Tag: Superannuation

MPs' super boost won't be costly: Foley

August 30, 2010 10:44:00

Kevin Foley says increasing super benefits of new MPs will cost SA only $250,000 per year.[MORE]

Tags: government-and-politics, federal-state-issues, states-and-territories, superannuation, australia, sa, adelaide-5000

Interest rates 'appropriate' as super-saver evolves

August 17, 2010 11:47:00

The RBA says it is comfortable with current interest rates which are driving households to greater saving and less property speculation.[MORE]

Tags: business-economics-and-finance, economic-trends, industry, banking, superannuation, australia

A super scandal

August 5, 2010 16:05:00

Over the past dozen years the returns from superannuation have been woeful, and far lower than has been generally understood.[MORE]

Tags: business-economics-and-finance, economic-trends, community-and-society, government-and-politics, federal-government, superannuation, australia

Bowen defends underperforming super system

August 5, 2010 14:00:00

The Federal Government has responded to ABC revelations that returns from the superannuation system over the past 13 years have averaged just 3 per cent a year.[MORE]

Tags: business-economics-and-finance, government-and-politics, elections, federal-government, superannuation, federal-elections, australia

Retirement savings going backwards

August 4, 2010 18:00:00

Australians' superannuation delivers a return of just 3 per cent a year over 13 years, about 50 per cent less than the return on cash in the bank.[MORE]

Tags: business-economics-and-finance, superannuation, australia

Labor told to forget super, focus on debt

August 1, 2010 22:43:00

The Coalition has questioned the need for the Government's "My Super" reform and says Labor should be more focused on reducing Government debt.[MORE]

Tags: government-and-politics, federal-government, superannuation, gillard-julia, federal-elections, australia

Government says art can remain in self-managed super

August 1, 2010 08:20:00

The Federal Government says it will continue to allow art to be part of self-managed superannuation funds despite a review that proposed it be excluded.[MORE]

Tags: business-economics-and-finance, community-and-society, government-and-politics, elections, superannuation, federal-elections, australia, nt

Gillard makes pledge on low-fee super scheme

August 1, 2010 08:11:00

Julia Gillard says a Labor government would allow workers to choose a low-fee superannuation scheme to help boost their retirement savings.[MORE]

Tags: government-and-politics, federal-government, superannuation, gillard-julia, federal-elections, australia

'Common sense' MySuper will face a fight

July 30, 2010 17:09:00

A member of the Cooper superannuation review says changes need to be implemented despite some industry opposition.[MORE]

Tags: business-economics-and-finance, consumer-finance, superannuation, australia

Planned super changes affecting Aboriginal art

July 27, 2010 15:04:00

Proposed changes to superannuation law are already severely affecting the Indigenous art market, an accountant says. [MORE]

Tags: visual-art, government-and-politics, superannuation, australia, nt, alice-springs-0870, darwin-0800

Virgin to deliver super jobs

July 27, 2010 10:07:00

The UK-based financial giant Virgin Money has selected Wollongong as its base for its expanding superannuation business.[MORE]

Tags: company-news, superannuation, wollongong-2500

Half a generation expect frugal retirement: survey

July 12, 2010 12:24:00

A report has found only one in four baby boomers are confident they have saved enough money for their retirement.[MORE]

Tags: business-economics-and-finance, economic-trends, banking, superannuation, australia

Government not expecting super war

July 6, 2010 11:07:00

The Federal Government says it does not anticipate a stoush with the superannuation industry over the proposed super changes.[MORE]

Tags: business-economics-and-finance, consumer-finance, superannuation, australia

Default super scheme 'encourages apathy'

July 5, 2010 18:21:00

There is some bickering over the model for a new default superannuation scheme recommended by the Cooper Review.[MORE]

Tags: business-economics-and-finance, economic-trends, industry, government-and-politics, federal-government, superannuation, australia

Cooper super review urges sweeping changes

July 5, 2010 13:38:00

An independent review into Australia's trillion dollar superannuation system is urging a range of sweeping reforms.[MORE]

Tags: business-economics-and-finance, consumer-finance, superannuation, australia

Westpac makes family friendly move

June 29, 2010 09:26:00

Westpac says it's breaking new ground by committing to paying superannuation contributions for people taking parental leave.[MORE]

Tags: business-economics-and-finance, superannuation, australia

Art collectors to lose out under super changes

June 21, 2010 15:13:00

Artists say their industry could lose millions of dollars if people managing their own super funds are prohibited from investing in artworks.[MORE]

Tags: arts-and-entertainment, visual-art, painting, business-economics-and-finance, government-and-politics, federal-government, superannuation, australia

Poor records leave billions in unclaimed super

June 18, 2010 08:49:00

The superannuation industry says poor data collection standards have helped swell a growing pot of billions of dollars of unclaimed super funds.[MORE]

Tags: superannuation, australia

Artists fear super ban will destroy local industry

June 16, 2010 11:27:00

Artists are fighting planned changes to superannuation rules that will prevent funds from investing in art.[MORE]

Tags: arts-and-entertainment, visual-art, superannuation, australia, vic

Mining tax super impact 0.6 per cent: funds

June 11, 2010 14:00:00

The superannuation industry is disputing the mining sector's assertion the proposed resources rent tax will hit super returns.[MORE]

Tags: business-economics-and-finance, mining, federal-government, tax, superannuation, australia, qld, wa

Spend the inheritance: reverse mortgages to surge

May 28, 2010 19:00:00

A new report shows the reverse mortgage industry grew 9 per cent last year, mainly to fund retirees' living costs.[MORE]

Tags: business-economics-and-finance, economic-trends, industry, banking, superannuation, australia

Super funds tell miners to end 'political campaign'

May 27, 2010 13:19:00

Superannuation fund managers are coming out in force against Australia's big miners and their campaign against the resource tax changes.[MORE]

Tags: business-economics-and-finance, banking, mining, tax, superannuation, australia, wa

Super slumps in share slide

May 26, 2010 16:00:00

The volatility on global share markets is now biting into superannuation funds.[MORE]

Tags: business-economics-and-finance, consumer-finance, banking, superannuation, australia

Factbox: the new mining tax

May 25, 2010 14:00:00

News Online takes a look at the key arguments for and against the Resource Super Profits Tax.[MORE]

Tags: business-economics-and-finance, corporate-governance, mining, small-business, government-and-politics, the-budget, federal-government, tax, superannuation, australia