Default funds

Since 1 July 2005, the default fund is the super fund where an employer’s super contributions must go, if an employee doesn’t choose a fund.

Set out below are SuperGuide articles explaining Default funds.

Cooper Review: Our Government’s four-pronged response

strongersuper

‘Stronger Super’ is the catch-cry heralding in the Federal Government’s response to the Cooper Review report on the superannuation system. On 16 December 2010, the Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, released the Government’s response … [Read more...]

Cooper Review: Top 10 recommendations from final report

cooperrecommendations

Update: Good news for SMSF art collectors and SMSF trustees investing in other collectibles. On 30 July 2010, the ALP Government announced that it would not be adopting the Cooper recommendation to ban art and other collectibles from SMSFs. The Government intends to impose stricter storage … [Read more...]

SG made easy: just add Medicare

super-clearing-house

If you run a small business and have employees, or work for a small business as an employee, then you should read this article. The Federal Government is launching a free superannuation clearing house for businesses that have up to 19 employees. The clearing house will be run by Medicare … [Read more...]

Super fees: how much should a fund charge you?

percentage

The Super System Review (SSR) panel, in particular, chair Jeremy Cooper, has drawn a line in the sand and publicly stated that the SSR believe it’s possible to reduce the fees charged by super funds to a mere half a per cent, or even less. Go Mr Cooper! The SSR commissioned a report from … [Read more...]

THE SOAPBOX: Cooper declares war on retail funds and financial advisers

mysuper

The Super System Review chaired by Jeremy Cooper has gone back to basics for our future super needs: no frills, lower fees and no more commissions leading to the inevitable, slow death of the financial adviser/retail fund love-in. Here’s something old that’s become new. The Super System … [Read more...]