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Superannuation

SPAA names award winners

MICHAEL HOBBS  |  FRIDAY, 19 FEB 2010
Philip Mason Cox, director at Hayes Knight Financial Planning and Shirley Schaefer, treasurer of SPAA's South Australian state chapter, were recognised at last night's SPAA awards.

KPMG sounds alarm on admin fraud

MICHAEL HOBBS  |  FRIDAY, 19 FEB 2010
Super fund trustees must make sure they have the option to audit their administration provider's performance, at short notice, to minimise the risk of fraud, according to KPMG.

No cane toad approach to SMSF shake-up

MICHAEL HOBBS  |  THURSDAY, 18 FEB 2010
As the countdown begins to the release of the Cooper Review's recommendations on SMSFs, the Review's chair Jeremy Cooper said they won't be adopting a 'cane toad' solution to the industry's flaws.

HOSTPLUS $1bn mandate up for grabs

RUTH LIEW  |  THURSDAY, 18 FEB 2010
HOSTPLUS is looking to hand out $1 billion in investment mandates across all asset classes this year.

More SMSFs comply with ATO rules

MICHAEL HOBBS  |  THURSDAY, 18 FEB 2010
Michael D'Ascenzo, commissioner of taxation at the Australian Tax Office, has commended the self managed super fund (SMSF) industry after the number of SMSF trustees that lodged their returns on time rose 11 per cent on the prior lodgement period.

Limited advice from accountants face hurdles

MICHAEL HOBBS  |  THURSDAY, 18 FEB 2010
Tony D'Aloisio, chair of the Australian Securities and Investments Commission (ASIC), said SPAA's proposal advocating for accountants to be able to provide limited structural advice on superannuation could be impractical.

Western Financial wins Water Corp Super mandate

RUTH LIEW  |  WEDNESDAY, 17 FEB 2010
Water Corporation Superannuation Plan has appointed Western Financial to provide its members with financial advice services.

FuturePlus operations head in shock exit

MICHELLE BALTAZAR  |  MONDAY, 15 FEB 2010
The operations head at FuturePlus, Bob Biancardi, left the firm last Friday amid tensions between its two owners, LGSS and EISS, the two multi-billion dollar government funds currently locked in a power struggle.

AustralianSuper wins $650m Elders mandate

RUTH LIEW  |  MONDAY, 15 FEB 2010
AustralianSuper has won a $650 million and 12,500 member-strong corporate super mandate from Elders - making the transfer one of the largest of its kind in Australian corporate superannuation history.

Women on top of SMSFs

RUTH LIEW  |  FRIDAY, 12 FEB 2010
SMSFs are meeting two of the Government's top goals in super - getting more members to take an active role in their retirement savings and getting more women involved, argue industry experts.