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Superannuation

No transparency, no mandates: ARIA

RUTH LIEW  |  FRIDAY, 13 NOV 2009
Hedge fund managers will need to drastically improve their transparency and communication strategies - or face losing mandates from institutional managers, including the $17 billion ARIA.

Super funds need to reset agenda: Cooper

RUTH LIEW  |  FRIDAY, 13 NOV 2009
Super funds must take control of their priorities and purpose - and address the current "funds management mentality" that prevails in the industry, said Jeremy Cooper, chair of the Superannuation Systems Review.

SMSFs not exempt from tough reviews: Bowen

RUTH LIEW  |  FRIDAY, 13 NOV 2009
Minister of superannuation Chris Bowen said self-managed super funds will not be exempt from strong government scrutiny - as the government cracks down on the sector's accountability, efficiency and governance issues.

Asset Super improves member insurance

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
Asset Super enhanced its life insurance cover for its members, which includes automatic stage cover improvements and lower fixed cover premiums.

Super is not for winning votes

MICHELLE BALTAZAR  |  THURSDAY, 12 NOV 2009
Australians boast a world-class superannuation system - but that enviable standing could be lost if the Government keeps using super as a political lever, industry experts warned.

Rising risks in liquidity

MICHELLE BALTAZAR  |  THURSDAY, 12 NOV 2009
Member investment choice (MIC), Lost Super and the 30-day portability rule are just three of many "hidden" variables that further complicates liquidity risk management for many super funds, said Howard Rosario, chief executive of Westscheme.

Adviser recruitment plagues super funds

RUTH LIEW  |  THURSDAY, 12 NOV 2009
One of the major hurdles facing super funds in the post intra-fund advice relief era is attracting and maintaining qualified advisers, said an industry expert.

Retirement worries worse than job loss

RUTH LIEW  |  THURSDAY, 12 NOV 2009
Put aside mortgage worries and losing one's job - Australians are more concerned about having enough money to retire on than keeping the family home and their work, new research by ASFA shows.

Equities could deliver zero returns: JANA

MICHELLE BALTAZAR  |  WEDNESDAY, 11 NOV 2009
JANA's longtime investment expert, Ken Marshman, predicts there's a 25 per cent chance that equities as an asset class will deliver low to zero returns over the next 20 years - a grim reality that should spur trustees to start lowering the risk in their ...

Super about national not personal savings: Morgan

RUTH LIEW  |  WEDNESDAY, 11 NOV 2009
Australia's growing current account deficit will inevitably lead to further policy action to increase national savings and the super industry will play a key role, said David Morgan, former chief executive of Westpac.