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Superannuation

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.

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.