: Cormann

LAURA MILLAN  |  FRIDAY, 10 MAY 2013
There was no need for more bureaucracy to protect Australian's superannuation savings, shadow minister for Financial Services Mathias Cormann has said in response to the government's announcement of a superannuation charter.

First Super to take action over JPM governance concerns

MARK SMITH  |  FRIDAY, 10 MAY 2013
Australian superannuation fund First Super has expressed strong concerns at 'on-going governance issues' at JP Morgan and has resolved to take action at the annual general meeting.