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Superannuation

NZ Super sells forestry assets to Chinese state owned company

ALEX DUNNIN  |  WEDNESDAY, 24 APR 2013
The New Zealand Superannuation Fund (NZSF) has sold a portfolio of 11 forestry blocks in New Zealand's North Island to a Chinese state owned logging group.

Nominations in for the CIO and COO Year Awards

STAFF WRITER  |  TUESDAY, 23 APR 2013
Nominations are in for the annual chief investment officer and chief operating officer of the Year Awards, to be held on May 7 in Melbourne.

HOSTPLUS awards custody tender to Citi, gets MySuper licence

ALICE URIBE  |  TUESDAY, 23 APR 2013
HOSTPLUS has appointed Citi its global custodian as part of its transformation to becoming a pooled superannuation trust (PST) according to chief investment officer Sam Sicilia.

APRA warns licensees warning about 3 day rollovers

ALEX DUNNIN  |  MONDAY, 22 APR 2013
The Australian Prudential Regulation Authority (APRA) has today written to RSE licensees advising them of their new obligations to process rollovers within three days and use the Australian Taxation Office (ATO) developed SuperTIC service as their means ...

CFS first retail fund to win MySuper approval

MARK SMITH  |  MONDAY, 22 APR 2013
Colonial First State (CFS) has become the first retail fund to win Australian Prudential Regulation Authority (APRA) approval for its MySuper offering, the company announced today.

Industry under-prepared for SuperStream: Bravura

MARK SMITH  |  MONDAY, 22 APR 2013
The financial services industry's back-office technology systems are woefully under-prepared for the government's SuperStream reforms, according to Bravura global head of investment product Darren Stevens.

State Super FS appoints Mercer new asset consultant

LAURA MILLAN  |  MONDAY, 22 APR 2013
State Super Financial Services (SSFS) has appointed Mercer as their new asset consultant.

Abbott super cut to affect low income Australians: Shorten

LAURA MILLAN  |  MONDAY, 22 APR 2013
Around one in three working Australians will be denied up to $500 each year under opposition leader Tony Abbott's plan to cut the Low Income Superannuation Contribution (LISC), minister for Financial Services and Superannuation Bill Shorten said.

Govt starts super reforms campaign

ALEX DUNNIN  |  FRIDAY, 19 APR 2013
The federal government has rolled out a public education campaign explaining superannuation reforms, starting with a website and street billboards.

IPA and SPAA sign SMSF collaboration agreement

STAFF WRITER  |  FRIDAY, 19 APR 2013
The Institute of Public Accountants (IPA) and the SMSF Professionals Association (SPAA) have reached an agreement to collaborate as a bridge between the public accountancy and SMSF sectors.