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Superannuation

ISA and FSC prepare for Federal Court clash

JAMES FERNYHOUGH  |  WEDNESDAY, 7 MAY 2014
A Federal Court face-off between the Financial Services Council (FSC) and Industry Super Australia (ISA) looks likely over the Fair Work Commission's (FWC) involvement in workplace superannuation.

Higher pension age to drive increase in early super releases

ALEX DUNNIN  |  WEDNESDAY, 7 MAY 2014
The government's decision to lift the pension age has raised the ire of advocates for manual workers but these workers represent only a minority of the workforce.

Super to engender securitisation 'rebirth': Brogden

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
The superannuation system could use its huge and ever-growing pool of capital to become a mortgage lender in partnership with the banks, according to Financial Services Council chief executive John Brogden.

The Infrastructure Fund looking to add to Port of Newcastle purchase

MARK SMITH  |  TUESDAY, 6 MAY 2014
Australian industry super investment vehicle The Infrastructure Fund (TIF) is on the hunt for more quality infrastructure assets following its purchase of the long-term lease of the Port of Newcastle, the world's largest coal export port.

Citi wins custody of Norway's Oil Fund

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
Citi has replaced JP Morgan as custodian to Norges Bank Investment Management (NBIM), the body that manages Norway's $850 billion Government Pension Fund Global.

LUCRF divests $5 million of cluster munition and tobacco

LAURA MILLAN  |  TUESDAY, 6 MAY 2014
LUCRF Super has approved the negative screening and divestment of cluster munition manufacturers and tobacco companies from its investment portfolios.

'Choice' dashboard, portfolio disclosure delayed to 2015

ALEX DUNNIN  |  TUESDAY, 6 MAY 2014
The government has announced that the start date for the product dashboard for 'choice' super funds and introduction of the portfolio holdings disclosure regime will be delayed 12 months to July 2015.

Custodians fight hard for big super deals

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
Custodians are fiercely competing to win the business of Australia's largest superannuation funds, with some trading in short-term commercial gain in exchange for strategic long-term deals.

Super on track for double-digit year

ALEX DUNNIN  |  MONDAY, 5 MAY 2014
The SelectingSuper Workplace rolling 12 month default option index dampened slightly during March to return 12.6%, pointing to 2013-14 being on-track to be another double-digit performance year.

Industry asks for long-term, comprehensive approach to Age Pension

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
The financial services industry has asked the government to take a long-term, comprehensive approach to any changes to the Age Pension and to the superannuation preservation age, following the release of the National Commission of Audit report.