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Superannuation

Super returns dip to 9.0 pct

STAFF WRITER  |  TUESDAY, 4 NOV 2014
The SelectingSuper MySuper (ie Workplace) rolling 12 month performance index fell sharply during September to return 9.0% compared to 11.1% at end July and 10.6% at end June.

Cbus employees accused of perjury

JAMES FERNYHOUGH  |  MONDAY, 3 NOV 2014
Two Cbus employees have been accused of perjury and the fund's culture has been strongly criticised in a submission by the council assisting the Royal Commission into Trade Union Governance and Corruption.

AMP to enter Chinese pension market

JAMES FERNYHOUGH  |  FRIDAY, 31 OCT 2014
AMP has announced it will acquire a 19.99% stake in China's largest pension company, China Life Pension Company Limited, for $240 million.

Towers Watson launches Thinking Ahead Institute

JAMES FERNYHOUGH  |  WEDNESDAY, 29 OCT 2014
Towers Watson has launched a global not-for profit organisation aimed at "influencing change in the investment world to improve the provision of savings."

Energy Super CEO explains disclosure decision

JAMES FERNYHOUGH  |  TUESDAY, 28 OCT 2014
Energy Super's decision to publicly disclose the majority of its holdings on its website represents a shift in focus onto the growing cohort of members who want to know what their money is doing, according to the fund's chief executive Robyn Petrou.

Shareholder primacy a myth: Governance Institute

JAMES FERNYHOUGH  |  MONDAY, 27 OCT 2014
The notion that company boards have a legal obligation to act in the sole interest of their shareholders is a myth, according to a new discussion paper by the Governance Institute of Australia.

Cbus sacks alleged leaker, plans governance review

JAMES FERNYHOUGH  |  FRIDAY, 24 OCT 2014
The Cbus employee allegedly responsible for leaking member information to the Construction, Forestry, Mining and Energy Union (CFMEU) has been sacked, according to Cbus chief executive David Atkin.

Baby boomers in the dark on super: SCT

AAP  |  THURSDAY, 23 OCT 2014
According to the Superannuation Complaints Tribunal there are basically two types of unhappy baby boomers.

Retail funds deny relying on passive investment

JAMES FERNYHOUGH  |  THURSDAY, 23 OCT 2014
Three major retail superannuation funds have rejected claims that they are relying on passive investment strategies to keep MySuper product costs down, confirming they have a significant allocation to active managers.

AustSuper premium hike sees surprise member response

JAMES FERNYHOUGH  |  WEDNESDAY, 22 OCT 2014
AustralianSuper's decision to significantly increase life premiums has had the surprise effect of triggering more members to dial up their cover.