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Superannuation

Super wealth reaches record high

KARREN VERGARA  |  WEDNESDAY, 12 APR 2017
The amount of wealth Australians hold in superannuation is climbing to a record high, according to the latest figures from the Australian Bureau of Statistics.

ACSI welcomes new member

EMMA RAPAPORT  |  WEDNESDAY, 12 APR 2017
The Australian Council of Superannuation Investors is increasing its scope of influence with a new addition to its membership base.

Workplace default funds deliver strong returns

EMMA RAPAPORT  |  TUESDAY, 11 APR 2017
More than 75% of workplace default superannuation options achieved annual returns over 10% for the year ending February 2017, with 40% achieving annual returns over 12%, latest Rainmaker research shows.

LGS reinstates responsible investing restrictions

EMMA RAPAPORT  |  TUESDAY, 11 APR 2017
Industry superannuation fund Local Government Super is strengthening its commitment to responsible and sustainable investing by reinstating its investment restriction on nuclear energy and uranium industries.

First Super halts private equity investments

ALEX BURKE  |  MONDAY, 10 APR 2017
First Super will make no new investments in its private equity program as its existing $100 million private equity portfolio is under review.

Media Super launches $30m revolving fund

KARREN VERGARA  |  MONDAY, 10 APR 2017
Media Super created a $30 million fund to help finance national research and development projects.

Super fund private equity demand growing

KARREN VERGARA  |  WEDNESDAY, 5 APR 2017
Superannuation funds are shunning traditional asset classes and increasingly turning to private equity opportunities, the latest key market insights from law firm MinterEllison show.

Super reforms will drive advice demand

KARREN VERGARA  |  TUESDAY, 4 APR 2017
The complex and ongoing changes to superannuation will drive individuals to seek advice, IOOF head of technical services Martin Breckon says.

BNY Mellon subsidiary wins CBA super mandate

EMMA RAPAPORT  |  MONDAY, 3 APR 2017
Newton Investment Management, a London based subsidiary of BNY Mellon Investment Management, is welcoming a mandate win from the Commonwealth Bank Group Superannuation scheme.

Associations not sold on PC draft report

EMMA RAPAPORT  |  THURSDAY, 30 MAR 2017
The Productivity Commission's draft report on alternative default models for the superannuation system has been met with mixed responses from the industry.