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Superannuation

Seniors warn Coalition on super policy

ALEX DUNNIN  |  WEDNESDAY, 21 JUL 2010
Australia's largest seniors' organisation, National Seniors Australia, has warned the Coalition to scrap its plans to block the SG increase and the lifting of the SG age limit from 70 to 75.

Business still unhappy with SG increase

ALEX DUNNIN  |  TUESDAY, 20 JUL 2010
Business groups are still resisting the increase in the Superannuation Guarantee levy, with 19 groups signing a declaration that they remain opposed to the increase despite the government's mining tax deal.

Coalition's IR commitment locks in Award default funds

ALEX DUNNIN  |  TUESDAY, 20 JUL 2010
The Coalition's small target election strategy for industrial relations and their commitment to stick with the government's Fair Work Act means there will be no change to how default super funds are nominated in Awards.

New regular payment plans at NSF

RUTH LIEW  |  MONDAY, 19 JUL 2010
NSF Super has introduced a new regular payment plan option for retiring members.

US pension funds get $800m from class action

MEDIA RELEASE  |  MONDAY, 19 JUL 2010
Three Ohio pension funds have won a $840 million settlement from AIG after the insurer agreed to settle claims of accounting violations and stock price manipulation, in the tenth-largest securities class action settlement in U.S. history.

Business still unhappy with SG increase

ALEX DUNNIN  |  MONDAY, 19 JUL 2010
Business groups are continuing to resist the increase in the Superannuation Guarantee levy, with 19 signing a declaration that they remain opposed to the increase despite the government's mining tax deal.

Competition for ASFA awards heats up

FINANCIAL STANDARD WRITERS  |  FRIDAY, 16 JUL 2010
Superannuation marketers and communication managers will soon have the chance to go head to head with their peers at the Association of Superannuation Funds of Australia (ASFA) Communications Forum and Awards next week.

Maritime Super backs internal admin for merged fund

MICHAEL HOBBS  |  FRIDAY, 16 JUL 2010
Maritime Super chief executive, Peter Robertson, believes the administration of the proposed merger between the fund and Auscoal Super would run more efficiently on an internal system, instead of an outsourced provider.

Russell gains corp super client

PRESS RELEASE  |  THURSDAY, 15 JUL 2010
Russell Investments has been appointed by packaging group Amcor to manage its $850 million corporate superannuation fund.

Legalsuper puts custody to tender

RUTH LIEW  |  THURSDAY, 15 JUL 2010
The $1.3 billion legalsuper is tendering its custody mandate for the first time in eight years.