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Showing 91 - 100 of 128 results for "Public Sector Super"

PSS reduces premiums

RUTH LIEW  |  TUESDAY, 6 OCT 2009
The Public Sector Superannuation Scheme has reduced the premiums of its additional death and invalidity cover. According to a fund newsletter update, PSS which is part of the $15.7 billion Australian Reward Investment Alliance, said they introduced ...

APRA launches data revolution

ALEX DUNNIN  |  THURSDAY, 20 AUG 2009
... of the results conducted by Rainmaker reveals the top returning - as opposed to performing - segment to be public sector super funds with an annual ROR for the five years to December 2008 of 9.8 per cent. Next in line were industry funds with 9.3 per ...

Pillar tenders for RBF-TAS deal

RUTH LIEW  |  TUESDAY, 14 JUL 2009
Pillar Administration is tendering to provide administration services to RBF Tasmania, which had $3 billion in funds at the end of June last year. RBF-TAS is in the process of selecting its new administrator. The fund currently manages its administration ...

Fed's unfunded liabilities balloon to $80bn

ALEX DUNNIN  |  THURSDAY, 28 MAY 2009
... latest Mercer analysis from the Department of Finance in Canberra, show the combined unfunded liability for the Public Sector Super and Commonwealth Super Schemes scheme is now $80 billion. In 1999 the unfunded liability was estimated at only $46 billion. ...

Refine board succession: AIST

MICHAEL HOBBS  |  WEDNESDAY, 6 MAY 2009
Industry, corporate and public sector super funds must improve their board succession strategy to ensure the funds continue to operate effectively, according to a new survey. The Australian Institute of Superannuation Trustees (AIST) commissioned research ...

DB super deficit rises to $25 bn

MICHAEL HOBBS  |  TUESDAY, 14 APR 2009
A Watson Wyatt report found defined benefit superannuation liabilities for listed Australian firms have blown out from around $2 billion to $25 billion over a six-month period to the end 2008. According to David McNeice, Watson Wyatt principal, companies ...

Superfunds on recruitment spree

RUTH LIEW  |  FRIDAY, 13 FEB 2009
As job opportunities in investment banking and funds management dry up, investment professionals should turn their sights on superannuation, with three super funds managing a combined $80 billion on the hunt for the best talent. Queensland-based Sunsuper ...

GESB plans on hold

MICHAEL HOBBS  |  THURSDAY, 12 FEB 2009
Western Australian public sector super fund, GESB's planned mutualisation process has again been shelved after the local government cited tax and bad financial market concerns. Western Australian treasurer, Troy Buswell said significant progress had ...

State Super appoints chief executive

COMPANY RELEASE  |  MONDAY, 9 FEB 2009
State Super has appointed Chris Durack, who previously held senior roles at Challenger and Perpetual, as chief executive. Durack comes with experience as a consultant from his time at Mercer and Towers Perrin, as well as senior management positions ...

Insurance still tops: super funds

RUTH LIEW  |  MONDAY, 19 JAN 2009
... and their providers in 2009 as government and industry funds re-jig their offerings for better member cover. Public sector super provider Super SA for instance has announced the roll-out of insurance upgrades to improve 'Triple S' members' Death and ...