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Superannuation

Australian pension fund growth outstrips global average

MARK SMITH  |  MONDAY, 9 SEP 2013
Australian pension fund growth was twice the global average in 2012, according to a global survey of the world's 300 largest funds conducted by US newspaper Pensions & Investments and Towers Watson.

Independent providers fail at cross-selling banking products

LAURA MILLAN  |  THURSDAY, 5 SEP 2013
AMP and industry funds are the major providers of superannuation for consumers and businesses, but they have had very little success at selling banking products to their customers.

Employer super contributions down as jobless figure rises

JAMES FERNYHOUGH  |  THURSDAY, 5 SEP 2013
Employer superannuation contributions saw their biggest fall in the 2013 June quarter since the global financial crisis, according to Financial Services Council (FSC) chief economist James Bond.

AMP bolsters corporate super business

LAURA MILLAN  |  WEDNESDAY, 4 SEP 2013
AMP Financial Services has made a series of senior appointments to its corporate super business in an effort to cope with major regulatory change and changing customer preferences.

Mercer trumpets "lifetime super concessional cap"

JAMES FERNYHOUGH  |  WEDNESDAY, 4 SEP 2013
Mercer has proposed that lifetime concessional caps on superannuation contributions would be a fairer system than the current annual concessional cap of $25,000.

Cbus to divest tobacco holdings as stocks fall from highs

MARK SMITH  |  WEDNESDAY, 4 SEP 2013
Cbus Super will divest its holdings in tobacco companies in the interest of members and their long-term investment returns.

Future Fund legally bound to protect docs in AustralianSuper feud

ALICE URIBE  |  WEDNESDAY, 4 SEP 2013
The Future Fund risks breaching a legally-binding confidentiality agreement with Australian Infrastructure Fund (AIX) if it hands over documents to AustralianSuper relating to its purchase of a stake in Perth airport.

Super fund sells hospital to government

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
MTAA Super has sold its stake in Mildura Base Hospital (MBH) to the Victorian Government after 13 years of investment in the project.

Aon Master Trusts gets MySuper approval

MARK SMITH  |  TUESDAY, 3 SEP 2013
The Aon Master Trust has become the latest fund to receive its MySuper authorisation from the Australian Prudential Regulation Authority (APRA).

MLC gets MySuper approval

LAURA MILLAN  |  MONDAY, 2 SEP 2013
The Australian Prudential Regulation Authority (APRA) has approved NAB-owned MLC MySuper offer.