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Superannuation

Super FUM hits $1.4 trillion

ALEX DUNNIN  |  THURSDAY, 23 AUG 2012
Superannuation assets jumped 4% during 2011-12, defying lack lustre returns of 0.5%, to reach $1.4 trillion, according figures just released by the superannuation prudential regulator APRA.

MySuper flipping ban passes lower house

BEN COLLINS  |  THURSDAY, 23 AUG 2012
Tranche one of the Federal Government's MySuper legislation has passed through the House of Representatives, with some last-minute amendments.

SMSF's need life cover education

BEN COLLINS  |  THURSDAY, 23 AUG 2012
Knowledge of life insurance offers is the biggest barrier to self managed super fund members taking it up within their fund, said AIA Australia.

Shorten reins in employer involvement in default super

MELANIE TIMBRELL  |  THURSDAY, 23 AUG 2012
Minister for Financial Services Bill Shorten has been accused of 'gazumping' the Productivity Commission inquiry into default super by moving to head off options that would give employers more choice in fund selection.

Sunsuper expands nationally

MELANIE TIMBRELL  |  WEDNESDAY, 22 AUG 2012
Sunsuper has appointed four new business development managers as part of a push to expand the fund's national footprint.

BNP Paribas IP appoints head of super

LINDA HAUSKEN  |  WEDNESDAY, 22 AUG 2012
BNP Paribas Investment Partners has appointed Angus Carson as head of superannuation and government institutions.

Think big on scale, ORFR: APRA

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
Focus on the underlying objective, and not the minutiae of methodology. That's the message from APRA to super funds on incoming reforms.

APRA tweaks insurance in super

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
APRA will change its stance on insurance in super, allowing registered superannuation entities to seek income protection through general rather than life insurance providers alone.

Lifecycle discussion needs context: Milliman

MELANIE TIMBRELL  |  MONDAY, 20 AUG 2012
The increased discussion of lifecycle products in a MySuper context needs to take into account lessons from overseas failures, including target date funds in the US, according to one consultant.

Untargeted tax subsidies inept

ALEX DUNNIN  |  MONDAY, 20 AUG 2012
New research suggests that the untargeted nature of tax concessions - the mainstay of Australia's universal superannuation system - make them highly inefficient.