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Superannuation

Legalsuper member contributions rise

COMPANY RELEASE  |  TUESDAY, 2 MAR 2010
Legalsuper has seen its voluntary member contributions increase by 6 per cent for the previous year - a stark contrast to APRA figures that show contributions plummeting almost 40 per cent across the industry over the same period.

ESI Super targets younger members on advice

RUTH LIEW  |  TUESDAY, 2 MAR 2010
Gen Y super fund members are a fickle lot - a trend ESI Super recognises and is hoping to change by engaging younger members with its new financial planning strategy.

AMIST backs after-tax benchmarking

MICHAEL HOBBS  |  MONDAY, 1 MAR 2010
AMIST Super has become the first super fund to adopt the FTSE ASFA Australia after-tax benchmarks for its Australian equities managers.

State Super Fin Services CIO resigns, takes VIC Super post

MICHELLE BALTAZAR  |  FRIDAY, 26 FEB 2010
The chief investment officer of State Super Financial Services, Oscar Fabian, will be the new CIO of the $7 billion fund VIC Super effective April this year.

Longevity swaps to top £10bn

MICHELLE BALTAZAR  |  THURSDAY, 25 FEB 2010
UK-based pension schemes are wising up to longevity risk with one research firm predicting that the longevity swaps market could more than double this year.

Fees secondary to return: Qantas Super

RUTH LIEW  |  WEDNESDAY, 24 FEB 2010
Super funds should prioritise delivering strong net investment returns over finding ways to cut fees - an issue that has been swept aside as fee debates heat up, said Qantas Super chief executive, Janet Torney.

Gen Y super members paying triple tax

RUTH LIEW  |  TUESDAY, 23 FEB 2010
What the Gen Y giveth, the tax man taketh away. Super fund REST hopes to help 300,000 of its Gen Y members avoid paying a high 46.5 per cent tax on their super by educating them on those three little words.

Fees freeze on maternity leave at Virgin Super

RUTH LIEW  |  TUESDAY, 23 FEB 2010
Coinciding with the month of Mardi Gras celebrations, Virgin Super is cutting "unfair fees" charged to parents and same-sex partners with children on maternity and paternity leave.

Pensions fail to direct manager voting

COMPANY RELEASE  |  TUESDAY, 23 FEB 2010
The majority of investment managers say they vote most of their pension fund clients' proxies at their own discretion - without instructions or guidance from their clients.

Russell wins OneSteel mandate

COMPANY RELEASE  |  MONDAY, 22 FEB 2010
Russell has snagged one of the biggest master trust mandates when OneSteel outsourced its $1.1 billion corporate fund to the Russell Super Solution Master Trust (SSMT).