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Superannuation

ASFA gets behind phoenix reforms

RACHEL DAVIS  |  MONDAY, 31 OCT 2011
The Association of Superannuation Funds of Australia has welcomed proposed legislation to hold directors of phoenix companies liable for any unpaid superannuation entitlements.

Govt infra paper opens investment doors

ELISE BURGESS  |  THURSDAY, 27 OCT 2011
The Government has announced plans to remove tax disincentives and encourage more private investment in infrastructure projects in a bid to entice investments into the local market.

Equipsuper and Vision Super merger appoint CEO

CLAIRE MCGREAL  |  THURSDAY, 27 OCT 2011
Preparations for the merger between Equipsuper and Vision Super appear to be moving at full speed with the announcement that Danielle Press will head the merged fund.

Funds should target retirement income not returns

ALEX DUNNIN  |  THURSDAY, 27 OCT 2011
Poor super fund returns due the worldwide share slump continue to highlight how traditional super fund design is all about accumulation while neglecting the main objective of retirement income.

ACSI helps push News Corp negative vote to 35%

ALEX DUNNIN, CLAIRE MCGREAL  |  TUESDAY, 25 OCT 2011
Pension funds around the world, including the Australian Council of Superannuation Investors (ACSI), last week sent a message to News Corp that contributed up to one-third of votes cast against the current board.

Superannuation alliance speeds up rollover times

CLAIRE MCGREAL  |  MONDAY, 24 OCT 2011
The Affiliation of Superannuation Practitioners is to fully implement its electronic rollover program for member organisations over the next 12 months following its success on a pilot basis since September.

Multiport hits $2bn

ALEX DUNNIN  |  MONDAY, 24 OCT 2011
Self-managed super fund administration heavyweight Multiport has hit $2 billion in funds under administration but for such a large administration group to be so small relative to the SMSF market shows how fragmented the SMSF marketplace remains.

NGS Super launches social media strategy

ELISE BURGESS  |  FRIDAY, 21 OCT 2011
NGS Super has joined the social media rush, launching an integrated social media strategy across a number of platforms including Facebook, Twitter and YouTube.

Privacy Commissioner opens investigation into First State Super

ELISE BURGESS  |  THURSDAY, 20 OCT 2011
Inquiries are underway after the Australian Privacy Commissioner, Timothy Pilgrim, said there will be an investigation into the First State Super security breach as the fund notifies its entire 770,000 member base.

First State Super chief handles furore over tech security

ELISE BURGESS  |  WEDNESDAY, 19 OCT 2011
First State Super has told Financial Standard it will not be pursuing legal proceedings against the 'goodwill hacker' who exposed a security flaw in its system, with the two parties to instead resolve any issues together.