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Superannuation

Super up again to $1.2 tr

ALEX DUNNIN  |  FRIDAY, 11 DEC 2009
Superannuation assets have climbed for the second consecutive quarter to reach $1.2 trillion, fuelled by the record returns recovery and stable contribution flows.

CalSTRS adopts engagement code

COMPANY RELEASE  |  THURSDAY, 10 DEC 2009
The California State Teachers' Retirement System (CalSTRS) has become one of the first US pension funds to sign a new standard that outlines how to properly engage with companies they invest in.

Westpac Super improves insurance

RUTH LIEW  |  THURSDAY, 10 DEC 2009
The $2.5 billion Westpac Staff Super has changed the way it calculates death and TPD cover - introducing a tiered structure to better meet members' lifecycle insurance needs.

ETFs slash fund fees to 15bp

ALEX DUNNIN  |  THURSDAY, 10 DEC 2009
Australian trustees looking to slash fees should have a good look at the US public sector quasi-industry fund, the Thrift Savings Plan, that uses Exchange Traded Funds to deliver total fees of just 0.15 per cent.

SSFS ushers Asian Century in $1bn global equities overhaul

MICHELLE BALTAZAR  |  WEDNESDAY, 9 DEC 2009
State Super Financial Services has made a decisive move into emerging markets by carving out 10 per cent of its global equities allocation and transferring it into emerging markets strategies.

Local Govt Super upgrades property investments

PRESS RELEASE  |  WEDNESDAY, 9 DEC 2009
Local Government Super's (LGS) upgrade of its building investments could save more then $2 million energy costs.

IBM replaces Russell with JANA

RUTH LIEW  |  TUESDAY, 8 DEC 2009
The $1.4 billion IBM Australia Limited Superannuation Fund has changed its investment manager from Russell Investments to JANA Investment Advisers.

Super could post double-digit returns in 2010: research

Super funds could post double-digit returns next year after Rainmaker research found default investment options had recovered by three percentage points per month since Christmas last year.

Women in Super to grant $10,000 scholarship

MICHELLE BALTAZAR  |  MONDAY, 7 DEC 2009
Women in Super (WIS) members specialising in finance are invited to apply for a $10,000 scholarship to attend the Third AIST Global Dialogue in Hong Kong next year.

Trustees snub Asian equities

MICHELLE BALTAZAR  |  FRIDAY, 4 DEC 2009
Trustees of the country's largest super funds are yet to buy the Asia Growth story, with new research suggesting their asset allocation to the region will be around 2.8 per cent of their total portfolio, a tiny increase from the current 2.5 per cent ...