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Superannuation

AustralianSuper to increase in-house investment capacity

JAMES FERNYHOUGH  |  MONDAY, 12 AUG 2013
AustralianSuper has said it will bring one third of investment management in-house within two years, raising the question of whether industry funds will be able to attract and retain high-quality candidates on industry fund salaries.

Stronger Super transparency rules too stringent: FSC

JAMES FERNYHOUGH  |  FRIDAY, 9 AUG 2013
The Financial Services Council (FSC) has called on Treasury to loosen transparency requirements associated with the Stronger Super reforms, including the product dashboard, portfolio holdings disclosure requirements, and Product Disclosure Statement ...

Victims push for new Trio fraud inquiry

LAURA MILLAN  |  FRIDAY, 9 AUG 2013
The Victims of Financial Fraud (VOFF) are pushing for another inquiry on the Trio Capital fraud after the Parliamentary Joint Committee (PJC) failed to address the victims' main issues of concern.

Infrastructure debt 'not that scary': AusSuper chair

JAMES FERNYHOUGH  |  THURSDAY, 8 AUG 2013
AustralianSuper chair Heather Ridout has urged state governments not to be afraid of going into debt if the money is used to fund infrastructure projects.

Energy Super CEO named fund executive of the year

JAMES FERNYHOUGH  |  THURSDAY, 8 AUG 2013
Energy Super chief executive Robyn Petrou has been named fund executive of the year in the 12th Annual Fund Executive of the Year Award at an event at the Park Hyatt in Melbourne.

Super fees fall to 1.23%

STAFF WRITER  |  WEDNESDAY, 7 AUG 2013
Super fund fees have fallen to 1.23% but increased to $18.6 billion on the back of rising assets under management, reveals new research from Rainmaker.

Retail funds ruled out of corporate tenders on MySuper lack

JAMES FERNYHOUGH  |  WEDNESDAY, 7 AUG 2013
As corporate superannuation funds continue to outsource, retail funds are ruling themselves out as contenders due to their lack of MySuper products.

MTAA launches individual advice service

JAMES FERNYHOUGH  |  WEDNESDAY, 7 AUG 2013
Industry super fund MTAA will now offer a new limited personal advice service to its members.

Westpac and BTFG group get MySuper approval

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
Westpac and BT Financial Group has become only the third retail conglomerate superannuation provider to gain MySuper authorisation.

Strong returns put UniSuper back in the black

ALEX DUNNIN  |  TUESDAY, 6 AUG 2013
Strong investment returns from rebounding capital markets have strengthened UniSuper's balance sheet sufficiently to enable the fund trustee board to announce they no longer need to consider reducing members' benefits to maintain the fund's solvency.