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Superannuation

SMSFs carry underlying key person risk: report

MICHAEL HOBBS  |  WEDNESDAY, 4 AUG 2010
A new report has raised concerns about the structure of self managed super funds (SMSF) as trustees potentially become unable to adequately invest and administer their retirement savings as they get older.

AUSCOAL Super chief wins award

MICHELLE BALTAZAR  |  WEDNESDAY, 4 AUG 2010
Bruce Watson, the head of the super fund billed as one of the top 50 employers in Australia, was named the 2010 Fund Executive of the Year for his achievements in superannuation.

US reforms pave way for super investments

RUTH LIEW  |  TUESDAY, 3 AUG 2010
The Dodd-Frank reforms have opened up new private capital investment opportunities for Australian super funds, said David Hartley, chief investment officer of the $15 billion-plus Sunsuper.

Super, homes and savings a happy combo

RUTH LIEW  |  TUESDAY, 3 AUG 2010
Superannuation, bank savings and the family home are some of the key wealth factors linked to greater happiness among Australians, new research shows.

Aon ramps up insurance and pensions

MEDIA RELEASE  |  TUESDAY, 3 AUG 2010
The $1.5 billion Aon Master Trust has improved its insurance cover, boosted its pension capabilities and launched an asset allocation calculator as it builds on its suite of services.

Art lobby wins fight to keep SMSFs art-friendly

SPAA MEDIA STATEMENT  |  MONDAY, 2 AUG 2010
The Federal Government has endorsed the Cooper Review's key MySuper reforms but in a major victory for the art industry and self-managed super fund trustees, it said that it won't adopt the move to ban SMSFs from investing in 'collectables'.

Gen-Y super Individuum shuts down

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
IOOF-owned online super fund for Gen-Yers, Individuum, has been closed down with funds pooled to one of the parent company's superannuation options.

Corrupt city officials face pension freeze

RUTH LIEW  |  MONDAY, 2 AUG 2010
Pension fund CalPERS has used its administrative powers to suspend the pension accounts of city officials, one of whom allegedly earned a 'secret' annual salary of US$800,000.

MySuper gets Government tick

RUTH LIEW  |  MONDAY, 2 AUG 2010
The Gillard Government has approved the MySuper reforms as part of its agenda to boost Australians' retirement incomes.

Industry backs MySuper reforms

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
Superannuation industry associations have welcomed the government's MySuper reforms but one industry body said more should be done to protect and encourage competition within the market.