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Superannuation

LGsuper and City Super set merger date

ELISE BURGESS  |  MONDAY, 13 DEC 2010
The boards of LGsuper and City Super have given the green light for both funds to merge next year to create a $5 billion-plus fund with over 90,000 members.

HESTA supports nursing awards

MEDIA RELEASE  |  FRIDAY, 10 DEC 2010
The $16 billion HESTA has joined forces with the Australian General Practice Network to recognise front line health service providers through a national primary health care awards program.

Super up 8 pct to 1.28 tr

ALEX DUNNIN  |  FRIDAY, 10 DEC 2010
Superannuation assets climbed 8 per cent in the year to end September, more than twice the pace of returns over the same period reflecting a recovery in contribution levels.

AIA wins $160m Sunsuper mandate

RUTH LIEW  |  THURSDAY, 9 DEC 2010
AIA Australia cements its top spot as Australia's biggest group insurer after clinching a $160 million contract with Sunsuper.

Changes ahead for WA govt super

ALEX DUNNIN  |  THURSDAY, 9 DEC 2010
A report commissioned by the WA Treasurer into the GESB demutualisation said the proposal was not in members interests and recommends major changes to WA public sector superannuation arrangements.

Aon offers auto rebalancing service

RUTH LIEW  |  WEDNESDAY, 8 DEC 2010
Aon Master Trust enables its personal super members to better maintain their intended asset allocation and counter volatile markets through a new auto-rebalancing facillity.

Lift NZ retirement age to 67

ALEX DUNNIN  |  WEDNESDAY, 8 DEC 2010
The New Zealand Retirement Commissioner has recommended an increase in the country's retirement age to 67 but the proposal has been rejected by Prime Minister John Key.

Review after Military Super changes mandate

ELISE BURGESS  |  TUESDAY, 7 DEC 2010
Military Super's switch to Towers Watson as principle investment consultant results in a rating review for SCM Wholesale Absolute Australian Equities Fund.

ATO to review 10,000 SMSFs

ELISE BURGESS  |  MONDAY, 6 DEC 2010
The Australian Taxation Office (ATO) is auditing and reviewing over 10,000 self-managed super funds (SMSF) this financial year as it raises its compliance focus to protect retirement savings.

Super fund recovery 6pc but big funds fail to fire

ALEX DUNNIN  |  MONDAY, 6 DEC 2010
Super fund returns for the year to October have recovered to an average 6.6 per cent but it's the small funds and not the majors leading the way.