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Superannuation

Improved governance called for all round

ALISON BEVEGE  |  WEDNESDAY, 27 JUL 2011
Several large superannuation funds last week demanded improved corporate governance in the wake of the News Corporation scandal, but both the Australian Institute of Chartered Accountants and the Australian Institute of Company Directors have said the ...

Super Choice did not change super habits

ALISON BEVEGE  |  WEDNESDAY, 27 JUL 2011
Super Choice legislation enabling consumers to choose their superannuation fund has made little impact on the way Australians choose superannuation, a report has found.

SMSF body moves against super death tax

ALISON BEVEGE  |  TUESDAY, 26 JUL 2011
The financial services community now has the chance to comment on the recent draft tax ruling affecting self-managed super funds that some have called a death tax by stealth.

LGS earns sustainability award

ELISE BURGESS  |  TUESDAY, 26 JUL 2011
Local Government Super has earned its second consecutive Australian Business Award for its work in environmental sustainability, due to its efforts in its direct property portfolio.

Trade union boss pushes for SG raise

ELISE BURGESS  |  MONDAY, 25 JUL 2011
The Australian Council of Trade Unions president, Ged Kearney, has voiced her support for a higher super guarantee and urged women in the super industry to maintain the fight for equal rights and to demand more action from government figures.

Real estate may cause super tax headache

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
Real estate investments within superannuation would cause the biggest issue when pension-phase funds revert to accumulation on the death of the member, a self-managed super fund expert said today.

Super funds drop fees after merger

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
Superannuation funds Cuesuper and NGS Super reduced their fees in what is believed to be the first time a merger has resulted in lower costs for members.

A minute to midnight sees super funds merge

ALISON BEVEGE  |  THURSDAY, 21 JUL 2011
What difference can a midnight minute make to a merger? Do you combine your super funds at 12.01am on July 1? Or 11.59pm on June 30?

Aspen wins Telstra Super deal

MATT WOODINGTON  |  THURSDAY, 21 JUL 2011
Telstra Super has made a debt and equity investment in a joint venture property deal with Aspen Group for the development of the Australian Tax Office building in Adelaide.

Coalition, small business reject super clearing house model

ALISON BEVEGE  |  WEDNESDAY, 20 JUL 2011
A member of the Stronger Super Peak Consultative Group has rejected the Superannuation Clearing House model and has called for employers to be taken out of the superannuation payment process altogether.