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Superannuation

SMSFs on track to reach $500bn

ALEX DUNNIN  |  THURSDAY, 21 MAR 2013
The self managed super fund segment is on track to break through $500 billion by June this year, according Deloitte Actuaries and Consultants.

Only 13 MySuper products so far authorised

ALEX DUNNIN  |  THURSDAY, 21 MAR 2013
The 1 July launch date of MySuper is just three months away and only 13 MySuper products have so far been authorised.

Age pension is retirees' main income source

LAURA MILLAN  |  THURSDAY, 21 MAR 2013
The age pension becomes the main source of income for Australians once they retire while their portfolio exposure to equities decreases as time passes.

Super needs to forget about politics

LAURA MILLAN  |  THURSDAY, 21 MAR 2013
Superannuation has to move away from the daily political noise and adopt a long term approach, AustralianSuper CEO Ian Silk said yesterday at the AIST's Conference of Major Super Funds in Brisbane.

Gary Clifford awarded Trustee of the Year at CMSF

LAURA MILLAN  |  THURSDAY, 21 MAR 2013
Gary Clifford, a board member of the Western Australia Fire and Emergency Services Super was awarded Trustee of the Year at the Conference of Major Superannuation Funds (CMSF) that kicked off yesterday in Brisbane.

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
Draft legislation rules for self managed super funds on related party transactions has alarmed industry association SPAA, which claims the provisions are unnecessarily complex and will add compliance costs.

Only 7% of fund members switched options during GFC: study

ALEX DUNNIN  |  TUESDAY, 19 MAR 2013
Super funds build their systems around investment choices yet even in response to the GFC, only a small proportion of fund members changed their investments.

Super members fail to top-up amid 'perfect storm'

MARK SMITH  |  TUESDAY, 19 MAR 2013
As many as two thirds of Australians are failing to make extra superannuation contributions to meet the expected shortfall in retirement funding, a new report commissioned by Club Plus Super shows.

PASF receives MySuper approval

LAURA MILLAN  |  MONDAY, 18 MAR 2013
The Professional Associations Super Fund (PASF) has received a MySuper authorization from the Australian Prudential Regulation Authority (APRA) and will be offering it from July 1 2013.

EM managers eye huge super fund opportunity

MARK SMITH  |  FRIDAY, 15 MAR 2013
Fund managers of all shapes and sizes and from all over the world are vying for institutional mandates in what many see as a perfect window of opportunity in the emerging markets space.