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Superannuation

Mercer wins Mercy Super admin gig

JAMES FERNYHOUGH  |  MONDAY, 3 FEB 2014
Mercer has entered a seven-year deal with corporate super fund Mercy Super to provide member administration services.

Superannuation bodies axed in government streamlining

MARK SMITH  |  MONDAY, 3 FEB 2014
The SuperStream Advisory Council, the Superannuation Advisory Committee and the Superannuation Roundtable have become the latest casualties of the government's 'streamlining' process.

Obama launches myRA

ALEX DUNNIN  |  MONDAY, 3 FEB 2014
President of the United States Barack Obama has a proposed new retirement savings program called MyRA to help Americans prepare for retirement.

Super subsidies cost $32bn: Treasury

ALEX DUNNIN  |  FRIDAY, 31 JAN 2014
As the government prepares for a review of unsustainable welfare payments, Treasury has released its 2013-14 Tax Expenditures Statement (TES) that confirms the cost of superannuation tax subsidies is $32 billion.

Retail funds close member satisfaction gap

JAMES FERNYHOUGH  |  FRIDAY, 31 JAN 2014
Industry super fund members are more satisfied with the financial performance of their funds than members of retail funds, but the gap is closing, according to a new survey released by Roy Morgan.

Prime Super and HIP to merge

JAMES FERNYHOUGH  |  THURSDAY, 30 JAN 2014
Industry superannuation funds Prime Super and Health Industry Plan (HIP) will merge later this year to create a fund with almost $2.4 billion in funds under management and 150,000 members.

Niche funds have their advantages: legalsuper CEO

JAMES FERNYHOUGH  |  THURSDAY, 30 JAN 2014
Industry super fund legalsuper's recently-negotiated three-year freeze on insurance premiums was only possible because of the fund's niche status, according to legalsuper chief executive Andrew Proebstl.

NGS Super launches direct investment platform

MARK SMITH  |  THURSDAY, 30 JAN 2014
NGS Super has partnered with Mercer to offer members access to a new direct investment platform.

Asset owners must embrace change

MARK SMITH  |  THURSDAY, 30 JAN 2014
Super funds, sovereign wealth funds and other institutional investors must take an adaptable approach to governance if they are to keep up with the pace of change in the investment industry, according to Towers Watson global head of Investment Content ...

SMSFs retarding growth in Australia: Credit Suisse

LAURA MILLAN  |  WEDNESDAY, 29 JAN 2014
Self-managed super funds (SMSFs) "are retarding growth in Australia" by controlling much of the equity that could be used for new investment and demanding dividend increases instead.