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Superannuation

Hybrid banking account wins $1bn super

RUTH LIEW  |  FRIDAY, 20 AUG 2010
Westpac-owned BT Financial Group's experiment three years ago to launch a savings account-and-super product has turned into a billion-dollar success, proving there is a way to get everyday Australians involved with their super.

AvSuper takes legal action against big fund

RUTH LIEW  |  THURSDAY, 19 AUG 2010
Canberra-based super fund AvSuper Pty Ltd has lodged legal proceedings against Commonwealth Managed Investments Limited and Colonial First State Property Limited over the meaning of an agreement regarding the super fund's entitlements in the Commonwealth ...

Retirees using super for lifestyle, not income streams

ALEX DUNNIN  |  THURSDAY, 19 AUG 2010
Many retirees are unaware of what retirement products are and still see their nest egg's main purpose is to fund lifestyle needs, regardless of the industry-wide trend towards income streaming of retirement payments, reveals new research.

Lite Super website pulled down

ELISE BURGESS  |  WEDNESDAY, 18 AUG 2010
It appears that yet another no frills, low-cost online retail super product has disappeared from the market after BankWest's Lite Super product and website has been pulled down.

HOSTPLUS hires AustralianSuper comms consultant

COMPANY RELEASE  |  WEDNESDAY, 18 AUG 2010
HOSTPLUS has appointed former AustralianSuper senior communications consultant, Michelle Brown, as national marketing programs manager.

Election campaign ignores seniors

ALEX DUNNIN  |  TUESDAY, 17 AUG 2010
The election campaign has bypassed too many key issues important to older Australians, according interests groups that aim to represent the segment.

Australia's funds industry lacks leadership

ALEX DUNNIN  |  FRIDAY, 13 AUG 2010
Australia's funds industry might lead the world in terms of government policy, but is badly let down by its poor leadership, said Roger Urwin, global head of investment content at asset consultant Towers Watson.

SuperStream to deliver $20bn in savings

RUTH LIEW  |  THURSDAY, 12 AUG 2010
Super funds will be able to save up to $20 billion over the next decade with the implementation of SuperStream - but the Government and Opposition will have to work hand in hand to see the savings passed down to members, according to the FSC.

Global and Asian mandates up for grabs

RUTH LIEW  |  WEDNESDAY, 11 AUG 2010
Australian domiciled international equities fund managers seeking mandates should look at the London Borough of Redbridge Pension Fund, which is keen to award $270 million in funds to global shares managers.

Time to lift operational reserves: Mercer

ALEX DUNNIN  |  WEDNESDAY, 11 AUG 2010
Funds need to ramp up their operational reserves, according to new research from Mercer.