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Superannuation

AIST warns MySuper deadline tight

BEN COLLINS  |  FRIDAY, 18 MAY 2012
The Australian Institute of Superannuation Trustees' MySuper third tranche submission has warned that the deadline for the disclosure of comparisons is very tight, urging the Government to move quickly to provide funds with more detail.

AustralianSuper wins landmark IBM mandate

MELANIE TIMBRELL  |  THURSDAY, 17 MAY 2012
AustralianSuper has won Australia's largest corporate super outsourcing mandate to manage the $1.7bn IBM staff fund.

Super funds urged to disclose director and exec pay

BEN COLLINS  |  WEDNESDAY, 16 MAY 2012
The Australian Institute of Superannuation Trustees is calling on its 80 member funds to provide full disclosure of trustee director and executive pay, and not wait for Government regulation.

AMP: Govt rules dent super confidence

BEN COLLINS  |  FRIDAY, 11 MAY 2012
AMP chief executive Craig Dunn has warned about the impact continuous changes can have on consumer sentiment and confidence in the superannuation system.

ASFA: Retirement costs remain steady

LINDA HAUSKEN  |  THURSDAY, 10 MAY 2012
For the second consecutive quarter, costs for retirees have remained steady and are marginally down, according to new figures released by the Association of Superannuation Funds of Australia Retirement Standard.

Budget: Calls for SuperStream levy dialogue

BEN COLLINS  |  WEDNESDAY, 9 MAY 2012
The Federal Government has confirmed that a temporary SuperStream levy will be paid by APRA regulated super funds to cover the costs of implementing the reforms, but industry bodies are calling for greater visibility about how and where the money is ...

SMSFs face fire-sales of illiquid assets

BEN COLLINS  |  TUESDAY, 8 MAY 2012
In the rush to purchase property assets, SMSF trustees may not be considering how these 'lumpy' holdings will be sold after their death, according to an SMSF advice and training provider.

Cbus board moves for greater disclosure

MELANIE TIMBRELL  |  FRIDAY, 4 MAY 2012
Cbus has moved to improve disclosure in this year's annual report, in line with calls from the regulator to change reporting requirements.

APRA releases draft MySuper authorisation form

MELANIE TIMBRELL  |  THURSDAY, 3 MAY 2012
APRA today released a discussion paper for consultation covering arrangements to authorise MySuper products, including a draft application form

Super funds continue to recover

RACHEL DAVIS  |  TUESDAY, 1 MAY 2012
The SelectingSuper workplace default option index has continued its climb back into positive territory posting a return of 1.90% for the 12 months to end March 2012.