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Superannuation

Caution drives SMSFs to remain in cash: survey

PRESS RELEASE  |  TUESDAY, 9 MAR 2010
More than half of self managed super fund (SMSF) trustees are not planning to change their cash allocation, according to a new survey, despite more than a third of respondents stating over half their assets are parked in the asset class.

Planners as fiduciaries to drive industry growth

MICHELLE BALTAZAR  |  MONDAY, 8 MAR 2010
Financial planners stand to more than double their average revenue from $169k to $363k and help increase national savings by $117 billion in 15 years if the Government pushes through with industry reforms including a legal requirement that planners act ...

Schroders scoops intl equities mandate

MICHELLE BALTAZAR  |  MONDAY, 8 MAR 2010
Schroder Investment Management Limited (Schroders) has won an international equities mandate with WA-based fund GESB.

UniSuper rejigs equities, combines cash and FI

RUTH LIEW  |  MONDAY, 8 MAR 2010
The $25 billion UniSuper has restructured its Australian and international equities allocations within its eight pre-mixed investment options, and combined cash and fixed interest under one asset class.

AustralianSuper revamps retirement investment path

MICHAEL HOBBS  |  MONDAY, 8 MAR 2010
AustralianSuper is introducing a new age-based default for pension members and implementing a different path for those moving from accumulation to pension phase.

Women make up 30 pc of trustees

ALEX DUNNIN  |  MONDAY, 8 MAR 2010
Days after Greens Senator Sarah Hanson-Young called for 40 per cent of board directors of Australia's Top 200 ASX listed companies to be women, research by Rainmaker released today on International Women's Day confirmed that not even not-for-profit funds ...

Future Fund behind Azerbaijan on transparency

MICHAEL HOBBS  |  FRIDAY, 5 MAR 2010
The sovereign wealth fund transparency index has found that Australia's $66 billion Future Fund is slightly less transparent than SWFs of the United Arab Emirates (UAE), New Zealand and Azerbaijan.

Super has no competition, no innovation: ISN

ALEX DUNNIN  |  THURSDAY, 4 MAR 2010
Market failure in superannuation is so profound that the most innovative player is the regulator, said David Whiteley, chief executive of the Industry Super Network.

ASSET Super appoints LGT Capital

MICHAEL HOBBS  |  WEDNESDAY, 3 MAR 2010
ASSET Super has committed $50 million to invest with secondary market private equity investment firm, LGT Capital.

Military Super reforms under senate scrutiny

RUTH LIEW  |  WEDNESDAY, 3 MAR 2010
The senate is holding an inquiry into military and civilian superannuation reforms proposed by the Federal Government - including the management merger of civilian and military schemes.