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| | | The merger of AustralianSuper and Westscheme announced today would create a $40 billion super fund with 1.7 million members, further cementing AustralianSuper's ranking as Australia's biggest super fund. In a joint press conference at 1pm today, long-time ... |
| | | | ... 5.8 million super accounts, or about one in five, are lost - an average of one lost account for every two working Australians," said the draft. "This measure, honouring an election commitment, will make it easier for Australians to be re-united with ... |
| | | | Sunsuper has expanded its direct property portfolio after purchasing a $107 million property to compliment its national growth strategy. The super fund said the property purchase would add diversification to its investment portfolio. "This addition ... |
| | | | ... through their online member account. Financial literacy initiatives backed by super funds come at a time where many Australians still don't know much about how to manage their super or seek advice. Professional Associations Super (PAS) surveyed its members ... |
| | | | ... superannuation benefits and encouraging the use of equity release schemes. The Productivity Commission's (PC) Caring For Older Australians report, released last month, said more creative funding measures are required because the average $250,000 aged ... |
| | | | ... hampered because too many advisers believe high-touch holistic advice is the default structure, said the regulator. "Many Australians, particularly those who have never previously accessed financial advice, want piece-by-piece simple advice rather than ... |
| | | | ... manager, MLC Investment Platforms, said the group is looking forward to developing new products that would suit many Australians as they move towards retirement. "We are pleased to have attracted an individual of this calibre to enhance our retirement ... |
| | | | APRA has released its 2010 fund level data league tables, showing that measured by the controversial 'whole of fund' metric that Australia's top funds are the corporate funds Goldman Sachs, CommBank Officers and Worsely Alumina. Sitting in fourth, fifth ... |
| | | | AustralianSuper has posted a solid set of performance numbers across its investment options in the past six months, with all of the fund's pre-mixed options, bar one, beating their respective benchmarks. The super fund has posted its investment returns ... |
| | | | ... all bad news. "The silver lining when it comes to intra-fund [advice] is that [at the moment] only three out of ten Australians are getting advice," said Klipin. "Intra-fund advice may lead to that trigger point where consumers will be looking for more ... |
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