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
Super for housing 'economically reckless': SMC
The Super Members Council (SMC) has warned that encouraging young Australians to use their superannuation for a house deposit could dramatically drive-up house prices and deplete their retirement savings.
AustralianSuper announces insurance changes
The super fund alerted members this month that a new age-based insurance cover scale will be introduced.
ART reduces admin fees for high balance accounts
Australian Retirement Trust is reducing the maximum balance its percentage administration fee is charged on.
Qantas Super boosts ag assets by $200m
Qantas Super has injected $200 million in an agriculture investor that has a $1.1 billion portfolio of farmland across the nation.
Cover Story
The super, super fund
DEANNE STEWART
CHIEF EXECUTIVE OFFICER
AWARE SUPER
CHIEF EXECUTIVE OFFICER
AWARE SUPER
Aware Super has marked its expansion into Europe with the grand opening of its London office.
Expert Feed
Evolving TPD to better support superannuation members
Total and Permanent Disability (TPD) insurance in super provides an important financial safety net for those who need to claim. But there's a significant ...
Retirement income: what can super funds learn from advisors?
The industry's focus on delivering Australians income for a dignified retirement is heartening. Treasury is presently garnering feedback on the opportunities ...
Insights from APRA's 2022/23 superannuation bulletin
You have probably seen the headlines-$3.6 trillion total assets under management on 30 June 2023, which represents 140% of GDP. It was only 12 years ago ...
Transfer balance cap from 1 July - advice implications for clients
Last week (31 January) the Australian Bureau of Statistics (ABS) released the Consumer Price Index (CPI) for the December 2023 quarter confirming the ...
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.