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Superannuation

SMSFs breach less ATO rules

COMPANY RELEASE  |  WEDNESDAY, 17 MAR 2010
Self managed super fund trustees are heeding the Australian Taxation Office's warning about breaching fund rules, but ongoing problems - including giving personal loans to members - continue to plague the sector.

Open letter to trusted trustees

MICHELLE BALTAZAR  |  WEDNESDAY, 17 MAR 2010
Trustees should use their collective muscle to punish investment managers and listed company directors who are robbing investors blind through capital raisings and deals that ultimately destroy shareholder value, said a governance expert.

NZ Super returns 17pc

PRESS RELEASE  |  WEDNESDAY, 17 MAR 2010
The New Zealand Superannuation Fund returned more than 17 per cent for the financial year to date at the end of February this year - a $2.3 billion net gain.

Hands off SMSFs, warns assoc

ALEX DUNNIN  |  WEDNESDAY, 17 MAR 2010
It's war. The Australian Investors Association (AIA), which claims to represent 2,000 self managed super fund investors, has told the government to keep its hands off the sector and forget about trying to impose any new compliance requirements.

Instos still lukewarm on climate change risk

MICHELLE BALTAZAR  |  TUESDAY, 16 MAR 2010
Eight super funds, including AustralianSuper, are spearheading the move to better assess climate change risks on long-term returns, but the industry, as a whole, is still moving at a glacial pace on all thing carbon, a survey shows.

Angel in the detail: Cooper's cost cutting measures

MICHELLE BALTAZAR  |  TUESDAY, 16 MAR 2010
Jeremy Cooper, head of the Super System Review, estimates super funds can save up to $1 billion in costs by doing little things that add up to mean a lot.

On the shoulders of giants

MICHELLE BALTAZAR  |  MONDAY, 15 MAR 2010
Today's generation of super trustees are reaping the fruits of the Labor movement that started modern super decades ago - now it's their turn to give something back by solving the next set of challenges involving superannuation adequacy, scale and fees.

ACSRF supports Catholic Schools Week

COMPANY RELEASE  |  MONDAY, 15 MAR 2010
The Australian Catholic Superannuation & Retirement Fund is supporting Catholic Schools Week for the fourth year in a row to help improve financial literacy.

Admins team up for rollover revolution

RUTH LIEW  |  FRIDAY, 12 MAR 2010
Three of the country's biggest administrators - AAS, Pillar Administration and Superpartners - are joining forces to set up a standard of protocols for fund rollovers.

Diversify risk, not assets

RUTH LIEW  |  FRIDAY, 12 MAR 2010
The best risk management tool any investor can have is a culture of awareness to diversify risk - not just assets, said one industry expert.