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Superannuation

Prime Super restructures equities portfolio

RUTH LIEW  |  THURSDAY, 2 DEC 2010
The $1 billion-plus Prime Super has overhauled its $570 million equities portfolio and withdrew mandates with State Street, BlackRock and BGI, while the fund looks for alternative assets to add to its investments.

US considers retirement reforms

JOHN MCDULING  |  THURSDAY, 2 DEC 2010
As part of a broader effort to get the US debt position under control, President Obama's deficit commission has proposed raising the retirement age and commencing a serious discussion around increasing retirement savings.

Asset Super awards mandates

MEDIA RELEASE  |  WEDNESDAY, 1 DEC 2010
Antin Infrastructure Partners, Schroders and Dimensional Fund Advisors are among the managers that have won mandates from the $1.5 billion Asset Super, following recommendations from the fund's consultant, Mercer.

MTAA halts new money to 'illiquid' option

RUTH LIEW  |  WEDNESDAY, 1 DEC 2010
The $5.7 billion MTAA Super Fund is closing its Target Return Option to new money, as part of the fund's plan to align its liquidity policy with best practice guidelines and proposed APRA reforms.

HOSTPLUS improves insurance, maintains fees

ELISE BURGESS  |  WEDNESDAY, 1 DEC 2010
HOSTPLUS has upgraded its insurance cover and kept member fees unchanged as part of a three-tier strategy to improve member services.

Bite sized super at Telstra

MEDIA RELEASE  |  TUESDAY, 30 NOV 2010
The $10 billion-plus Telstra Super launched a series of short and sharp informative web videos for members to get involved with their super.

VicSuper restructures asset allocation

RUTH LIEW  |  MONDAY, 29 NOV 2010
The $7.7 billion VicSuper has reallocated 5 per cent of its property portfolio to fixed interest, reduced its private equity holdings, and aimed to hedge 65 per cent of its international equities portfolio as part of its investments update in the last ...

New investment consultant for MilitarySuper

MEDIA RELEASE  |  FRIDAY, 26 NOV 2010
Towers Watson has been appointed as the principal investment consultant for the Military Superannuation and Benefits Scheme (MilitarySuper).

AMP Flexible Super records $1bn in FUM

RUTH LIEW  |  THURSDAY, 25 NOV 2010
AMP plans to broaden the consumer appeal of its low-cost Flexible Super product next year, after the new offering reached the $1 billion in funds under management mark within six months.

AustralianSuper to hit $110bn by 2020

RUTH LIEW  |  WEDNESDAY, 24 NOV 2010
AustralianSuper intends to triple its funds under management from the current $33 billion to $110 billion in the next ten years using a five-pronged growth strategy, including buying and merging with other super funds.