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Superannuation

REST focused on long term after posting healthy returns

MATT WOODINGTON  |  THURSDAY, 14 JUL 2011
REST Industry Super's core strategy achieved returns of 9.56% for the last financial year, which the fund attributed to its active management style, while its tax-free core pension strategy returned 10.71%.

HOSTPLUS serves up online engagement

MATT WOODINGTON  |  WEDNESDAY, 13 JUL 2011
HOSTPLUS plans to repeat its social media campaign to place an apprentice chef in one of Australia's leading restaurants after generating high levels of member engagement, the Rainmaker Sales and Marketing Symposium heard today.

IOOF tweaks platform risk insurance for super

ALISON BEVEGE  |  WEDNESDAY, 13 JUL 2011
Financial services company IOOF has introduced changes to its platform risk insurance for superannuation, it said today.

Technology no help without standardisation

ALISON BEVEGE  |  TUESDAY, 12 JUL 2011
Employers will no longer be able to pay their superannuation obligations by cheque after 2014 when mandatory data standards come in, if SuperStream recommendations come to fruition, a superannuation expert has said.

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%.