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Superannuation

APRA releases reporting consultation

BEN COLLINS  |  WEDNESDAY, 19 SEP 2012
Reporting requirements for superannuation funds would be changed for the first time since 2004 under proposed revisions released in an APRA consultation paper, which includes 31 draft reporting forms and instructions.

NZ Superannuation completes five new hires

LINDA HAUSKEN  |  WEDNESDAY, 19 SEP 2012
Gavin Walker has been appointed chair of the Guardians of the New Zealand Superannuation, the Crown Entity which manages the $19 billion fund.

Retail MySuper to put NFPs on back foot

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
MySuper will result in a flip in market dynamics, with the retail sector producing the cheapest default products and industry funds forced to a defensive stance on costs, a former Future Fund boss has warned.

VicSuper and Vision Super in merger talks

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
Vision Super has begun talks regarding a potential merger with VicSuper following the collapse in May of its planned merger with Equipsuper.

SuperIQ acquires Smartsuper

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
Self-managed super fund (SMSF) provider SuperIQ has acquired former Perpetual business Smartsuper in the latest wave of consolidation in the space.

Cbus takes lead on trustee disclosure

BEN COLLINS  |  MONDAY, 17 SEP 2012
Representative bodies have welcomed a decision by construction industry fund Cbus to disclose how much it pays trustee directors and senior executives in its annual report, due out later this week.

SMSF collectable insurance poses compliance risks

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Collectable assets held within a self-managed super fund (SMSF) are about to cause compliance problems for trustees failing to procure appropriate insurance, one service provider has warned.

Super fees are falling but only just

ALEX DUNNIN  |  MONDAY, 17 SEP 2012
Fees paid by super fund members are falling but not because fund prices are falling, it's because of the dampening effect of self-managed super funds and higher balance members qualifying for discounts.

Politics around LISC heats up

ALEX DUNNIN  |  MONDAY, 17 SEP 2012
The politics around superannuation tax expenditures looks set to heat up with Superannuation Minister Bill Shorten last week saying he will defend low income tax benefits and The Australia Institute saying the top end of town should be targeted instead.

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Amid speculation that some parts of the super tax system may be called on to fund recent health and education projects, Minister for Financial Services Bill Shorten has declared the rebate for low-income earners safe.