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Superannuation

Credit Union enters super through platform

DARREN SNYDER  |  TUESDAY, 1 MAR 2016
Bankstown City Credit Union has become the latest mutual to use a shared superannuation platform, allowing them to enter the $2 trillion market and expand its product range.

NZ Super announces merger mandate

DARREN SNYDER  |  TUESDAY, 1 MAR 2016
The New Zealand Superannuation Fund has marked its first foray into merger arbitrage by appointing global investment manager Ramius for a US$200 million ($280m) mandate in the asset class.

Statewide COO departs, successor appointed

ALEX BURKE  |  MONDAY, 29 FEB 2016
Statewide Super's chief operating officer (and former acting chief executive) Nicolle Rantanen has departed the fund, and the former head of ICT and administration services has taken her place.

Governance reform not targeting industry funds: O'Dwyer

MARK SMITH  |  MONDAY, 29 FEB 2016
Assistant Treasurer and Minister for Small Business Kelly O'Dwyer has insisted the proposed governance reforms for superannuation funds are not targeting the not-for-profit sector in a speech where she cited the privacy breach at Cbus as a sign that ...

Survey shows people struggling to put more super away

MARK SMITH  |  MONDAY, 29 FEB 2016
Australians believe now is a good time to pay off debt and top-up their super but many say they can't afford to put money away after living expenses, according to a new survey by MLC.

Tail risk hedging works for industry fund

DARREN SNYDER  |  MONDAY, 29 FEB 2016
Vision Super has reassured local councils the $7.5 billion fund has protected its defined benefit (DB) members from share market downturns thanks to a tail risk hedging strategy.

Three super funds take responsible investment gong

ALEX BURKE  |  MONDAY, 29 FEB 2016
The Responsible Investment Association of Australasia has revised its certification program, giving its highest marks to three super funds.

FSC reveals six-point super plan

ALEX BURKE  |  MONDAY, 29 FEB 2016
The Financial Services Council has released its six-point plan to make Australia's superannuation system more robust.

Link Group happy with Superpartners progress

MARK SMITH  |  FRIDAY, 26 FEB 2016
Link Group has reported a $4 million loss for the half-year to 31 December as a result of IPO costs but says it is seeing growth in all its revenue streams and is on track to meet its full year forecasts.

ING DIRECT adds to Living Super investment menu

MARK SMITH  |  THURSDAY, 25 FEB 2016
ING DIRECT Living Super has expanded the numbers of shares available on its investment menu to include S&P/ASX 300 shares as well as 26 additional ETFs.