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Superannuation

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
The Financial Services Council welcomes key recommendations made in the Productivity Commission's assessment of superannuation efficiency and competitiveness. It agrees consumer outcomes could be significantly improved.

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
The Productivity Commission recommends an independent review of insurance in superannuation; that Australians enter default super once; and that super funds disclose trailing financial adviser commissions.

Parametric wins $60m global equities mandate

ALEX BURKE  |  TUESDAY, 29 MAY 2018
Parametric won a $60 million mandate for its tax-managed indexing (TMI) strategy from an $8.5 billion super fund.

Big data's big retirement benefits

DARREN SNYDER, STEPHEN FAY  |  MONDAY, 28 MAY 2018
J.P. Morgan Asset Management says big data is allowing retirement income products to be better customised to the individual and more dynamic in managing retiree spending.

GROW Super seeks RSE licence

JAMIE WILLIAMSON  |  MONDAY, 28 MAY 2018
GROW Super is in the process of establishing its own Registrable Superannuation Entity licence, a move which aims to better commercialise its product and position itself as a technology and services company.

Industry fund awards currency mandate

HARRISON WORLEY  |  THURSDAY, 24 MAY 2018
A $55 billion profit-for-members fund has awarded a $350 million mandate to a global currency manager.

TAL bolsters mental health capabilities

HARRISON WORLEY  |  WEDNESDAY, 23 MAY 2018
TAL has commenced rolling out new mental health coaching programs for staff.

Rest awards global equities mandate

ALEX BURKE  |  WEDNESDAY, 23 MAY 2018
Rest has awarded a new global equities mandate to a US-based boutique.

Age Pension needs national objective: Actuary

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
Actuary Michael Rice believes there should be a national objective for the Age Pension and the Federal Government could consider setting a combined target for Age Pension and aged care costs as a percentage of GDP.

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
Treasury has laid out principles for its proposed retirement income covenant and is inviting stakeholders to submit consultation for the next four weeks.