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Superannuation

Highest paid execs in super revealed

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
Superannuation funds have publicly disclosed how much they pay their senior executive staff, revealing pay packages ranging from the low hundreds of thousands of dollars to over a million dollars a year.

BNP Paribas top custodian for client satisfaction

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
BNP Paribas has emerged as the top Australian custodian when it comes to client satisfaction, beating the likes of Citi, J.P. Morgan and NAB Asset Servicing (NAS), in the Global Custodian Agent Banks in Major Markets Survey 2014.

Industry funds to in-house customer experience

LAURA MILLAN  |  WEDNESDAY, 5 NOV 2014
Industry funds are bringing their customer experience capabilities in-house in a bid to compete against the big four banks in social media and data analytics, J.P.Morgan and Deloitte digital experts said.

NZ Super terminates AMP Capital mandate

MARK SMITH  |  TUESDAY, 4 NOV 2014
The New Zealand Superannuation Fund has terminated AMP Capital's New Zealand active equities mandate, effective from 30 October.

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.