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Superannuation

Super concessions cost $32bn in 2011-12

ALEX DUNNIN  |  FRIDAY, 1 FEB 2013
The total cost of superannuation tax concessions climbed 10.5% in 2011-12 to reach a record $32.4 billion, according to the just released Tax Expenditures Statements.

Super funds post stellar returns - AREITs on top

MARK SMITH  |  FRIDAY, 1 FEB 2013
Super fund returns continued their astounding recovery during December as the SelectingSuper Workplace default option index climbed to a 32-month high of 12.1%, the latest Rainmaker analysis shows.

AIST lashes out at Coalition

BEN COLLINS  |  FRIDAY, 1 FEB 2013
The Australian Institute of Superannuation Trustees has hit out at a Federal Opposition decision not to support the Gillard Government's low income super rebate.

NSW State Super appoints investment head

MARK SMITH  |  THURSDAY, 31 JAN 2013
NSW State Super has appointed Mark O'Brien as general manager of investments.

Funds unlikely to follow HOSTPLUS to PST

BEN COLLINS  |  THURSDAY, 31 JAN 2013
After HOSTPLUS announced last week that it would potentially let self managed super funds access its investments, fellow industry superannuation funds have denied they have similar plans.

Online tool for evaluating super

STAFF JOURNALIST  |  WEDNESDAY, 30 JAN 2013
Investment research provider Lonsec, in partnership with a superannuation research company, today released the Lonsec super comparator, an online tool that allows advisers to easily compare all types of superannuation offerings.

CBUS to review products to tempt SMSFs

BEN COLLINS  |  WEDNESDAY, 30 JAN 2013
Construction industry superannuation fund CBUS will review its product offering over the next 12 months in order to attract people in self managed superannuation funds.

Media super ups disclosure, lodges MySuper application

BEN COLLINS  |  TUESDAY, 29 JAN 2013
Media Super has lodged an early application with the Australian Prudential Regulation Authority to offer a low cost investment option under the Federal Government's MySuper reforms.

HESTA retains J.P. Morgan for custody services

BEN COLLINS  |  TUESDAY, 29 JAN 2013
Health and community services superannuation fund HESTA will continue to use J.P. Morgan as its provider of global custody services after the contract was re-tendered.

RBF shakes up fund with two new mandates

MARK SMITH  |  TUESDAY, 29 JAN 2013
Tasmania's public sector superannuation fund, Retirement Benefits Fund (RBF) has mandated two new fund managers following an extensive restructure of its $1.1 billion Australian equities portfolio.