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Superannuation

Retiree living costs fall despite CPI jump

NEWS RELEASE  |  TUESDAY, 12 OCT 2010
The aggregate costs for a couple living comfortably in retirement fell by 0.2 per cent in the June quarter of 2010, figures from the latest Westpac ASFA Retirement Standard show.

SuperSA offers members IFFP services

JOHN MCDULING  |  TUESDAY, 12 OCT 2010
Super SA joins the growing number of super funds that offer members the option to have a complete financial plan drawn up and two months since launch, the fund is averaging three appointments per day from enquiring members.

AMIST Super takes driver's seat on cash and bonds

MICHELLE BALTAZAR  |  TUESDAY, 12 OCT 2010
AMIST Super makes full use of its newly-established internal investment team by taking a cash mandate in-house and working closer with one of its existing fund managers on a bond mandate.

NAB Super eases hedging as dollar soars

RUTH LIEW  |  THURSDAY, 7 OCT 2010
NAB Super has increased its currency exposure and lowered its international shares currency hedge, as the Aussie dollar continues to defy gravity.

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.