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Superannuation

Fund managers struggle to beat index

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
Active fund managers found it very difficult to beat benchmark performance indexes after fees in the first quarter, research house Morningstar has revealed.

Super funds turn to dark pools

ALISON BEVEGE  |  WEDNESDAY, 20 APR 2011
Large superannuation funds are talking to bulk share-trading venue provider Liquidnet Australia to quietly deal in large blocks of equities, the broker said yesterday.

Fund reaps reward in shopping centre debt

ALISON BEVEGE  |  WEDNESDAY, 20 APR 2011
Industry fund UniSuper has dipped into the debt markets, earmarking $250 million for Australian commercial mortgage backed securities.

Ansett trustees make a move

ELISE BURGESS  |  TUESDAY, 19 APR 2011
Super trustees for failed airline Ansett will finally issue an interim distribution statement to members of the Ansett Residual Superannuation Fund, some ten years after the collapse of the company.

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.