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Superannuation

Super FUM up 3.6pc

ALEX DUNNIN  |  THURSDAY, 7 JUN 2012
The value of superannuation FUM is up 3.6% in the year to March 2012 to reach $1.38 trillion, tracking the growth rate of GDP that was announced yesterday.

SuperStream levy unclear

MELANIE TIMBRELL  |  MONDAY, 4 JUN 2012
The Financial Services Council has raised concerns on the expenditure of monies levied on the industry to pay for SuperStream and the manner in which they are to be raised.

NSW universities face $4.3bn in super liabilities

BEN COLLINS  |  MONDAY, 4 JUN 2012
The New South Wales auditor-general has cited a "critical need" for NSW universities to negotiate funding arrangements for superannuation liabilities with the Australian Government, after an audit of the state's 10 universities.

Super sector turning to dedicated long-term lenders

BEN COLLINS  |  THURSDAY, 31 MAY 2012
As the major banks shift away from commercial property lending, super funds are turning to dedicated long term lenders, according to a funds manager specialising in secured private debt.

Direct super platform targets SMSF exodus

MELANIE TIMBRELL  |  WEDNESDAY, 30 MAY 2012
The rise of the self-managed super fund and an increased desire among members for control over funds has led UBS and FNZ Australia to develop a platform that allows large super funds to provide direct investment services.

Telstra Super brings more funds in-house

BEN COLLINS  |  WEDNESDAY, 30 MAY 2012
Telstra Super has expanded its relationship with Charles River, allowing the corporate super fund to increase direct control over investments by bringing more of its funds management in-house.

Equipsuper pulls plug on Vision merger

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
The board of Equipsuper has voted unanimously to withdraw from its planned merger with Vision Super.

Government responds to proxy vote concerns

BEN COLLINS  |  FRIDAY, 25 MAY 2012
The Government has responded to stakeholder concerns regarding undirected proxy votes cast by the chair on executive remuneration resolutions.

APRA empowered to chase rogue superfund directors

BEN COLLINS  |  THURSDAY, 24 MAY 2012
The Lower House of Parliament has passed legislation that will give the Australian Prudential Regulation Authority greater powers to pursue "rogue superfund directors".

SPAA: Last resort compensation scheme needed

LINDA HAUSKEN  |  WEDNESDAY, 23 MAY 2012
There is a convincing argument for the establishment of a last resort compensation scheme, according to Self-Managed Super Fund Professionals' Association of Australia chief executive, Andrea Slattery.