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Superannuation

CPSA brands super centre wasteful

MARK SMITH  |  TUESDAY, 23 OCT 2012
Government plans to deploy the interest from a $10 million fund earmarked for a Superannuation Consumer Centre won't get close to adequately protecting the interests of consumers, according to the Combined Pensioners & Superannuants Association (CPSA).

Next-gen platforms cater for wealth management renaissance

ALEX DUNNIN  |  MONDAY, 22 OCT 2012
Rapidly evolving technology and how investors interact with it, accompanied by changing client expectations and regulatory reform is pushing platform developers to fundamentally review their offerings.

Core Data: Super members crave quality dialogue

LINDA HAUSKEN  |  FRIDAY, 19 OCT 2012
Over half of superannuation industry's members are currently disengaged, with many claiming that better quality communication from their fund would help foster a closer relationship, according to new Core Data research.

Self managed super a furfie

ALEX DUNNIN  |  FRIDAY, 19 OCT 2012
While the rush to SMSFs is 'pennies from heaven' for administration solution providers, the bigger opportunity is building platforms to help members make better investment decisions and monitor their performance.

AFA: Productivity Commission caves in to Shorten's pressure

LINDA HAUSKEN  |  FRIDAY, 19 OCT 2012
The Productivity Commission has succumbed to Shorten's pressure and let all Australian workers down, according to the Association of Financial Advisers (AFA).

NZ Super fund breaks $20bn

MARK SMITH  |  THURSDAY, 18 OCT 2012
The New Zealand Superannuation fund breached the $20 billion mark setting an end-of-month record for September.

Future Fund tarred by its tobacco stocks

ALEX DUNNIN  |  THURSDAY, 18 OCT 2012
An otherwise robust performance by the Future Fund was undermined this week when its senior executives were forced to justify their tobacco investments before a Senate Committee.

Super cap breaches tumble

LINDA HAUSKEN  |  WEDNESDAY, 17 OCT 2012
The Australian Tax Office's (ATO) latest report on cap breaches shows the number of people who exceeded the concessional contribution cap has dropped by 37% in the last 12 months.

PC hands down final default super report

ALEX DUNNIN  |  MONDAY, 15 OCT 2012
The Productivity Commission has handed down its report into default superannuation arrangements, coming down largely in favour of the status quo but supplemented with improvements to the selection process and competition between funds.

We'll hunt down commission 'work around': FSA

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
The UK financial services regulator has warned wealth groups to not try to get around the commissions ban with 'work around' fixes.