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Superannuation

Aon ramps up insurance and pensions

MEDIA RELEASE  |  TUESDAY, 3 AUG 2010
The $1.5 billion Aon Master Trust has improved its insurance cover, boosted its pension capabilities and launched an asset allocation calculator as it builds on its suite of services.

Art lobby wins fight to keep SMSFs art-friendly

SPAA MEDIA STATEMENT  |  MONDAY, 2 AUG 2010
The Federal Government has endorsed the Cooper Review's key MySuper reforms but in a major victory for the art industry and self-managed super fund trustees, it said that it won't adopt the move to ban SMSFs from investing in 'collectables'.

Gen-Y super Individuum shuts down

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
IOOF-owned online super fund for Gen-Yers, Individuum, has been closed down with funds pooled to one of the parent company's superannuation options.

Corrupt city officials face pension freeze

RUTH LIEW  |  MONDAY, 2 AUG 2010
Pension fund CalPERS has used its administrative powers to suspend the pension accounts of city officials, one of whom allegedly earned a 'secret' annual salary of US$800,000.

MySuper gets Government tick

RUTH LIEW  |  MONDAY, 2 AUG 2010
The Gillard Government has approved the MySuper reforms as part of its agenda to boost Australians' retirement incomes.

Industry backs MySuper reforms

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
Superannuation industry associations have welcomed the government's MySuper reforms but one industry body said more should be done to protect and encourage competition within the market.

Mandatory trustee pay disclosure draws debate

MICHELLE BALTAZAR  |  FRIDAY, 30 JUL 2010
Proposed trustee governance reforms will fix many of the regulatory gaps in the system, but Cooper Review panelist Sandy Grant questions adopting 'listed company' type governance measures, such as mandatory pay disclosure, just for the sake of having ...

First SG raise costs no more than a cuppa

MEDIA RELEASE  |  FRIDAY, 30 JUL 2010
Employers should not panic about the business costs of the move towards 12 per cent super, with the first rise to cost no more than a cup of coffee a week, according to the Australian Institute of Superannuation Trustees (AIST).

ESI Super overhauls $800m Aus equities portfolio

RUTH LIEW  |  THURSDAY, 29 JUL 2010
ESI Super has terminated a major Australian equities mandate with QIC and appointed five new managers to the asset class following a restructure of its $800 million Australian equities portfolio.

Women in Super help raise $2.1m for breast cancer

COMPANY RELEASE  |  THURSDAY, 29 JUL 2010
Australians across the country helped raise $2.1 million for research into the prevention and cure of breast cancer in this year's Women in Super Mother's Day Classic.