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Superannuation

REST announces formal name change

RACHEL DAVIS  |  THURSDAY, 12 MAY 2011
REST Superannuation has announced that it has officially changed its name to REST Industry Super.

Budget tweak to SMSF rules

ALISON BEVEGE  |  THURSDAY, 12 MAY 2011
Self-managed super fund trustees can relax after the Budget brought no great changes other than a $30 increase in levies and a curiously helpful legislative tweak, an industry expert said today.

UniSuper to shed mandates

ALISON BEVEGE  |  THURSDAY, 12 MAY 2011
Higher education superannuation fund UniSuper has topped the league tables for holding the most mandates in 2010 according to Rainmaker's latest Mandate Chaser report.

Budget 2011: CGT tax to restrict super trading

MATT WOODINGTON  |  WEDNESDAY, 11 MAY 2011
The government has moved to prevent superannuation funds, including SMSFs, from aggressively trading shares by making any resulting gains and losses subject to capital gains tax.

Macquarie top mandate catchers

ALISON BEVEGE  |  WEDNESDAY, 11 MAY 2011
Investment managers Macquarie Group won 20 new mandates last year - the most of any institution - putting it well ahead of second-placed Schroders according to the latest edition of Rainmaker's Mandate Chaser report.

NGS Super merger too late for tax relief

MATT WOODINGTON  |  TUESDAY, 10 MAY 2011
NGS Super expects to complete a merger with UCSuper by early 2012, missing out on capital gains tax relief, having signed a memorandum of understanding to create a combined $4.4 billion fund.

Trio compo draft regulations released

ALISON BEVEGE  |  TUESDAY, 10 MAY 2011
Superannuation funds have until next Monday to have their say on regulations governing the levy to raise $55 million in compensation for victims of the Trio Capital fraud.

Equities don't work in retirement

ALEX DUNNIN  |  TUESDAY, 10 MAY 2011
High equity weightings in accumulation superannuation are unsuited to retirement funds, presenting a big opportunity to life offices and super funds to create products that mimic the age pension.

Super fund drives member awareness

ALISON BEVEGE  |  MONDAY, 9 MAY 2011
Truckies, bus drivers and couriers will soon be very aware of who manages their super if all goes to plan for transport industry superannuation fund TWUSUPER.

Local super funds see potential in offshore property

ELISE BURGESS  |  FRIDAY, 6 MAY 2011
Local super funds, institutional and retail investors are buzzing around offshore property thanks to the strong Australian currency and dismal property values overseas, according to AXA Real Estate head.