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Superannuation

Bernie Fraser moves on from Cbus and AustralianSuper

ALISON BEVEGE  |  MONDAY, 18 APR 2011
Former Reserve Bank of Australia chairman Bernie Fraser has announced his retirement from the boards of industry superannuation fund giants Cbus and Australian Super.

ASFA wants action on tax relief

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
The Association of Superannuation Funds of Australia is heading to Canberra to lobby the Federal Government over capital gains tax relief, association chief Pauline Vamos told a packed Sydney luncheon yesterday.

Super merger on track

MATT WOODINGTON  |  FRIDAY, 15 APR 2011
Towers Watson has been retained by Queensland funds City Super and LGsuper, which are on course to complete their merger by the end of June.

Trustee fury prompts SMSF compo rethink

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
The peak self-managed super fund association wants the law to be changed to allow compensation for their trustees as anger mounts over the Trio fraud case.

$55 million for Trio super fraud victims

ALISON BEVEGE  |  WEDNESDAY, 13 APR 2011
Victims of the Trio Capital superannuation fund fraud will receive $55 million in compensation from a special levy, the Federal Government announced today.

Merged super funds coy on CEO decision

MATT WOODINGTON  |  WEDNESDAY, 13 APR 2011
Queensland's LGsuper to retain its name following merger with fellow local government super fund City Super but the chief executive of the combined business is yet to be announced.

Invesco switches quant team to value, ratings on hold

ALISON BEVEGE  |  TUESDAY, 12 APR 2011
Invesco's Wholesale Australian Share Fund has had its four-star rating placed on hold by Standard and Poor's after announcing Concord Capital would take over the fund's management.

Bank reaches for industry fund members

ALISON BEVEGE  |  MONDAY, 11 APR 2011
ME Bank is seeking to increase its customer base of industry fund and union members by marketing a new home loan directly through the work place.

Plum avgs 13.5pc member contrib.

ELISE BURGESS  |  FRIDAY, 8 APR 2011
Plum Super member contributions have reached an average of 13.5 per cent across its entire 180,000-member network thanks to its three-part member service plan.

Funds to talk insurance

ALISON BEVEGE  |  FRIDAY, 8 APR 2011
Superannuation funds could help solve Australia's underinsurance problem if they communicated more with members, AIA Australia's chief executive told the 2011 Life Insurance Conference in Sydney this week.