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Superannuation

Industry super funds show patchy approach to emergency reserves

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
Industry super funds have increased their emergency reserves since the global financial crisis but the uptake has been patchy with some funds having no buffer at all, new research has found.

ACSI chief exec Byrne wins PRI election

MATT WOODINGTON  |  WEDNESDAY, 3 AUG 2011
Ann Byrne, the chief executive officer of the Australian Council of Superannuation Investors has been elected to join the Principles for Responsible Investment Initiative advisory council.

IFM pins hopes on state governments and eyes $1bn infra deal

MATT WOODINGTON  |  WEDNESDAY, 3 AUG 2011
Industry Funds Management is on the lookout for $1 billion plus infrastructure investments and hopes that state government asset disposals will breath life into the Australian market.

SMSFs stockpiling cash, weighted to banks

ALISON BEVEGE  |  TUESDAY, 2 AUG 2011
Self-managed super funds have been stockpiling cash in the three months to June reflecting a cautious attitude to the stockmarket among trustees, a new survey has said.

Intrafund advice a sticking point for Stronger Super group

ALISON BEVEGE  |  TUESDAY, 2 AUG 2011
No agreement was reached by representatives of the Stronger Super Peak Consultative Group on the contentious issue of intra-fund advice, a source present at the meetings has said.

Super funds to provide standard risk measure

MATT WOODINGTON  |  MONDAY, 1 AUG 2011
Under new guidelines announced by the Association of Superannuation Funds of Australia and the Financial Services Council, super funds will provide a 'standard risk measure' as of June 22, 2012.

Boutique equities manager wins big Kiwi mandate

ALISON BEVEGE  |  MONDAY, 1 AUG 2011
Boutique New Zealand equities manager Devon Funds Management has won a large new mandate from New Zealand Superannuation Fund.

Government takes no sides in industry-retail super split

ALISON BEVEGE  |  MONDAY, 1 AUG 2011
The Federal Government said today it is not leaning one way or the other on the split between retail and industry funds on super fees.

Seven super funds win AAA for entire product range

ALISON BEVEGE  |  FRIDAY, 29 JUL 2011
Telstra Super, AXA North and QSuper are among seven superannuation funds to have recently gained a AAA rating for all of their superannuation and retirement products from research firm Rainmaker in the last three months.

Time for super to step up

ALEX DUNNIN  |  THURSDAY, 28 JUL 2011
Australia's superannuation asset pool has grown to be one of the nation's major macroeconomic advantages and it's time for the sector to take an investment and economic leadership position, said David Whiteley, chief executive of the Industry Super Network.