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Superannuation

Plug the $1 trillion savings shortfall: FSC

BEN COLLINS  |  TUESDAY, 4 SEP 2012
New research has prompted the Financial Services Council (FSC) to call for longer working lives, to plug a massive retirement savings hole caused by people outliving life expectancies.

The Trust Company grows superannuation team

MELANIE TIMBRELL  |  FRIDAY, 31 AUG 2012
The Trust Company has created the new role of head of retirement services, appointing eo Financial Services' chief operating officer Maureen Daley to the role.

J.P. Morgan launches risk measure tool

BEN COLLINS  |  THURSDAY, 30 AUG 2012
J.P. Morgan Worldwide Securities Services (WSS) has launched a risk analysis product designed for Australian superannuation funds working to comply with guidance on the disclosure of investment risk, in the new Shorter Product Disclosure Statements.

Remove insurance from super: Cassidy

MELANIE TIMBRELL  |  WEDNESDAY, 29 AUG 2012
Tasplan chief Neil Cassidy says insurance should be removed from superannuation and a national scheme put in place instead.

FSC, ASFA endorse APRA's risk measure stance

MELANIE TIMBRELL  |  WEDNESDAY, 29 AUG 2012
The Financial Services Council and the Association of Superannuation Funds of Australia have restated their support for the implementation of the standard risk measure (SRM) in shortened product disclosure statements.

SmartBeta solution tackles passive MySuper index approach: AXA IM

BEN COLLINS  |  WEDNESDAY, 29 AUG 2012
AXA Investment Managers (AXA IM) has released a series of corporate bond strategies intended to help super funds address MySuper requirements.

APRAs' best intentions misleading: Super industry

BEN COLLINS  |  TUESDAY, 28 AUG 2012
Superannuation members could be scared off growth assets by APRA's communication of investment risk, said three industry organisations.

FSC super governance policy forces independence

BEN COLLINS  |  MONDAY, 27 AUG 2012
A majority of directors on superannuation trustee boards must be independent, under draft superannuation governance policy released by the Financial Services Council (FSC) this morning.

Super contributions highest since GFC

BEN COLLINS  |  FRIDAY, 24 AUG 2012
Contributions to APRA regulated superannuation funds during the last financial year were at the highest level since the global financial crisis, said the Financial Services Council.

Separate wealth from income strategy: Merton

MELANIE TIMBRELL  |  FRIDAY, 24 AUG 2012
Thinking about a wealth goal for members isn't remotely the same as a member-specific income goal and strategy - which should be the next generation solution for securing retirement income.