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Superannuation

AvSuper builds on its AllianceBernstein mandate

ELISE BURGESS  |  WEDNESDAY, 23 NOV 2011
AvSuper has increased its existing Australian Value mandate with AllianceBernstein to include global funds manager's Franked Australian Value service and improve the fund's after tax returns.

MySuper Mythconceptions

ALEX DUNNIN  |  TUESDAY, 22 NOV 2011
MySuper continues to generate hysteria among some superannuation industry commentators and it's time to remind ourselves what it is and, more importantly, what it is not.

Alleron wins AustralianSuper mandate

ELISE BURGESS  |  TUESDAY, 22 NOV 2011
AustralianSuper has awarded a $440 million mandate to Australian equity manager, Alleron Investment Management.

Sunsuper appoints State Street as custodian

ELISE BURGESS  |  TUESDAY, 22 NOV 2011
State Street Global Services has landed the role of custodian for $18 billion super fund, Sunsuper and will provide solutions and investment servicing for the local market.

Doubt over CGT relief delaying fund mergers

RACHEL DAVIS  |  MONDAY, 21 NOV 2011
Uncertainty over whether the Government will grant Capital Gains Tax relief for merging super funds is hampering consolidation across the super industry, according to the Australian Institute of Superannuation Trustees.

MySuper rings alarm for Corporate Super

CLAIRE MCGREAL  |  MONDAY, 21 NOV 2011
Corporate superannuation advisers have voiced their concerns over MySuper measures, claiming they would ultimately deter corporate fund members from engaging with their retirement savings.

APRA urges trustees to adhere to industry standards

CLAIRE MCGREAL  |  WEDNESDAY, 16 NOV 2011
The Australian Prudential Regulatory Authority is calling on superannuation fund trustees to ensure the outsourced marketers and product designers of their funds are adhering to industry standards and that the trustees at all times are ultimately responsible.

LGS first fund to sign iqBoard solution

ELISE BURGESS  |  TUESDAY, 15 NOV 2011
Local Government Super's governance now operates in the Cloud after moving to the iPad and signing with newly-launched trustee office solution, iqBoard, from The IQ Business Group's iqCloud.

ASFA: Retirement costs on the rise

RACHEL DAVIS  |  TUESDAY, 15 NOV 2011
A couple looking to achieve a comfortable retirement will need to spend $55,316 a year, while those seeking a 'modest' retirement lifestyle need to spend $31,767 a year, according to new figures released today for the ASFA Retirement Standard.

Australia's retirement system the most sustainable in the world

RACHEL DAVIS  |  MONDAY, 14 NOV 2011
Australia has been ranked as having the best prepared retirement savings system followed by Sweden, Denmark, New Zealand and the Netherlands, according to Allianz Global Investors.