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Superannuation

Generations split on what causes sleepless nights

MARK STORY  |  WEDNESDAY, 8 AUG 2012
Research from superannuation fund Sunsuper revealed that the financial nightmares experienced by different generations reflect where they are at within their respective life stages.

Mercer: Stronger Super adds pressure on funds

LINDA HAUSKEN  |  WEDNESDAY, 8 AUG 2012
The compliance and cost burden created by Stronger Super reforms will put unprecedented pressure on the Australian corporate super fund industry, according to Mercer.

Legal challenges face default super inquiry

MELANIE TIMBRELL  |  WEDNESDAY, 8 AUG 2012
The changing role of Government in recommending default super funds in modern awards could lead to worker legal action against the Commonwealth.

Insurance cover launched for SMSFs

LINDA HAUSKEN  |  WEDNESDAY, 8 AUG 2012
Self-managed superannuation fund provider, Self Super Insurance has launched insurance cover products for art and collectable assets designed specifically for SMSFs.

40% of super funds gone by 2020:CoreData

BEN COLLINS  |  TUESDAY, 7 AUG 2012
The number of funds in the Australian superannuation industry is expected to shrink by up to 40% by 2020, and the "Sweet spot" for funds is $10-$15bn in assets under management, said a CoreData whitepaper.

CGT relief for super funds backdated

LINDA HAUSKEN  |  MONDAY, 6 AUG 2012
Financial Services and Superannuation Minister, Bill Shorten, has released exposure draft legislation on income tax relief for merging superannuation funds for public comment.

MySuper outside government scope

BEN COLLINS  |  FRIDAY, 3 AUG 2012
In implementing MySuper, the government is taking on a new role outside its current remit, said Maged Girgis, partner, Minter Ellison Lawyers.

Super asset changes deliver positive return

MELANIE TIMBRELL  |  FRIDAY, 3 AUG 2012
The SelectingSuper workplace default option index rose slightly during June 2012, tipping super funds into positive territory for 2011-12 with an annual return of +0.5%.

Vision for the future

LINDA HAUSKEN  |  THURSDAY, 2 AUG 2012
Financial services minister Bill Shorten said that by 2017, the industry will be unrecognisable, predicting the age of commission-free super and greater convergence of retail and industry super funds.

Retiree living costs match CPI

ALEX DUNNIN  |  THURSDAY, 2 AUG 2012
The Pension Beneficiary Living Costs Index rose 0.5% for the June quarter 2012 and 1% across the last 12 months, matching regular inflation.