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Superannuation

No role for FWA in choosing default funds: CSSA

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
The Corporate Super Specialist Alliance has endorsed option 4 of the Productivity Commission's default super fund inquiry, namely that an independent expert panel and not Fair Work Australia should make default fund listing decisions.

AusSuper introduces new member risk framework

MELANIE TIMBRELL  |  WEDNESDAY, 1 AUG 2012
AustralianSuper has changed the way risk is described in investment options in an effort to help members make clearer choices based on their individual time frames.

MySuper to commoditise super

ALEX DUNNIN  |  WEDNESDAY, 1 AUG 2012
MySuper will commoditise the superannuation industry, said Rice Warner Actuaries in their latest fee report that was commissioned by the Financial Services Council.

Heritage Bank launches online RSA

ALEX DUNNIN  |  WEDNESDAY, 1 AUG 2012
Heritage Bank has launched an online-only Retirement Savings Account (RSA), known as Secure Super Account.

CUA launches low cost super funds

ALEX DUNNIN  |  WEDNESDAY, 1 AUG 2012
Credit Union Australia (CUA) has finally entered the superannuation fray and launched two low cost products in partnership with MAP Funds Management.

Default fund listings unnecessary: FSC

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
The FSC has told a Productivity Commission hearing that the continuation of default fund listings in awards is not necessary following the introduction of MySuper.

AGEST bungles returns

BEN COLLINS  |  WEDNESDAY, 25 JUL 2012
AGEST Super has written to some members advising them that they have either been under or over paid - after custodian BNP Paribas miscalculated returns.

Gen Y leans away from SMSF cash holdings

MELANIE TIMBRELL  |  TUESDAY, 24 JUL 2012
Generation Y has been the most active in terms of changing their SMSF asset allocations in the past 12 months, favouring a higher portion of their portfolio in equities with lower cash balances.

ING Direct prepares for retail super foray

MELANIE TIMBRELL  |  TUESDAY, 24 JUL 2012
Online bank ING Direct is lining up to enter Australia's $374bn retail superannuation market with plans for the Q3 launch of a retirement savings product.

NGS Super moves into Qld, WA

BEN COLLINS  |  TUESDAY, 24 JUL 2012
NGS Super will increase its presence in Queensland and Western Australia, with two new business development managers hired to help drive the expansion.