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Superannuation

CGT relief paves way for super mergers

MELANIE TIMBRELL  |  TUESDAY, 24 APR 2012
Merging superannuation funds will receive capital gains tax relief in the upcoming Budget, opening the way for the finalisation of a raft of proposed mergers, particularly in the not-for-profit superannuation space.

Industry rejects changes to super tax

MELANIE TIMBRELL  |  MONDAY, 23 APR 2012
Superannuation industry bodies have launched strident opposition to leaks revealing superannuation tax concessions will be impacted by the Government return to surplus.

Speculation grows on super tax breaks

ALEX DUNNIN  |  FRIDAY, 20 APR 2012
Two days after opposition Treasurer Joe Hockey said in a landmark interview that Australia needs to end its cult of welfare entitlement, speculation is rising the government is considering a clampdown on untargeted superannuation tax concessions.

BNP Paribas wins AvSuper mandate on tech

MELANIE TIMBRELL  |  WEDNESDAY, 18 APR 2012
AvSuper has appointed BNP Paribas Securities Services Australia & New Zealand (BNP Paribas) custodian of their $1.25bn investment portfolio.

Report assesses super allocation issues

ELISE BURGESS  |  MONDAY, 16 APR 2012
New Rice Warner research has assessed the current super industry's allocation position, including the issues around equity allocation, concluding that the traditional asset allocation is flawed.

Default super in modern awards justified: Cbus

MELANIE TIMBRELL  |  MONDAY, 16 APR 2012
Knowledge of the industry in which members work, results in better-tailored products and justifies the continued support of default super funds in modern awards, according to Cbus.

ACT super account takes $450m GFC hit

ALEX DUNNIN  |  FRIDAY, 13 APR 2012
Poor returns due to the GFC has resulted in the ACT government's superannuation provision fund suffering a $450 million investment income shortfall over the past five years.

Calls for CGT merger relief

ELISE BURGESS  |  FRIDAY, 13 APR 2012
Lack of clarity around the Government's intention for providing capital gains taxation relief for superannuation mergers is damaging members and limiting MySuper outcomes, according to AustralianSuper and ASFA.

AusSuper public sector division results from merger

MELANIE TIMBRELL  |  FRIDAY, 13 APR 2012
A Public Sector Division of AustralianSuper will cater to AGEST member needs following the merger of the two funds.

Retirement funding needs aged care inclusion

MELANIE TIMBRELL  |  THURSDAY, 12 APR 2012
As budget cuts to public spending loom, wealth providers are warning the cost of aged care needs to be factored into retirement planning.