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Superannuation

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.

Bigger super funds may not be cheaper for members

ALISON BEVEGE  |  TUESDAY, 19 JUL 2011
An industry super fund head has said the idea that bigger super funds are cheaper for members is unfounded.

Super fund director taken to court for fees

ALISON BEVEGE  |  MONDAY, 18 JUL 2011
An industry superannuation fund director and union boss is being taken to court for the board fees he earned, by another state secretary of his union.

ASFA: carbon tax implications on super rebates

ELISE BURGESS  |  MONDAY, 18 JUL 2011
The Government's raising of low income earners tax-free threshold as part of the carbon tax has super association support, but questions have been raised in a consultation paper from the Association of Superannuation Funds of Australia (ASFA)

ESG failings impacting super investments

ELISE BURGESS  |  FRIDAY, 15 JUL 2011
Lagging company responsibility for environmental, social and governance (ESG) disclosure is not being taken seriously enough, said the Australian Council of Superannuation Investors (ACSI), and super funds are noticing.

Super funds talk debt ructions and increasing pensions

ALISON BEVEGE  |  FRIDAY, 15 JUL 2011
Global sovereign debt woes and retired member numbers were hot topics for superannuation fund chief investment officers at the 17th Annual Rainmaker Sales and Marketing Symposium yesterday.

Govt invites input on move to halve tax on savings

ALISON BEVEGE  |  THURSDAY, 14 JUL 2011
Financial advisers, superannuation funds and funds managers have the chance to comment on the Federal Government proposal to halve taxes on interest income.