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Superannuation

AustralianSuper pours $200m into Northcape Capital

COMPANY RELEASE  |  WEDNESDAY, 21 APR 2010
AustralianSuper has recently invested $200 million with specialist Australian small-caps fund manager Northcape Capital.

Cooper Review unveils MySuper, officially

MICHELLE BALTAZAR  |  TUESDAY, 20 APR 2010
The public could soon have access to a new superannuation product called 'MySuper', which is free from trailing commissions, charges no contribution fees and is much easier to understand, under proposals outlined by the Cooper Review today.

Less regulation, more action: Hartsuyker

RUTH LIEW  |  TUESDAY, 20 APR 2010
Axe the constraints, boost innovation - the shadow minister for superannuation, Luke Hartsuyker, said the Government should be encouraging innovative investment strategies from trustees, rather than limiting investors to standard investment choices.

Planner fees for super advice cost $1.3bn

ISN PRESS RELEASE  |  MONDAY, 19 APR 2010
Rainmaker Research has found that $1.3 billion of workers funds were redirected to financial planners in the form of commissions, including $550 million from compulsory (SG) super.

Astarra pain spreads to super funds

MICHELLE BALTAZAR  |  MONDAY, 19 APR 2010
Gaming group Tabcorp will be moving the superannuation accounts of 250 NSW TAB staff affected by the collapse of Astarra to CareSuper.

NZ Super axes GMO mandates

MEDIA RELEASE  |  MONDAY, 19 APR 2010
The $12 billion New Zealand Superannuation has terminated its global equity, non-US small-cap equity and multi-strategy equity mandates managed by GMO.

WA govt drops GESB mutualisation bid

MICHAEL HOBBS  |  FRIDAY, 16 APR 2010
The West Australian state government has terminated the mutualisation of GESB and is instead allowing the state's public servants to choose their fund.

UniSuper reviews illiquidity risk

RUTH LIEW  |  FRIDAY, 16 APR 2010
The $25 billion-plus UniSuper is intensely reviewing illiquidity risk across its investment portfolio - and while the fund currently has "limited appetite" for illiquid assets, it is not ruling out one or two more big ticket mandates in unlisted investments.

Equipsuper to merge with Vision Super

RUTH LIEW  |  THURSDAY, 15 APR 2010
Equipsuper and Vision Super have announced a proposal to merge - creating an $8.6 billion fund with more than 150,000 members.

Trustees urged to review power of attorney

MICHAEL HOBBS  |  THURSDAY, 15 APR 2010
Self managed super fund (SMSF) trustees should look over the fine print of their enduring powers of attorney documents for their fund because state and territory law can affect when and how that power is moved.