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Superannuation

Russell readies for intra-fund advice

COMPANY RELEASE  |  WEDNESDAY, 6 OCT 2010
Russell Investments is on track to roll out intra-fund advice as part of its administration model upgrades.

SMSFs more sensitive to advice fees: report

JOHN MCDULING  |  TUESDAY, 5 OCT 2010
The global financial crisis has made self-managed super fund (SMSF) trustees more sensitive to fees, with 15 per cent of those surveyed in a new Investment Trends research expecting to pay less to access financial advice.

CalPERS shifts $1bn to GID

ELISE BURGESS  |  TUESDAY, 5 OCT 2010
US pension fund CalPERS has consolidated its $1.1 billion core multifamily apartment portfolio to long-term partner GID Investment Advisers LLC (GID).

Treasury rebuffs MySuper critics

ALEX DUNNIN  |  TUESDAY, 5 OCT 2010
A major speech given by senior Treasury officials shows how critics of MySuper are missing the point that there is a fundamental shift taking place in how policymakers believe the industry should factor in behavioral economics.

Align preservation and retirement age: DoFD

ALEX DUNNIN  |  TUESDAY, 5 OCT 2010
The superannuation preservation age should be aligned with pension age and more means testing of benefits will be needed to contain superannuation costs, the Commonwealth Department of Finance and Deregulation (DoFD) has told the incoming government.

BT Super for Life hits $1bn FUM

JOHN MCDULING  |  FRIDAY, 1 OCT 2010
BT Super for Life has topped the $1 billion in funds under management mark, less than three years after launching, and based on the average fees of its competitors, the company said that it had saved its 200,000 customers some $10 million in fees.

BlackRock to develop super SMA

JOHN MCDULING  |  WEDNESDAY, 29 SEP 2010
BlackRock, one of the pioneers of separately managed accounts (SMA) in Australia, revealed plans to launch a superannuation version of its customised portfolio service next year.

Military Super CEO resigns, AGEST chief takes over

RUTH LIEW  |  WEDNESDAY, 29 SEP 2010
Michael Seton, chief executive of AGEST Super, has accepted the role of chief executive at Military Superannuation and Benefits Scheme following Paul Watson's resignation.

Super tax breaks unaffordable: Treasury

ALEX DUNNIN  |  WEDNESDAY, 29 SEP 2010
Australia can't afford the rising and inequitable cost of superannuation tax concessions, said Treasury in its Red Book briefing to the returned ALP government.

Intrust rolls out advice

RUTH LIEW  |  TUESDAY, 28 SEP 2010
Industry fund Intrust Super has launched a full financial planning service called Intrust360.