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Superannuation

Central plank of Cooper Review is MySuper

MICHELLE BALTAZAR  |  MONDAY, 5 JUL 2010
Following a year-long study on the efficiency of the superannuation system, the Cooper Review panel recommends the Government introduce a new default fund option for the masses to be called 'MySuper', a simple solution with dramatic consequences.

Mercer wins Media Super mandate

COMPANY RELEASE  |  MONDAY, 5 JUL 2010
The $2.5 billion Media Super has selected Mercer as its outsourced administration and member services provider.

Cooper recommends info dashboard for members

MICHAEL HOBBS  |  MONDAY, 5 JUL 2010
Cooper has advocated super funds create a standardised plain English 'dashboard' for members that allow them to compare the risk of different investment options and find out the fees and costs of each option.

Review reinforces power of fund scale

RUTH LIEW  |  MONDAY, 5 JUL 2010
The importance of fund scale and consolidation were some of the key issues highlighted by the Cooper Review, but some players are skeptical on the need for mega funds.

TFN should be member ID: Cooper

MICHAEL HOBBS  |  MONDAY, 5 JUL 2010
The Cooper Review has recommended tax file numbers (TFNs) become the primary super fund member identifier to improve member processing and make it easier for them to switch funds.

Cooper Review wants bigger role for APRA

ALEX DUNNIN  |  MONDAY, 5 JUL 2010
The Super System Review's recommendation to expand APRA's role among superannuation could be the key to unlocking many of the potential benefits arising from the Review.

Diageo funds deficits with whiskey

RUTH LIEW  |  FRIDAY, 2 JUL 2010
Premium drinks giant, Diageo, has agreed with its corporate scheme trustee to embark on a 10 year funding plan which includes investing in maturing whiskey to tackle its $1.5 billion deficit.

SCT chief Furlan talks tough on benefits

RUTH LIEW  |  THURSDAY, 1 JUL 2010
The head of the Superannuation Complaints Tribunal urges super funds to consider fresh ways to structure insurance within super, as one of the most common source of disputes is the conflict on insurance payouts.

UniSuper boosts insurance

COMPANY RELEASE  |  THURSDAY, 1 JUL 2010
The $25.4 billion UniSuper is improving its optional insurance cover by offering new and existing members more death and disablement cover at no extra cost, among other improvements.

School staff take up super advice: NGS Super

MICHELLE BALTAZAR  |  THURSDAY, 1 JUL 2010
Teachers are practicing what they preach, taking up the free financial advice services offered by NGS Super at an unprecedented rate in the last six months - proof that not everyone's indifferent about their retirement savings.