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Superannuation

Diageo funds deficits with whiskey

RUTH LIEW  |  FRIDAY, 2 JUL 2010
Premium drinks giant, Diageo, has agreed with its corporate scheme trustee to embark on a 10 year funding plan which includes investing in maturing whiskey to tackle its $1.5 billion deficit.

SCT chief Furlan talks tough on benefits

RUTH LIEW  |  THURSDAY, 1 JUL 2010
The head of the Superannuation Complaints Tribunal urges super funds to consider fresh ways to structure insurance within super, as one of the most common source of disputes is the conflict on insurance payouts.

UniSuper boosts insurance

COMPANY RELEASE  |  THURSDAY, 1 JUL 2010
The $25.4 billion UniSuper is improving its optional insurance cover by offering new and existing members more death and disablement cover at no extra cost, among other improvements.

School staff take up super advice: NGS Super

MICHELLE BALTAZAR  |  THURSDAY, 1 JUL 2010
Teachers are practicing what they preach, taking up the free financial advice services offered by NGS Super at an unprecedented rate in the last six months - proof that not everyone's indifferent about their retirement savings.

APRA dictates investment option labels

MICHAEL HOBBS  |  WEDNESDAY, 30 JUN 2010
The prudential regulator has drawn a line in the sand on how super fund investment options are to be labelled and announced it will introduce risk-based criterion for how diversified investment options will in the future be categorised.

REI Super re-signs Ibbotson

PRESS RELEASE  |  WEDNESDAY, 30 JUN 2010
REI Super has re-appointed Ibbotson Associates as its investment consultant for another three years.

State Street win $10 billion in mandates

RUTH LIEW  |  WEDNESDAY, 30 JUN 2010
State Street Global Advisors has won $10 billion in passive equity mandates from QSuper.

Bookmakers fund adopts liquidity strategy

RUTH LIEW  |  WEDNESDAY, 30 JUN 2010
The Bookmakers Superannuation Fund is removing switching restrictions to its conservative strategies, and dividing its balanced pension and accumulation options in a bid to reopen the fund which faced illiquidity problems during the GFC.

New benchmarks for better retirement: ASFA

MICHELLE BALTAZAR  |  TUESDAY, 29 JUN 2010
The Westpac ASFA Retirement Standard, which gives Australians a good indication of how much they need to save for retirement, has been adjusted to factor in modern comforts that used to be nice-to-haves but are now must-haves.

Delays for Military Super merger

RUTH LIEW  |  TUESDAY, 29 JUN 2010
The merger of the Military Super board, the Defence Force Retirement & Benefits Scheme Authority, and the ARIA Board will have to wait as the Senate did not get a chance to vote on the bill prior to the recess.