Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

SEC charges New Jersey with fraud

RUTH LIEW  |  FRIDAY, 27 AUG 2010
The US financial watchdog has cracked down on the state of New Jersey for securities fraud pertaining to fake municipal bond offerings and underfunding two of the state's largest pension funds.

NGS Super considers Shariah-compliant option

ELISE BURGESS  |  FRIDAY, 27 AUG 2010
NGS Super is looking to launch a Shariah-compliant investment option based on the feedback from the Islamic members of the fund.

Record inflows into legalsuper

RUTH LIEW  |  THURSDAY, 26 AUG 2010
Non-employer contributions into legalsuper have increased by a record rate last year despite the halving of contribution caps and continued investment uncertainty, according to the fund.

AustralianSuper retains $1bn Concord mandate

RUTH LIEW  |  WEDNESDAY, 25 AUG 2010
AustralianSuper's $1 billion Australian equities mandate with Concord Capital will remain in place following Invesco Australia's buyout of Concord, confirmed a senior investment executive at the $30 billion-plus industry fund.

AustralianSuper seizes infra leadership

ALEX DUNNIN  |  WEDNESDAY, 25 AUG 2010
Demand for more infrastructure investment creates huge investment opportunities for super funds, and AustralianSuper intends taking a leadership role.

StatewideSuper renews MetLife insurance deal

MEDIA RELEASE  |  TUESDAY, 24 AUG 2010
South Australia-based StatewideSuper has re-appointed MetLife as the fund's insurer.

REST Super taps Asia directly

RUTH LIEW  |  TUESDAY, 24 AUG 2010
REST Super has awarded a $25 million Asian equities mandate to Cooper Investors - the first time the $17 billion-plus industry fund has forayed into direct Asian equities investments.

ASFA calls on Cooper to aid SuperStream reforms

MICHELLE BALTAZAR  |  MONDAY, 23 AUG 2010
The Association of Superannuation Funds of Australia (ASFA) has called on Jeremy Cooper, chair of the Super System Review panel, to write a paper that will outline the right framework to deliver key SuperStream reforms.

Nothing to fear in hung parliament

JOHN MCDULING  |  MONDAY, 23 AUG 2010
The financial services industry is still digesting the ramifications of Saturday's election cliffhanger, which has given Australia its first hung parliament since 1940.

Funds with freebies

ELISE BURGESS  |  MONDAY, 23 AUG 2010
In what is fast becoming a trend, many super funds now offer freebies or perks to their members in return for their continued loyalty.