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Superannuation

Forget brand and choices, members want performance

ALEX DUNNIN  |  THURSDAY, 11 NOV 2010
Just one day after results showed super funds have delivered paltry 4 per cent average returns, new research has confirmed that for members their number one priority is investment performance.

Trustees call to scrap MySuper

RUTH LIEW  |  THURSDAY, 11 NOV 2010
Two prominent superannuation industry experts have argued that MySuper should be axed, saying it will only worsen member complacency and completely fails to tackle the two major issues in super - engagement and adequacy.

Less options, more choice

MICHELLE BALTAZAR  |  WEDNESDAY, 10 NOV 2010
HESTA Super joins the growing number of super funds that have narrowed the list of investment options available to members post-GFC, but the fund took it a step further by removing one sub-asset class out of two key options altogether.

SuperChoice tags Australia Post for super

MEDIA RELEASE  |  WEDNESDAY, 10 NOV 2010
SuperChoice has collaborated with Australia Post on a superannuation account consolidation project that could reduce fees on unwanted extra accounts by $500 million over the next five years.

Super fund returns fall to just 3.7 pct

COMPANY RELEASE  |  WEDNESDAY, 10 NOV 2010
Poor share market returns are continuing to inflict damage on super funds with median returns for the 12 months to end September coming in at only 3.7 per cent.

LUCRF launches community trust

MEDIA RELEASE  |  TUESDAY, 9 NOV 2010
LUCRF Super has made charity work a key priority following the establishment a community partnership trust.

The SMSF debt binge

JOHN MCDULING  |  TUESDAY, 9 NOV 2010
Gearing used by self-managed super funds has doubled over the past two years, largely to fund purchases of property, a new study has found. And the debt binge looks set to continue with another 40 per cent of SMSFs ready to embrace gearing over the next ...

Calls to fast track higher SG: survey

ELISE BURGESS  |  TUESDAY, 9 NOV 2010
Three in five Australians want the government to introduce the law on raising compulsory superannuation payments (SG) sooner rather than later, according the latest ASFA survey.

MLC and HIP partner in insurance

ELISE BURGESS  |  MONDAY, 8 NOV 2010
MLC Group Insurance has partnered with Health Industry Plan (HIP) to develop group insurance enhancements for the fund's members, including a 20 per cent rise in death cover benefits.

SelectingSuper celebrates top 2010 funds

RUTH LIEW  |  FRIDAY, 5 NOV 2010
Asgard, CareSuper and Telstra Super were among the winners at this year's SelectingSuper Awards, which recognises Australia's top superannuation funds.