Independent and concise superannuation industry news from QMV Super Solutions.

1. While all care has been taken to ensure the accuracy
of the information presented, QMV Super Solutions
is not responsible for any loss or damage suffered in
relying on the information presented.
QMV
QMV Super Solutions specialise in the delivery of world-class technology
and business solutions for the superannuation and wealth management
industries. With a fresh approach to solving complex process issues, our
tailored solutions are delivered by a bright young team who are experts in
their fields, and passionate about results.
qmvsupersolutions.com
SuperBrief Independent & Concise
Issue #8 of 2015: Friday, 27th
February
FINANCIALSERVICESCOUNCIL
Sally Loane, chief executive of
the Financial Services Council
(FSC) delivered her inaugural
speech at the Deloitte
Leadership Series. The speech
covered various topics on the
state of the financial services
industry and welcomed the
impending Treasury tax white
paper process.
Source: Financial Services Council
APRAREPORTING
The Australian Prudential
Regulation Authority (APRA)
recently published its MySuper
Statistics report for the
December 2014 quarter. This
report ranks the 116 registered
MySuper products by their fees
and net returns.
The report found that the best
net investment return in the
December quarter was Emplus
MySuper product with 5.25 per
cent and the cheapest was
Bendigo MySuper at 20 basis
points (bps).
Source: Super Review
SELFMANAGEDSUPERFUNDS
Details behind the Self
Managed Superannuation Fund
(SMSF) Certified Practitioner
accreditation have been
published by the SMSF
association.
The program is currently being
piloted with an expected full
launch in June this year. It will
be available to all SMSF
Association members.
Source: Financial Standards
INDUSTRYSUPERFUNDS
EquipSuper has broadened its
employer and member benefits
offering, with the introduction of
the SuperFriend programs.
The SuperFriend program is an
initiative created by Industry
Super Funds that runs a number
of mental health and wellbeing
programs.
Source: Super Review
SUPERSTATISTICS
Club Plus Super recently
commissioned a survey into the
gap between retirement
objectives and contributions
levels. The survey found that
only 24.5 per cent of Australians
where making additional
contributions in order to reach
their retirement goals.
Source: Super Review
Roy Morgan conducted a
survey across the big 4 banks
(CBA, NAB, ANZ and Westpac)
which found that the banks
secured less than one-fifth of
their customers superannuation
business.
NAB had the highest share at
18.5 per cent and ANZ had the
lowest share at 11.6 per cent.
Source: InvestorDaily
REGULATION
The Australian Securities and
Investment Commission (ASIC)
has issued Equity Trustees
Limited and Como Financial
Services with penalties of
$20,400 each due to potentially
misleading promotional
information on their Good Super
superannuation fund.
ASIC’s infringement notice
stated that they had breached
the act by making false or
misleading representation on
the Good Super website as to
the performance
characteristics and use of
services offered by the Good
Super fund.
Source: Money Management
WOMENINSUPER
Women in Super (WIS) and the
Australian Graduate School of
Management (AGSM) have
entered into a partnership to
offer scholarships for NSW WIS
members. The scholarships are
for Executive Education
programs which are aimed at
fast tracking careers in the
superannuation industry.
Source: Financial Standard