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Superannuation

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.

Industry braces for majority independent directors

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
Superannuation fund boards should comprise a majority of independent directors including an independent chair, David Murray has recommended in the Financial System Inquiry final report.

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.

MTAA hails 'a third, a third, a third' board structure a success

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
The Financial System Inquiry report will be released this Sunday, and it is widely expected to have something to say about superannuation fund governance - namely, that the boards of super funds should have a quota of independent trustees. While many ...

Infra committee recommends ISA's inverted bid model

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
Industry Super Australia's inverted bid model for infrastructure project development has moved a step closer to becoming a reality, receiving the endorsement of the House of Representatives Standing Committee on Infrastructure and Communications.

NAS loses another super fund

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
NAB Asset Servicing (NAS) has lost another super fund client, with TWUSUPER switching custodians to BNP Paribas Securities Services.

High-calibre superannuation: 2014 CIO and COO Award recipients announced

MICHELLE BALTAZAR  |  WEDNESDAY, 3 DEC 2014
Leading superannuation fund executives were recognised at the 2014 Chief Investment Officer (CIO) and Chief Operating Officer (COO) Awards held in Melbourne last night.

Big changes on way for pension funds

ALEX DUNNIN  |  WEDNESDAY, 3 DEC 2014
Pension funds around the globe are going to ramp up their risk appetite, take big bets on alternatives, switch from being asset owners to asset managers and transform how they deal with external investment managers, reveals a major survey released by ...