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Superannuation

Equipsuper pulls plug on Vision merger

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
The board of Equipsuper has voted unanimously to withdraw from its planned merger with Vision Super.

Government responds to proxy vote concerns

BEN COLLINS  |  FRIDAY, 25 MAY 2012
The Government has responded to stakeholder concerns regarding undirected proxy votes cast by the chair on executive remuneration resolutions.

APRA empowered to chase rogue superfund directors

BEN COLLINS  |  THURSDAY, 24 MAY 2012
The Lower House of Parliament has passed legislation that will give the Australian Prudential Regulation Authority greater powers to pursue "rogue superfund directors".

SPAA: Last resort compensation scheme needed

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
There is a convincing argument for the establishment of a last resort compensation scheme, according to Self-Managed Super Fund Professionals' Association of Australia chief executive, Andrea Slattery.

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 ...