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Superannuation

MySuper proposal ignites storm

ALEX DUNNIN AND RUTH LIEW  |  THURSDAY, 15 APR 2010
Australia's superannuation market will be closed to new entrants under proposals by the Super System Review (SSR) that will shut down competition, entrench incumbents and force small funds to merge.

Super too complex to handle

MICHELLE BALTAZAR IS A MEDIA GUEST AT THE SECURITY ANNUAL CONFERENCE IN ADELAIDE  |  THURSDAY, 15 APR 2010
Relentless tinkering in superannuation rules has made the art of saving through super more like rocket science, driving many investors to make choices that could damage their financial health.

AustralianSuper awards QIC $500m mandate

RUTH LIEW  |  WEDNESDAY, 14 APR 2010
Australia's largest industry fund, the $30 billion-plus AustralianSuper, has poured $500 million into QIC Global Real Estate's QIC Property Fund - an investment that makes up 15.2 per cent of the super fund's total property portfolio.

More super funds to introduce performance pay: survey

MICHELLE BALTAZAR  |  TUESDAY, 13 APR 2010
Almost all super funds will have a performance component built into the remuneration packages of their senior management within the next five years, and there are more fundamental changes ahead in the way super fund executives and staff get paid as the ...

Health Super members get insurance boost

RUTH LIEW  |  TUESDAY, 13 APR 2010
No longer employed with a registered employer but still with Health Super? New insurance arrangements mean members can still receive cover despite ceasing employment with an employer.

Co-contribs bungle is costing taxpayers: Hartsuyker

MICHAEL HOBBS  |  MONDAY, 12 APR 2010
The Australian Tax Office's superannuation co-contribution suspension could cost taxpayers at least $1 million, according to shadow minister, Luke Hartsuyker.

ESI Super ramps up member support

PRESS RELEASE  |  MONDAY, 12 APR 2010
ESI Super is adding more resources to its Life Event program, a free service that provides assistance and advice to members that experience a life-changing event.

Westscheme drops GMO and BlackRock

MICHAEL HOBBS  |  FRIDAY, 9 APR 2010
Westscheme has dropped its emerging market equities mandates with GMO and BlackRock, appointing Schroders in their place.

Prime Super boosts insurance

RUTH LIEW  |  THURSDAY, 8 APR 2010
Prime Super has increased its insurance cover for members, slashed premiums and introduced online underwriting in its latest round of improvements.

Bill backed for calling placement agents lobbyists

COMPANY RELEASE  |  THURSDAY, 8 APR 2010
A US retirement assembly has backed a bill treating placement agents as "lobbyists", in a bid to help protect the integrity of the nation's two largest public pension funds.