Australia unveils super reform

clock •

AUSTRALIA - The Australian government has unveiled its plans to reform the superannuation industry, including cuts to management fees and the introduction of the MySuper default fund.

In response to the government-commissioned review of the industry earlier this year (Global Pensions: 05 July 2010), known as the Cooper Review, Assistant Treasurer Bill Shorten said he aimed to re...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Chris Panteli

View profile
More from Chris Panteli

Investing in longevity: Age is an asset class

PGGM close to acquiring majority stake in UPP - reports

More on Australia

Australia

Bill introduced to increase contribution rate to 12%

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

Jenny Cosgrave
clock 02 November 2011 •
Australia

Australian Future Fund returns -2.9% in third quarter

AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.

Jaishree Kalia
clock 28 October 2011 •
Australia

Australian super falls for the fifth month

AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.

Jaishree Kalia
clock 21 October 2011 •
Trustpilot