ASFA

Superannuation

SMSFs less prone to illegal early release

ASFA urges government to change direction on illegal early release on SMSFs, claiming the problem has diminished....

Superannuation

Extension of ATO powers on SMSFs urged

ASFA urges the Government to extend the ATO's ability to use administrative penalties with respect to SMSFs....

Superannuation

First FOFA, now Stronger Super hits implementation issues

Government urged to delay implementation date for SuperStream in face of technical hurdles....

Superannuation

Shorten thinks super guarantee enough on retirement shortfall

Government's Super Roundtable told lifting superannuation guarantee to 12 per cent will significantly reduce retirement incomes shortfall....

Policy & Regulation

ATO urged to treat advice equally

The ATO has been urged to treat the provision of advice within super equally across types of funds....

Superannuation

Call for SuperStream costs to include employers and SMSFs

Major superannuation funds argue that all the beneficiaries of SuperStream should pay for its implementation....

Superannuation

Lack of detail hampering MySuper design

The Government has been taken to task over failure to deliver on details necessary to appropriately design MySuper products....

Superannuation

Adopt standard risk measure now, says ASFA

ASFA has called for the implementation of the SRM despite concerns about the measure from some industry players....

Superannuation

Retirement costs still heading north

The cost of a comfortable retirement continues to increase, albeit at a relatively modest pace....

Financial planning

Don't make assumptions about MySuper

ASFA warns it is too early to make accurate assumptions about MySuper....

Superannuation

Slight increase in retirement costs

There has been a slight increase in retirement costs for retirees, mostly due to the rise in electricity prices, according to the Association of Superannuation Funds of A...

Financial planning

Government releases draft exposure on CGT relief

The Government has released exposure draft legislation on CGT relief for merging superannuation funds....

Superannuation funds demand more time on risk reserves

APRA told superannuation funds will struggle to meet operational risk reserve targets during what is the worst possible time....

Superannuation

APRA rallies trustees for SuperStream

Superannuation funds will be required to adopt systems and processes that support new SuperStream data standards, APRA has said in a letter to super trustees....

Superannuation

ASFA calls for removal of regulatory leftovers from old super surcharges

ASFA has called on the ATO to amend the Rollover Benefits Statement and Member Contributions Statement reporting requirements now while the industry consults on SuperStre...