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Superannuation

Industry funds spend millions on advertising

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
Industry superannuation funds are spending millions of dollars a year on advertising, with some funds' expenditure even exceeding that spent by banks on their own superannuation advertising campaigns, figures released by Nielsen show.

SMSFs still under-invested in global shares

MARK SMITH  |  MONDAY, 24 MAR 2014
Self-managed super fund (SMSF) investors continue to overlook the diversification and growth benefits of investing in overseas shares, according to Insync head of research Marcus Tuck.

APRA delays new data collections implementation

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
APRA has announced it is delaying the implementation timetable for the new superannuation data collections and reopening consultations on the more contentious aspects of the data requirements.

Smaller funds don't need to merge: legalsuper CEO

JAMES FERNYHOUGH  |  FRIDAY, 21 MAR 2014
Legalsuper chief executive Andrew Proebstl has vigorously countered claims that small to medium-sized super funds of less than $5 billion of funds under management will be forced to merge.

NZ Super Fund invests in N American energy

PAUL MCBETH, AAP  |  FRIDAY, 21 MAR 2014
New Zealand Superannuation Fund will invest up to $US250 million ($A277.12 million) with New York Stock Exchange-listed KKR to gain exposure to North American energy markets created by shale oil and gas resources.

British govt to introduce pension choice

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
The British government is proposing a radical overhaul of the nation's private pensions system and will introduce choice of retirement product and simplify retiree taxation structures.

Super is now an economic driver

ALEX DUNNIN  |  WEDNESDAY, 19 MAR 2014
Industry Super Australia (ISA) will argue to the Financial System Inquiry (FSI) that superannuation is now a mature contributor to the Australian economy and should be integrated into the nation's economy's macro management infrastructure.

Intra-fund advice is low-cost

STAFF WRITER  |  TUESDAY, 18 MAR 2014
The Association of Superannuation Funds of Australia (ASFA) has released a report that they claim demonstrates intra-fund advice is low cost to deliver.

Market wrap AM

AAP  |  TUESDAY, 18 MAR 2014
The Australian market looks set to open higher, following the lead of international bourses with investors shrugging off concerns over Crimea's vote to secede from Ukraine and join Russia.

GESB switches consultants from Mercer to JANA

JAMES FERNYHOUGH  |  MONDAY, 17 MAR 2014
Western Australia-based fund Government Employees Superannuation Board (GESB) has confirmed it has switched asset consultants from Mercer to JANA.