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Superannuation

CalPERS and Moody's settle for $130 million

DARREN SNYDER  |  FRIDAY, 11 MAR 2016
The California Public Employees' Retirement System (CalPERS) has settled with Moody's for a record US$130 million for its erroneous ratings of structured investment vehicles prior to the Global Financial Crisis.

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
Up to 2.4 million superannuation members could be impacted by the allegations which have rocked insurance company CommInsure, according to Rainmaker Information estimates.

Energy Super ramps aged care advice

DARREN SNYDER  |  THURSDAY, 10 MAR 2016
The apparent and growing link between superannuation, retirement and aged care has led an industry fund to strengthen its financial advice arm for members' immediate benefit.

Industry reacts to super objective

ALEX BURKE  |  THURSDAY, 10 MAR 2016
Industry commentators have come out broadly in support of the discussion paper outlining the formal objective of Australia's superannuation system released yesterday.

Advisers have assets test top of mind

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
Changes to the Age Pension assets test are top of mind for retirement-focused financial advisers according to the latest data from Challenger.

Fraser Review compounds board independence impasse

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
If no government is brave enough to mandate one-third independent directors on superannuation boards then funds should at least be accountable to members for their hires via an industry-wide governance code.

Women-led super funds outperform

ALEX BURKE  |  TUESDAY, 8 MAR 2016
Superannuation funds led by women, or with significant governance representation, out-perform "male-centric" funds by 50 basis points on average, according to Rainmaker SelectingSuper research.

QSuper takes industry leap with retirement incomes

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
QSuper is leveraging its scale as one of the country's largest superannuation funds to offer accumulation members a bonus should they keep post-retirement savings at the $60 billion industry fund.

New engagement tool for super funds

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
A new video-based member engagement tool is expected to provide answers for superannuation funds wanting an online, interactive customer service solution in their increasingly competitive industry.

Wealth forecasting engine announces Infocus as first client

DARREN SNYDER  |  MONDAY, 7 MAR 2016
Non-aligned wealth manager Infocus is launching a direct-to-consumer financial advice solution in May that will incorporate Morningstar's wealth forecasting engine and investment management services from the Morningstar-owned Ibbotson Associates Australia.