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Superannuation

PC to lead another inquiry into super

ALEX DUNNIN  |  THURSDAY, 18 FEB 2016
The Turnbull Government is the latest administration to announce a superannuation inquiry to investigate efficiency of the system and review how default funds are selected.

ASFA chief executive Vamos to step down

MARK SMITH  |  WEDNESDAY, 17 FEB 2016
Association of Superannuation Funds of Australia (ASFA) chief executive Pauline Vamos has decided that the time is right to step down after eight and a half years in the role.

Life insurance profits leap 31pct

MARK SMITH  |  TUESDAY, 16 FEB 2016
Life insurance net profits have jumped 30.9% to $3.2 billion in the 12 months to December 2015, according to the latest figures released by the Australian Prudential Regulation Authority (APRA).

Annuity sales growth drive up Challenger 1H16 profit

ALEX BURKE  |  TUESDAY, 16 FEB 2016
Continuing growth in annuity sales has driven Challenger's 1H16 after-tax profit up 18% on 1H15 to $182 million.

Industry bodies clash over pension proposal

MARK SMITH  |  MONDAY, 15 FEB 2016
The Combined Pensioners and Superannuants Association (CPSA) has branded "offensive" an Australian Chamber of Commerce and Industry (ACCI) proposal to turn the Age Pension into a loan recoverable against the family home.

Actuaries Institute asks for FSI to be implemented

MARK SMITH  |  MONDAY, 15 FEB 2016
The Actuaries Institute has called for the government to quickly implement policy proposals that will encourage innovation in retirement income stream products in its pre-Budget submission.

$1m does not make you rich, Australians say

MARK SMITH  |  MONDAY, 15 FEB 2016
A fifth of those with a household income of $200,000 are living pay-cheque to pay-cheque and having $1 million does not make you rich.

Parametric announces LGIAsuper mandate

DARREN SNYDER  |  FRIDAY, 12 FEB 2016
Global investment manager Parametric has announced a second industry superannuation fund will use the firm's centralised portfolio management (CPM) strategy for Australian and international equities.

Survey reveals super fund strategic priorities

MARK SMITH  |  FRIDAY, 12 FEB 2016
Post retirement products, member engagement and digital strategy remain top of superannuation funds' three-year strategic plans but new concerns are also being brought to the boardroom, according to a joint survey of fund chief executives by ASFA and ...

Impact investor calls on super fund VC

DARREN SNYDER  |  THURSDAY, 11 FEB 2016
Impact investor Trimantium Capital expects to deploy about $700 million in venture capital by the end of 2016, working with several Australian superannuation funds in the process.