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Superannuation

NZ Super eyes glass to smash returns

DARREN SNYDER  |  FRIDAY, 14 AUG 2015
The New Zealand Superannuation Fund will have a place on the board of a US-based tinted glass manufacturer after purchasing a stake in the business for US$75 million.

NAB's Redpoint wins industry fund mandate

ALEX BURKE  |  THURSDAY, 13 AUG 2015
NAB partner Redpoint Investment Management has been awarded a mandate with an industry super fund.

Fee pressure turns super funds to smart beta

LAURA MILLAN  |  WEDNESDAY, 12 AUG 2015
Pressure to lower fees is forcing superannuation funds to look for new ways to deliver returns at a low cost and some are starting to think the solution might be in smart beta.

Telstra Super replaces NAS with J.P. Morgan as custodian

ALEX BURKE  |  TUESDAY, 11 AUG 2015
Telstra Super has replaced NAB Asset Servicing with J.P. Morgan Investor Services as master custodian and investment reporting services provider.

Retail funds get behind campaign to lower fees

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
Retail superannuation funds have entered industry fund territory and admitted that high super fees need to be lowered.

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
David Murray, chair of the Financial System Inquiry, has stirred the debate around super board independence, saying it has deteriorated into a "set of silly suggestions."

Industry fund advice on the rise

ALEX BURKE  |  MONDAY, 10 AUG 2015
Advice services in the not-for-profit super fund sector are expected to grow by 43% over the next four years, research by Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) suggests.

Bendigo wealth earnings fall 20pct despite acquisition

LAURA MILLAN  |  MONDAY, 10 AUG 2015
Bendigo and Adelaide Bank cash earnings for its wealth management division are down 20.5%, despite the recent acquisition of a stake in a superannuation fund.

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
As the superannuation industry continues to make retirement income strategies more readily available, Challenger now has its annuities on Colonial First State's FirstChoice and FirstWrap platforms.

Financial services industry unites for marriage equality

LAURA MILLAN  |  FRIDAY, 7 AUG 2015
Australia's financial services businesses have put rivalries aside and got ahead of politics in a country-wide campaign to support marriage equality.