super funds

Policy & Regulation

Super funds want death and TPD tax equivalence

Super funds want the Government to grant death and TPD cover within super, the same tax treatment as that enjoyed by insurance sold outside of super....

Superannuation

Super funds should prove efficiency

One of Australia’s smaller industry superannuation funds has questioned the benefits of mergers and scale and argued that funds should prove their efficiency....

Superannuation

That seat in the corporate box may be illegal

ASIC has pointed out that super funds which offer employers seats in their corporate boxes at major sporting events may be guilty of providing an illegal inducement. ...

Superannuation

Longevity risk no longer the main issue for super funds

Concerns around maintaining the same lifestyle in retirment were expected to become the most significant issue for superannuation funds, according to Milliman’s study....

Superannuation

Regulators urge action over talk

Both APRA and ASIC have warned of considerable reputational damage to insurers and super funds if they do not turn talk of improvements into actions....

Superannuation

Advice opportunity knocks for super funds

Super funds have a chance to boost their financial advice offering and engage with members who craved increased returns amid unstable financial markets....

Superannuation

Jurisdictional confusion around super fund planners

There are jurisdictional uncertainties about which external dispute resolution bodies should handle complaints involving planners, according to the Australian Institute o...

Superannuation

Have ambitious super funds compromised member data?

APRA has warned superannuation funds that they may have risked compromising sensitive member data by outsourcing bulk e-mails and texts to third party service providers....

Financial planning

Advice and data key to CIPRs

Large super funds that are unable to give face-to-face advice to all members and are designing CIPRs will be challenged, according to Challenger....

Superannuation

Funds need to understand better nature of DLAs

Funds and fund members needed to understand both the benefits and compromises that deferred lifetime annuities (DLAs) offered, Frontier Advisors and Milliman said....

Superannuation

Government should work with super funds to boost infrastructure

The government should work more closely with industry super funds and leverage their scale and long-term investment horizon to boost infrastructure and economic growth, I...

Superannuation

ISA welcomes IPA’s contribution to housing debate

ISA has welcomed Infrastructure Partnerships Australia’s (IPA’s) report into Australia’s social housing system....

Superannuation

Super funds reject FOS model

Superannuation funds put a strong argument to the Government for rejecting the FOS model of external dispute resolution and retaining the Superannuation Complaints Tribun...

Financial planning

Super funds hoodwink members on climate stance

Super funds are failing to effectively engage with companies on climate change as they continue to support executive remuneration incentives based on the expansion of fos...