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Superannuation

NAB Super improves insurance

RUTH LIEW  |  WEDNESDAY, 23 JUN 2010
Corporate fund NAB Group Superannuation Fund has enhanced its insurance for members, including interim accident cover, terminal illness, rehabilitation and bereavement benefits.

Lessons from US pension funds in crisis

MICHELLE BALTAZAR  |  MONDAY, 21 JUN 2010
An academic paper that warns five US pension funds could run out of money in less than 10 years due to chronic underfunding and poor returns serves as a precautionary tale for local investors.

IQ Business grows 20pc due to Cooper Review

MICHAEL HOBBS  |  MONDAY, 21 JUN 2010
IQ Business Group has benefited from the Federal Government's review of the superannuation system, growing more than 20 per cent as trustees assess the potential impact.

CalPERS buys Gatwick Airport stake

PRESS RELEASE  |  MONDAY, 21 JUN 2010
The California Public Employees' Retirement System (CalPERS) has bought a 12 per cent stake in London Gatwick Airport from Global Infrastructure Partners for $178 million.

AIST alerts regulator on misleading campaign against super

MICHELLE BALTAZAR  |  FRIDAY, 18 JUN 2010
Superannuation body AIST rejects ad campaigns from mining groups claiming the proposed resources super profit tax (RSPT) will hurt retirement savings - and calls on ASIC to look into these "irresponsible" and "misleading" claims.

Tone down fund rivalry: Clitheroe

RUTH LIEW  |  FRIDAY, 18 JUN 2010
One of the most familiar faces in consumer finance, Paul Clitheroe, has urged super funds to reduce their fund ratings competitiveness, as these debates only exacerbate consumer confusion and impact their long-term savings.

Haddock appointed chairman of ACSRF

COMPANY RELEASE  |  FRIDAY, 18 JUN 2010
Former BNP Paribas deputy general manager, Richard Haddock, has been appointed as the new chairman of Australian Catholic Superannuation & Retirement Fund.

DiNapoli slams raid rumours

MEDIA RELEASE  |  THURSDAY, 17 JUN 2010
New York's State Comptroller, Thomas P. DiNapoli, has issued a statement condemning press reports that he will allow New York's $150 billion-plus pension fund to balance the state budget.

Multiport buys AR Group stake

COMPANY RELEASE  |  WEDNESDAY, 16 JUN 2010
Multiport has bought a stake in SMSF administration firm, AR Group.

AvSuper unveils intra-fund advice service

RUTH LIEW  |  WEDNESDAY, 16 JUN 2010
AvSuper joins the growing number of super funds that are using the intra-fund advice regulatory relief to engage members, with plans to roll out a full-fledged intra-fund advice service next month.