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Superannuation

AIST and Mercer launch new super tracker

STAFF WRITER  |  FRIDAY, 9 JAN 2015
The Australian Institute of Superannuation Trustees (AIST) has teamed up with Mercer to develop a "super tracker" designed to evaluate the Australian superannuation system and measure policy changes.

NZ Super and Infratil buy RetireAustralia

MARK SMITH  |  MONDAY, 5 JAN 2015
New Zealand Super has joined forces with Infratil to buy major Australian aged care facility operator RetireAustralia.

We'll underwrite when it suits us: Delaney

JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
AustralianSuper may act like an investment bank in underwriting future transactions, but only when it gives the fund a better deal on long-term investments, the fund's chief investment officer Mark Delaney has said.

Royal commission must look at 'full picture': TWUSUPER CEO

JAMES FERNYHOUGH  |  THURSDAY, 11 DEC 2014
Incoming TWUSUPER chief executive Paul Sayer has questioned the motivation of the Royal Commission into Union Governance and Corruption, urging the commissioner to take a balanced view in his initial findings, which are due out on Monday.

Solve super tax inequity, says Murray

JAMES FERNYHOUGH  |  THURSDAY, 11 DEC 2014
The upcoming tax white paper must redesign the taxation of superannuation so that it no longer disproportionately favours wealthy people, according to the Financial System Inquiry final report.

Vertical integration not important anymore: Murray

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
Vertical integration may prove to be a non-issue if both financial product manufacturers and distributors work with the consumers' best interest in mind, Financial System Inquiry (FSI) chairman David Murray said.

NZ Super Fund takes big stake in LanzaTech

AAP  |  TUESDAY, 9 DEC 2014
The New Zealand Superannuation Fund has taken a 17 per cent stake in gas-to-liquid company LanzaTech.

FSI report favours longevity pooling

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
The Financial System Inquiry final report has recommended superannuation funds make more use of longevity pooling in their retirement products.

Industry funds reject majority independent directors

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
David Murray's recommendation that super fund boards comprise a majority of directors has met with mixed responses from the industry, with the retail side welcoming it but the not-for-profit side broadly rejecting it.

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
David Murray has recommended that the MySuper system be replaced by a default fund auction process similar to the Chilean model if fees do not come down considerably by 2020.