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Superannuation

ESI Super and SPEC Super confirm merger

PRESS RELEASE  |  MONDAY, 26 JUL 2010
ESI Super and SPEC Super have agreed to merge and create a $3.4 billion fund.

NRL stars join Auscoal Super

RUTH LIEW  |  MONDAY, 26 JUL 2010
Former Newcastle Knights captain Tony 'Butts' Butterfield and ex-Queensland State of Origin player, Adrian Vowles, have joined Auscoal Super's business relationship team.

US fin reforms win pension fund support

MEDIA RELEASE  |  THURSDAY, 22 JUL 2010
The biggest pension fund in the US, CalPERS, has applauded President Barack Obama's new federal financial reform law that holds credit rating agencies more accountable for their ratings and imposes tougher requirements on hedge funds.

Infrastructure mandates tough for super funds

RUTH LIEW  |  THURSDAY, 22 JUL 2010
Super funds investments into Australian infrastructure should be a win-win arrangement for both parties - but the current structures and projects remain too risky for institutional mandates, according to Asset Super.

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.