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Superannuation

Australians up on luck, down on savings

ELISE BURGESS  |  TUESDAY, 31 AUG 2010
A new report adds to mounting research that many Australians are ill-prepared for retirement with only one in 10 likely to have enough money to maintain their lifestyle once they quit the rat race.

Spoilt for investment choice

JOHN MCDULING  |  TUESDAY, 31 AUG 2010
When it comes to the number of investment options offered by super funds, Australians say 'less is more', research shows.

LGsuper and City Super in merger talks

RUTH LIEW  |  FRIDAY, 27 AUG 2010
Queensland government funds LGsuper and City Super are considering a merger to create a $5 billion-plus fund with over 90,000 members.

NGS Super takes fresh route to tap EM

ELISE BURGESS  |  FRIDAY, 27 AUG 2010
Speaking at the Rainmaker Marketing Symposium yesterday on how super funds and fund managers can collaborate more on investments, one super fund suggested the idea of creating tailored resources mandates.

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.