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Superannuation

Retail funds want more super access

ALISON BEVEGE  |  MONDAY, 11 JUL 2011
AMP has joined the chorus of retail funds who want the current award system opened to more competition, giving their superannuation funds greater access to default-fund advantage.

Investment head concerned by super approach

MATT WOODINGTON  |  MONDAY, 11 JUL 2011
Super fund boards must not resort to short-term performance metrics and continue to respect their position as asset stewards, not asset owners, said a global investment management consultant.

UK Pensions Regulator seeks fee transparency

ALISON BEVEGE  |  MONDAY, 11 JUL 2011
The UK Pensions Regulator is seeking management fee transparency in its defined contribution pension schemes.

Super industry reviews carbon tax impact

ALISON BEVEGE  |  MONDAY, 11 JUL 2011
The superannuation industry is waiting to see the impact of the carbon tax on the ecomony, with funds already prepared for environmental investment thought to be best placed under the new impost.

SMSFs may be banned from buying shares off-market

ALISON BEVEGE  |  FRIDAY, 8 JUL 2011
Self-managed super funds will be banned from buying or selling assets to related parties in off-market transfers if the Government adopts Stronger Super recommendations currently being considered.

Telstra Super majority returns above 10%

ELISE BURGESS  |  WEDNESDAY, 6 JUL 2011
Telstra Super annual returns scored double digits for the last financial year, with six out of its nine accumulated investment options performing above 10%.

Consolidated super corporation appoints board

RACHEL DAVIS  |  WEDNESDAY, 6 JUL 2011
The Commonwealth Superannuation Corporation has announced its inaugural board with the current chair of ARIA and MSB, Tony Hyams, given the position of chairman.

Legalsuper calls for default funds review

ELISE BURGESS  |  TUESDAY, 5 JUL 2011
Legalsuper is asking the Federal Government to review regulations around default funds, claiming conflicts of interest and poor performing funds are hurting the industry.

Super acting like a SWF: Treasury

ALEX DUNNIN  |  MONDAY, 4 JUL 2011
Superannuation in Australia is acting like a sovereign wealth fund and is on track to boost savings each year by three per cent of GDP.

Trio director offers EU to APRA

ELISE BURGESS  |  MONDAY, 4 JUL 2011
Former Trio Capital Limited (Trio) director, Natasha Beck, has acknowledge her part in the firm's collapse and offered an enforceable undertaking to the Australian Prudential Regulation Authority (APRA), which it has accepted.