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Superannuation

Policy war erupts over super clearing

ALEX DUNNIN  |  MONDAY, 20 JUN 2011
A war of words has broken out between the Coalition and the Government over which party offers small business the best method for processing superannuation payments.

AMP wins $113m new mandate

ALISON BEVEGE  |  FRIDAY, 17 JUN 2011
AMP Capital Investors has won a $113 million superannuation mandate from industry fund Energy Industries Superannuation Scheme.

Govt to refund super tax for 3.5 million

ELISE BURGESS  |  THURSDAY, 16 JUN 2011
The Government will refund the 15 per cent superannuation contribution tax from 1 July 2012 for 3.5 million Australians who earn less than $37,000, assistant treasurer and minister for financial services and superannuation, Bill Shorten, announced today.

Super the nation's best money aggregator

ALEX DUNNIN  |  THURSDAY, 16 JUN 2011
Super funds aggregate wealth better than the stock market and it's time the nation harnessed that firepower, said Garry Weaven, chair of Industry Funds Management.

Christian Super urges more transparent investment beliefs

MATT WOODINGTON  |  WEDNESDAY, 15 JUN 2011
Christian Super has put in place a new Investment Belief Statement (IBS), and urged others to follow suit to help avoid a future financial crisis.

Super funds fail green assessment

ELISE BURGESS  |  WEDNESDAY, 15 JUN 2011
Super funds are being accused of not maximising green investment opportunities and avoiding full investment disclosure to members at a time when climate-related risks are a hot issue.

Equipsuper builds intra-fund advice

ELISE BURGESS  |  TUESDAY, 14 JUN 2011
Equipsuper is building on its intra-fund advice model, creating the Member Adviser service where super members can seek limited financial advice and a statement of advice for a one-off fee of $75.

SMSF trustees pile $69.5m in US property

ELISE BURGESS  |  TUESDAY, 14 JUN 2011
Dixon Advisory has raised more than double its target from SMSF trustees in a fund IPO backed by US residential property, including assets in New York

Customers rate SMSFs the best

ALEX DUNNIN  |  FRIDAY, 10 JUN 2011
The latest Superannuation Satisfaction report from consumer researcher Roy Morgan has found that 75 per cent of SMSF customers are satisfied with their fund returns, compared to just 52 per cent for industry fund customers and 47 per cent for retail ...

Excess contributions penalties soar to $400m

MATT WOODINGTON  |  FRIDAY, 10 JUN 2011
The Australian Tax Office has now raised $400m through tax penalties on excess super contributions made between 2006 and 2010 with that figure likely to rise yet further.