Super is Murray's big rockBY ANDREW BRAGG | FRIDAY, 27 NOV 2015 12:01PMProperly calibrating the superannuation system is the most important policy change from the Murray review of the financial system. Super could be sharper, leaner and easier to ... Upgrade your subscription to access this article
Join the growing community of superannuation
professionals with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Spaceship Super ups fees on private credit exposure
|Spaceship Super is increasing its investment fees across its GrowthX, Balanced and Moderate options after adding exposure to unlisted asset classes.
smartMonday ups investment fees, tweaks MySuper structure
|The super fund is transforming its MySuper LifeCycle structure by shrinking nine options into four distinct categories, while increasing its investment fees.
SMC questions SCA's 'mystery caller' report
The Super Members Council (SMC) has raised questions on the research methodology of the recently published Superannuation Call Centre Experience Report by Super Consumers Australia (SCA).
Prime Super, Aware Super explore potential merger
The superannuation funds have signed a non-binding memorandum of understanding (MoU) for a potential successor fund transfer (SFT) to create an approximately $254 billion fund with more than 1.4 million members.
Further Reading
Cover Story
Leading the way
SHARON DAVIS
NON-EXECUTIVE DIRECTOR
FUTURE GROUP AUSTRALIA HOLDINGS PTY LTD
NON-EXECUTIVE DIRECTOR
FUTURE GROUP AUSTRALIA HOLDINGS PTY LTD
Sharon Davis has always been fascinated by the human condition; it has driven her passion for people, her career, and building a better future for the next generation and beyond. Eliza Bavin writes.
Expert Feed
Dot dismissal: Scenario analysis in a regime-changing world
Investors hardly need reminding that macro shocks, both positive and negative, are hitting the global economy with growing frequency and force.
Leading with a more holistic approach to building credit portfolios
In this one-credit era, leadership is no longer about choosing sides. It is about building the tools required to lead across the credit continuum.
Execution efficiency redefines fixed income transitions
Fixed income transition costs are increasingly driven by what happens in credit markets.
The changing face of infrastructure
Without huge investment in essential infrastructure, the world will go backwards - socially, economically, and environmentally.
Superannuation purpose is not about budget positions. It has a defined "Sole Purpose Test" which does not encapsulate budget imperatives.
The problem with the sole purpose test is the ill-defined, discretionary "Ancillary Purpose" provision.
This is what needs nailing down, not some new idea, codification or, otherwise, regulatory imposition to state what is already defined.
Tie up the ancillary purpose loophole and we are there.