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Superannuation

Single-issue advice soars 59pc: ESI Super

COMPANY RELEASE  |  WEDNESDAY, 28 APR 2010
Contrary to popular belief that Gen Yers are indifferent to their super savings, one super fund has recorded a 59 per cent jump in members seeking limited advice in the past three months.

HOSTPLUS and ME drop Melbourne Storm

MICHAEL HOBBS  |  FRIDAY, 23 APR 2010
HOSTPLUS and ME Bank have terminated their sponsorships with Melbourne Storm in the wake of the NRL scandal.

LUCRF invests in new cash account

COMPANY RELEASE  |  FRIDAY, 23 APR 2010
LUCRF Super has become the first investor in ME Bank's new Super Cash Management Account.

Kinetic wins CBUS mandate

RUTH LIEW  |  THURSDAY, 22 APR 2010
Kinetic Investment Partners has won a small-caps equities mandate from the $13 billion CBUS.

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.