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Superannuation

Super funds renew custody contracts with State Street

EMMA RAPAPORT  |  THURSDAY, 13 JUL 2017
Two superannuation funds with a combined $9 billion in assets under management have reappointed State Street to provide custody and asset services.

IRESS and MainstreamBPO in super admin deal

KARREN VERGARA  |  THURSDAY, 13 JUL 2017
Fund administrator MainstreamBPO announced it will acquire a portion of IRESS' superannuation administration business.

HESTA stands up to all-male boards

EMMA RAPAPORT  |  WEDNESDAY, 12 JUL 2017
HESTA chief executive Debby Blakey penned a letter to all S&P/ASX200 companies urging them to set specific targets and timeframes for the number of women positioned at senior executive level.

Australian Ethical awarded industry fund mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUL 2017
Australian Ethical will manage an industry superannuation fund's responsible investment option, totaling $128 million.

Sunsuper acquires multi-million dollar shopping centre

EMMA RAPAPORT  |  SATURDAY, 8 JUL 2017
Sunsuper is purchasing a major shopping centre in sub-regional New South Wales, marking the $45 billion super fund's first direct retail acquisition.

AustralianSuper posts annual investment results

EMMA RAPAPORT  |  FRIDAY, 7 JUL 2017
Australia's largest superannuation fund, with more than $120 billion under management, has returned double digit returns for balanced account members.

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
Permitting the entrance of further competition in the superannuation marketplace would reduce fees by $292 million per year across 14 million MySuper accounts.

Disengaged members vulnerable in super

EMMA RAPAPORT  |  MONDAY, 3 JUL 2017
A review by ASIC into member experience with superannuation has highlighted a number of key vulnerabilities for consumers.

EOFY: Super funds to hit double digit returns

STAFF WRITER  |  FRIDAY, 30 JUN 2017
Rainmaker analysis of super fund returns for 2016-17 shows this will be the eighth consecutive year of positive returns with cumulative returns since the GFC breaking through 90%.

Default funds must appear on online super choice forms: AIST

EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
The Australian Institute of Superannuation Trustees is reservedly welcoming a move by the Australian Taxation Office to place superannuation choice forms online.