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NewsMail Morning Edition Mon 08 Dec, 2014 Top Stories More Top Stories » Super changes could boost retirement incomes by 40pc: inquiry By finance reporter Elysse Morgan Retirement incomes could be boosted by up to 40 per cent under sweeping changes recommended by the Financial System Inquiry, says its chairman David Murray. The findings of the long-awaited inquiry, released yesterday, call for a major shake-up of superannuation to improve outcomes for consumers. Mr Murray, a former CEO of the Commonwealth Bank, said he wanted legislation to clearly state the purpose of super and to remove it from the industrial relations system to stop it from being used as a political football. "We believe that these two initiatives have the potential to increase retirement incomes by 25 to 40 per cent," he said. More » By-election shock gives Labor hope of majority SA government NSW thunderstorms expected to continue for most of week Dark comedy about dead grandmother wins Tropfest short film festival Fears over proposal to release 500,000 hectares of WA bush for farming Papua New Guinea police and army involved in drunken shootout Alcoa calls for resolution over Renewable Energy Target Uber taxi driver arrested in India after alleged rape Syria accuses Israel of bombing its territory Kayaker sets off on solo paddle from Australia to NZ More Analysis » Murray inquiry forces Hockey into the firing line The release of the final Murray inquiry report into the financial system has started a war with the banks, and Joe Hockey could end up as cannon fodder. Under attack from all sides the Treasurer now finds himself on the receiving end of a report that goes far further than the big banks were expecting and that, if implemented, can only end in one thing: a world of pain. So the question is, will Hockey ever implement any of this? More » The freedom warriors voting for reduced freedom Senators hand refugees' lives over to Scott Morrison The electorate was hoping for something better Anything But with Tim Wilson Black deaths and white backlash Grand Theft Auto: lesson learned the hard way Is history repeating itself already for Tony Abbott? Are pollies' kids fair game in political journalism? A year of delivery from the Federal Government Just In More Just In » Thieves arrested for looting desert cave on Israel cliff face A gang of thieves is arrested for stealing ancient relics from the Cave of Skulls in Israel's Judean Desert, Israeli officials say. More » By-election shock gives Labor hope of majority SA government Cummins, Pattinson fly to Adelaide to continue rehab Kayaker sets off on solo paddle from Australia to NZ ACT Labor begins taking nominations for Senate seat Sri Lanka edges England to go 3-1 up in series NSW thunderstorms expected to continue for most of week Syria accuses Israel of bombing its territory Community service sector under stress due to increasing demand: ACOSS West Ham climbs to third, Leicester loses again World More World » Thieves arrested for looting desert cave on Israel cliff face A gang of thieves is arrested for stealing ancient relics from the Cave of Skulls in Israel's Judean Desert, Israeli officials say. More » Syria accuses Israel of bombing its territory Tacloban residents return to find homes ruined by Hagupit Maldives leader cuts short tour to tackle water crisis in Male Papua New Guinea police and army involved in drunken shootout Celebrities join US protests against police violence as tourists caught up in demonstrations Business More Business » Super changes could boost retirement incomes by 40pc: inquiry By finance reporter Elysse Morgan Retirement incomes could be boosted by up to 40 per cent under sweeping changes recommended by the Financial System Inquiry, says its chairman David Murray. The findings of the long-awaited inquiry, released yesterday, call for a major shake-up of superannuation to improve outcomes for consumers. Mr Murray, a former CEO of the Commonwealth Bank, said he wanted legislation to clearly state the purpose of super and to remove it from the industrial relations system to stop it from being used as a political football. "We believe that these two initiatives have the potential to increase retirement incomes by 25 to 40 per cent," he said. More » Big four banks should hold more cash, financial inquiry finds LNG hailed as Australia's next big revenue raiser WA port shutdown averted in Mineralogy and Sino stoush NAB launches first Australian climate bond Westpac joins growing chorus predicting rate cuts Politics More Politics » Barnett confirms Nalder will remain in Cabinet despite conflict of interest claims Premier Colin Barnett has confirmed the Finance Minister Dean Nalder will remain on the front bench, despite conflict of interest claims against him. More » Queensland MP Bruce Flegg defeated in preselection battle for Moggill Government appoints new national security monitor Remote work-for-the-dole scheme not discriminatory, Scullion says PM succumbs to pressure over paid parental leave Sport More Sport » West Ham climbs to third, Leicester loses again Andy Carroll's double helped West Ham to third in the EPL, while Villa handed Leicester its eighth loss from 10 games. More » Cummins, Pattinson fly to Adelaide to continue rehab Melbourne City nudge Brisbane Roar out of six with 1-0 win Kookaburras remain winless after 4-4 Champions Trophy draw with Belgium Australian cricketers battling inner demons: Watson Whincup crowned V8 champion for sixth time, final race abandoned Science and Technology More Science and Technology » NASA's Mars Orion capsule completes first test flight By North America correspondent Ben Knight, Sarah Sedghi, wires A NASA unmanned Orion space capsule designed to one day fly astronauts to Mars has splashed down in the Pacific Ocean off California's southern coast following its first flight test. More » NASA's Mars capsule Orion launches from Cape Canaveral NASA's Mars capsule Orion launch postponed NASA's Orion spacecraft faces critical test flight Richard III DNA study uncovers illegitimate child mystery Environment More Environment » Fears over proposal to release 500,000 hectares of WA bush for farming By environment and science reporter Jake Sturmer There are fears up to 500,000 hectares of biologically rich woodlands on Western Australia's south coast could be destroyed for farming. More » Environmentalist to seek Integrity Commission scrutiny of national park tourism deal Projections reveal likely local impacts of climate change on NSW Queensland Government accused of delaying new national parks Labor 'prepared to negotiate' to save RET About this email You received this email because you are subscribed to ABC News email alerts. 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