The other 99 per centBY ALEX DUNNIN | WEDNESDAY, 20 NOV 2013 8:51AMThe frenzy around super funds setting up member direct options will be a good thing if it results in improved services across the board, upgraded online account access systems ... 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
AMP launches superannuation feature to boost retirement income
AMP has launched AMP Super Lifetime; a superannuation feature it claims could lift members' retirement incomes by over $100,000 in the first decade post-work.
Iress completes sale of super business
Iress has today completed the sale of its superannuation business to Apex Group.
UK treasury provides guidance on local pension consolidation
The Pension Investment Review aims to consolidate smaller public pension and multi-employer defined contribution pension schemes into 'megafunds' to emulate Australian and Canadian investing models.
Quality over quantity: CareSuper on mergers
The dust has barely settled on the merger that created CareSuper as it is today and chief executive Jason Murray is gearing up for another in mere months - but he's not looking to make a habit of it.
Further Reading
Cover Story

Climbing to the top
DANIEL SHRIMSKI
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
Vanguard Australia managing director Daniel Shrimski is determined to propel the investment giant's superannuation product into the top 10 funds by assets under management by 2030. It's an audacious goal, even for a fund backed by the world's second largest asset manager. Andrew McKean writes.
The recently announced Sons of Wallis - Financial Services Inquiry needs to address the most important strategic governance threat of ALL super funds right across the board to the systemic response by government to stem the "Superannuation Accumulation - deferred CG tax revenue leakage" when a member moves from "Super Accumulation" to the "Super Retirement Income" phases which currently amounts to hundreds of billion dollars. A simple solution would be a total segregation of the two phases in asset holdings for tax accounting purposes at the Super Fund level and that the assets backing the Super Retirement Income paying phase commences with a NIL (Deferred) CGT liability. The deferred CGT liability is brought to book and collected at the transfer from Accumulation to Retirement Income point.