Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

Shorten demands clarity of stance on SG rise

MELANIE TIMBRELL  |  MONDAY, 26 MAR 2012
Minister for Financial Services Bill Shorten has hit back at the opposition leader's comments on the superannuation guarantee increase, asking for a clarification of position.

Funds remain unconvinced on lifecycle MySuper product

MELANIE TIMBRELL  |  THURSDAY, 22 MAR 2012
Chief executive officers in the not-for-profit super sector remain unconvinced a lifecycle product will offer the best outcome for members, according to a recent poll by the Australian Institute of Superannuation Trustees.

PJC releases MySuper report

CLAIRE MCGREAL  |  WEDNESDAY, 21 MAR 2012
The PJC is recommending the government redraft the MySuper Bill to clarify the clause relating to large employers and the provision of tailored MySuper products.

Benchmarks allow funds to abdicate responsibility: Future Fund

MELANIE TIMBRELL  |  WEDNESDAY, 21 MAR 2012
Peer group measures are liable to lead funds to perverse decisions on asset allocation rather than an appropriate assessment of risk, the Future Fund's chief investment officer has warned a superannuation gathering.

ASFA, FSC applaud passing of SG rise

CLAIRE MCGREAL  |  TUESDAY, 20 MAR 2012
Super industry bodies have heralded last night's passing of the mining tax legislation, which paves the way for the gradual SG rise to 12 %, as an "historic" day for Australians.

FIRST Super invites Tony Abbott to board meeting

CLAIRE MCGREAL  |  TUESDAY, 20 MAR 2012
Industry fund FIRST Super has extended an olive branch to Tony Abbott, inviting the Opposition leader to their next board meeting.

Calls for super industry to up focus on beta

MELANIE TIMBRELL  |  TUESDAY, 20 MAR 2012
The super industry needs to look long term to correct a fundamental misalignment in the way funds are evaluated, according to Cbus.

FSC urges Senate to vote for SG rise

CLAIRE MCGREAL  |  MONDAY, 19 MAR 2012
The Financial Services Council is urging Senators to pass legislation to increase the superannuation guarantee, tabled for today, saying Australians would benefit to the tune of $184bn as a result.

Super funds should refocus on fixed interest

ELISE BURGESS  |  MONDAY, 19 MAR 2012
Superannuation funds need to readjust their view of fixed interest to see its potential as a pre-retirement asset class and its complexities.

Unions, AIST hit back at Abbott comments

ELISE BURGESS  |  THURSDAY, 15 MAR 2012
Unions and super associations have responded to comments from Opposition leader Tony Abbott who blasted union involvement in industry super funds.