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Superannuation

Aust custody and admin sector hits $2 trillion

MARK STORY  |  WEDNESDAY, 13 FEB 2013
Due largely to a reenergised equity markets, total assets under custody for Australian investors grew by 8.7% to $2.03 trillion for the second half of the year to 31 December 2012, according to data released by peak industry body ACSA today.

Interest rate cuts drive SMSFs to FI, property

LAURA MILLAN  |  TUESDAY, 12 FEB 2013
Interest rate cuts in December 2012 drove Self Managed Super Funds (SMSF) trustees from cash holdings to fixed interest and direct property investments, Multiport SMSF Investment Patterns Survey found.

Politicians move 'super' goal posts at their peril

MARK SMITH  |  TUESDAY, 12 FEB 2013
Recent political and Treasury debate about changes to superannuation should not put doubts into people's minds about its attractiveness as an tax structure within which to invest for their retirement, according to Michael Hutton, head of wealth management ...

Link to take control of Russell administration

MARK SMITH  |  TUESDAY, 12 FEB 2013
Pressure on costs and the government's Stronger Super reforms have prompted Russell Investments to 'lift and shift' its superannuation administration operations to Link Group, it was announced yesterday.

QROP advise must improve: AMP

ALEX DUNNIN  |  MONDAY, 11 FEB 2013
While financial planners are regularly asked to advise on overseas pension transfers, considerable care must be taken to ensure a misunderstanding of international rules doesn't result in huge tax penalties.

Super tax concessions not overly generous: Mercer

BEN COLLINS  |  MONDAY, 11 FEB 2013
Against the backdrop of intense political debate, Mercer has released research which it states proves Australians do not receive unfair tax advantages through superannuation.

Policy team reshuffles at ASFA

BEN COLLINS  |  MONDAY, 11 FEB 2013
The Association of Superannuation Funds of Australia has restructured its policy team after the departure last year of policy manager Margaret Stewart.

Victoria Teachers Mutual Bank to launch super fund

MARK SMITH  |  MONDAY, 11 FEB 2013
Victoria Teachers Mutual Bank will launch a low cost superannuation fund for its 86,000 members, it was announced today.

Fewer asset consultants dominate super fund space

MARK SMITH  |  FRIDAY, 8 FEB 2013
The market share of asset consultants advising superannuation funds is being increasingly dominated by fewer participants, forcing super funds to develop internal expertise whether they want to or not, according to research from Rainmaker Information.

$18 billion super tax 'honey-pot' by 2020

BEN COLLINS  |  FRIDAY, 8 FEB 2013
The Federal Government will scoop up $18 billion worth of superannuation taxes by the year 2020, said the Financial Services Council's submission to upcoming Federal Budget.