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Superannuation

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.

Big data 'big headache' for super: J.P Morgan

MARK STORY  |  FRIDAY, 12 OCT 2012
Understanding the likely impact of "big data" is rapidly becoming a key differentiator for Australian super funds and other large financial institutions vying for customers, according to J.P Morgan.

$1bn unpaid contributions returned

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
The Industry Funds Credit Control has just passed the $1 billion threshold for how much unpaid super it has passed back to industry fund members.

REST Super to invest in transport infra

LINDA HAUSKEN  |  THURSDAY, 11 OCT 2012
REST Industry Super and Cintra Infrastructures, have entered into an agreement to selectively invest and operate toll-road projects in Australia.

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
The prudential regulator announced today that it has released for public consultation its draft guidance for the transfer of funds under the MySuper legislation.

Labor's $30bn secret super tax plan revealed

LINDA HAUSKEN  |  WEDNESDAY, 10 OCT 2012
Shadow Assistant Treasurer Mathias Cormann is calling on Superannuation Minister Bill Shorten to come clean to Australians that they have to pay $30 billion in increased super taxes to assist the Labor government to pay for its $120 billion budget black ...

Members lack info on fees

BEN COLLINS  |  WEDNESDAY, 10 OCT 2012
Superannuation fees are still one of the largest information gaps for members of Australian funds, according to a recent survey.