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Superannuation

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
Superannuation reforms could leave individual trustees open to litigation, causing a group of representative bodies to write to the Federal Government to voice their concerns.

Dwyer named fund exec of year

MELANIE TIMBRELL  |  THURSDAY, 9 AUG 2012
First State Super chief executive Michael Dwyer AM has been named Fund Executive of the Year by the Fund Executive Association Limited (FEAL) in partnership with AMP Capital.

Polarisation of super dubbed "shocking" by UK manager

MELANIE TIMBRELL  |  THURSDAY, 9 AUG 2012
The extent of polarisation within the Australian superannuation industry is "shocking," according to a UK-based manager.

Super to eclipse banks as primary lender: Cooper

MARK STORY  |  WEDNESDAY, 8 AUG 2012
Superannuation funds may have more money to lend than banks in under a decade, and could play a larger role in corporate lending than the corporate bond market, said Jeremy Cooper, architect of the government's Cooper Review.

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.