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Superannuation

Doubt over CGT relief delaying fund mergers

RACHEL DAVIS  |  MONDAY, 21 NOV 2011
Uncertainty over whether the Government will grant Capital Gains Tax relief for merging super funds is hampering consolidation across the super industry, according to the Australian Institute of Superannuation Trustees.

MySuper rings alarm for Corporate Super

CLAIRE MCGREAL  |  MONDAY, 21 NOV 2011
Corporate superannuation advisers have voiced their concerns over MySuper measures, claiming they would ultimately deter corporate fund members from engaging with their retirement savings.

APRA urges trustees to adhere to industry standards

CLAIRE MCGREAL  |  WEDNESDAY, 16 NOV 2011
The Australian Prudential Regulatory Authority is calling on superannuation fund trustees to ensure the outsourced marketers and product designers of their funds are adhering to industry standards and that the trustees at all times are ultimately responsible.

LGS first fund to sign iqBoard solution

ELISE BURGESS  |  TUESDAY, 15 NOV 2011
Local Government Super's governance now operates in the Cloud after moving to the iPad and signing with newly-launched trustee office solution, iqBoard, from The IQ Business Group's iqCloud.

ASFA: Retirement costs on the rise

RACHEL DAVIS  |  TUESDAY, 15 NOV 2011
A couple looking to achieve a comfortable retirement will need to spend $55,316 a year, while those seeking a 'modest' retirement lifestyle need to spend $31,767 a year, according to new figures released today for the ASFA Retirement Standard.

Australia's retirement system the most sustainable in the world

RACHEL DAVIS  |  MONDAY, 14 NOV 2011
Australia has been ranked as having the best prepared retirement savings system followed by Sweden, Denmark, New Zealand and the Netherlands, according to Allianz Global Investors.

Independent directors not the silver bullet answer, super fund chairs

CLAIRE MCGREAL  |  FRIDAY, 11 NOV 2011
Four senior fund chairs were quizzed on various aspects of fund governance during this week's ASFA conference, which included the independence of directors and whether a time limit should be placed on a board member's tenure.

Shorten rallies the troop to vote in favour of SG hike

CLAIRE MCGREAL  |  FRIDAY, 11 NOV 2011
Financial services minister Bill Shorten has praised all sectors of the superannuation industry for their willingness to "negotiate and compromise" on reform, despite their traditional differences.

Constructing a fund governance roadmap

CLAIRE MCGREAL  |  THURSDAY, 10 NOV 2011
Proper management of conflicts of interest and conflicts of duty are key elements of a high standard fund governance roadmap, delegates at the 2011 ASFA conference were told.

ASFA: Focus on the positives

CLAIRE MCGREAL  |  THURSDAY, 10 NOV 2011
This year's ASFA conference in Brisbane opened in high spirits, despite the last minute cancellation of one of the key note speakers, Dr. Jose-Ramos Horta.