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Superannuation

Large super funds 'obstruct' withdrawals

ALISON BEVEGE  |  THURSDAY, 11 AUG 2011
Large superannuation funds have been obstructing the release of members' money to self-managed funds by throwing paperwork hurdles in their way, a seminar heard this morning.

SMSFs could use email for SuperStream

ALISON BEVEGE  |  THURSDAY, 11 AUG 2011
Self-managed superannuation funds are likely to have to comply with SuperStream requirements, but they could use email for data transfer, an industry expert has said.

UniSuper chief wins exec of the year award

MATT WOODINGTON  |  THURSDAY, 11 AUG 2011
UniSuper's Terry McCredden won the Fund Executives Association's superannuation executive of the year award in Melbourne last night.

Super funds complacent on sustainability

ELISE BURGESS  |  THURSDAY, 11 AUG 2011
Super funds are slow on the uptake of sustainability reporting, often relying on analysts and fund managers to do the work, but an economic adviser predicts pressure is building for funds to become accountable.

SMSFs can use tax rule to save thousands conference told

ALISON BEVEGE  |  WEDNESDAY, 10 AUG 2011
A proposed law that would impose taxes on super fund assets following the death of the member could save beneficiaries money if they made full use of anti-detriment tax rules, an industry conference heard yesterday.

Super tribunal needs members to solve disputes

ALISON BEVEGE  |  TUESDAY, 9 AUG 2011
The Superannuation Complaints Tribunal is looking for members to resolve disputes as 13 of the 18 member appointments are set to expire in November.

UniSuper nominates Bloomberg as asset manager

ELISE BURGESS  |  TUESDAY, 9 AUG 2011
UniSuper announced its selection of Bloomberg as partner in its internal management of its Australian equities portfolio with more super funds following suit.

Market plunge exposes system weakness: Cooper

MATT WOODINGTON  |  MONDAY, 8 AUG 2011
Friday's 4% stock market fall, which caused more than $20 billion to be wiped from superannuation account balances, further exposed Australia's over reliance on equities in retirement, said Jeremy Cooper, Challenger's chairman, retirement incomes.

Super funds hit back at anti-carbon tax groups

ELISE BURGESS  |  THURSDAY, 4 AUG 2011
Superannuation funds and fund managers have warned against the advertising campaign against the carbon tax, with concerns it's misleading the public and threatening a shareholder resolution.

Tax rules set for TPD insurance deductibility

ALISON BEVEGE  |  THURSDAY, 4 AUG 2011
Proposed amendments to superannuation tax law will make it easier for self-managed super funds to work out their tax deductions for insurance, an SMSF expert has said.