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Superannuation

Govt could handcuff SMSFs

MARK SMITH  |  WEDNESDAY, 8 MAY 2013
The government may have to force self-managed super fund (SMSF) members to undertake mandatory advice or outsource their investment strategy back to professionals to cover off a risk of it facing unexpected pension liabilities.

La Trobe Financial announces CIO and COO of the Year

JAMES FERNYHOUGH  |  WEDNESDAY, 8 MAY 2013
La Trobe Financial has named the winners of its annual CIO/COO awards at a presentation on the 89th floor of Melbourne's Eureka Tower.

Treasury releases draft EM for super changes

ALEX DUNNIN  |  TUESDAY, 7 MAY 2013
Treasury has released a draft explanatory memorandum describing how the increased contribution cap limits will operate, but illustrating their rush to get it passed into legislation as quickly as possible, public comments must be received by Monday 13 ...

Super fund returns fall to 10.8%

ALEX DUNNIN  |  MONDAY, 6 MAY 2013
The recovery in super fund returns had a slight hiccup in March 2013 as the SelectingSuper Workplace rolling 12 month default option index fell slightly to 10.8%.

CareSuper releases direct investment option

LAURA MILLAN  |  FRIDAY, 3 MAY 2013
CareSuper has issued a direct investment option within the fund as a response to the member's demand for more control over their investments.

No decision yet on QIC sale

ALEX DUNNIN  |  THURSDAY, 2 MAY 2013
The government Queensland Commission of Audit Report recommendation that the Queensland Investment Corporation (QIC) be privatised puts the spotlight on the significant funds management businesses that several state governments are now running.

MySuper draft regs released for consultation

ALEX DUNNIN  |  WEDNESDAY, 1 MAY 2013
MySuper product providers will be required to disclose investment risk and the dollar value of fees and their investment performance under proposed regulations released by the government.

ASFA warns govt against Super raid

MARK SMITH  |  TUESDAY, 30 APR 2013
The Association of Superannuation Funds of Australia (ASFA) has warned the government that any plans to raid superannuation would have a grave effect on public confidence.

Opposition and VOFF criticise response to Trio report

LAURA MILLAN  |  MONDAY, 29 APR 2013
The opposition and the Victims of Financial Fraud (VOFF) have criticised the government's response to the reports by the Parliamentary Joint Committee and Richard St. John on the collapse of Trio Capital.

REI and Club Plus get MySuper green light

MARK SMITH  |  WEDNESDAY, 24 APR 2013
REI Super and Club Plus Super have become the latest funds to get approval from the Australian Prudential Regulation Authority (APRA) for their MySuper offerings.