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Superannuation

NFP funds turning to direct investment options in droves

MARK SMITH  |  TUESDAY, 5 NOV 2013
The large majority of industry superannuation funds are looking to add direct investment options (DIOs) to their service offerings with some even considering opening the service to non-members through separate legal structures.

Fund returns dip to 15pct

STAFF WRITER  |  MONDAY, 4 NOV 2013
The SelectingSuper Workplace rolling 12 month default option index dipped during September, but at 15.1% for the year ended 30 September 2013 they are still at near three year highs.

Mercer gets approval for MySuper product

LAURA MILLAN  |  FRIDAY, 1 NOV 2013
The Mercer MySuper product has received authorisation from the Australian Prudential Regulatory Authority (APRA) starting December 1, 2013.

Super IQ doubles after dual acquisitions

MARK SMITH  |  FRIDAY, 1 NOV 2013
Super IQ's acquisition of Super Concepts means the self-managed super fund (SMSF) provider has doubled in size in the last month.

CareSuper reviews custody contract with NAB

ALICE URIBE  |  THURSDAY, 31 OCT 2013
CareSuper is taking its custody contract to market as part of a review of its current custody arrangements with NAB Asset Servicing (NAS).

Three more MySuper licenses

ALEX DUNNIN  |  WEDNESDAY, 30 OCT 2013
Three more MySuper authorisations have been issued by the superannuation regulator APRA taking the number to 81 just two months befor the 1 January MySuper start date.

State Street wins three-fund custody contract

ALICE URIBE  |  TUESDAY, 29 OCT 2013
State Street has won a contract to provide custody services to three Queensland-based industry super funds, after they joined forces for the tender process.

LUCRF Super joins global calls to improve worker safety

STAFF REPORTER  |  FRIDAY, 25 OCT 2013
LUCRF Super has joined more than 200 institutional investors globally in signing the Investor Statement on Bangladesh, calling for workplace reform in garment factories in the South Asian country.

Govt confirms SG delay, kills LICS

MARK SMITH  |  FRIDAY, 25 OCT 2013
The Government has confirmed it will delay the increase in the compulsory superannuation contributions to 12% and that it will abolish the Lower Income Contribution Scheme.

NZ Super to put $126m in retirement village

JAMES FERNYHOUGH  |  FRIDAY, 25 OCT 2013
New Zealand Superannuation Fund looks likely to take on 17% of New Zealand retirement village provider Metlifecare, in a move that will see NZ Super raise its stake in the company to 19.9%.