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Superannuation

Custodians under review

MICHAEL HOBBS  |  WEDNESDAY, 4 NOV 2009
Having spent much of the past 18 months chopping and dicing investment mandates, super funds are now turning their attention on their custody contracts and how their custodian performed during the GFC.

Pension fund head gets jail sentence

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
The former head of a Swiss teachers' pension fund has been sentenced to four years imprisonment after being convicted of a string of offences including fraud and embezzlement.

Child Care Super cuts fees, boost insurance

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
Retail fund Australian Child Care Super Fund is introducing a new tiered fee structure to lower costs for members, and upgraded its insurance cover last month.

EISS appoints Mercer as consultant

RUTH LIEW  |  TUESDAY, 3 NOV 2009
The $2 billion plus NSW-based Energy Industries Superannuation Scheme has appointed Mercer as its new asset consultant.

Plum wins NAB Super mandate

RUTH LIEW  |  TUESDAY, 3 NOV 2009
Plum Financial Services' assets under administration are set to reach $11.2 billion after the $2.9 billion NAB Group Superannuation Fund subcontracted its administration services to Plum.

SMSFs tip more into international equities

RUTH LIEW  |  TUESDAY, 3 NOV 2009
SMSF allocation to international equities has increased for the first time in 18 months, a change in sentiment that bodes well for global equities managers hoping to tap into the country's fastest growing super segment.

Maritime Super picks AIA for insurance

MICHAEL HOBBS  |  MONDAY, 2 NOV 2009
Maritime Super has selected AIA Australia as its group insurer for its 15,000 members following the merger of the Stevedoring Employees Retirement Fund (SERF) and Seafarers Retirement Fund (SRF) in March this year.

Telstra Super seeks investment experts

RUTH LIEW  |  FRIDAY, 30 OCT 2009
Australia's largest corporate super fund, Telstra Super, is looking to for a property portfolio manager and alternatives professional to join its investment team.

AMP wins Asset Super mandate

COMPANY RELEASE  |  THURSDAY, 29 OCT 2009
AMP has won a mandate from the $1.2 billion Asset Super to manage its socially responsible investment option.

Super should not be compulsory: Cox

RUTH LIEW  |  THURSDAY, 29 OCT 2009
Eva Cox, a woman's rights advocate and social activist, said super should not be compulsory for all Australians - and lambasted the industry for failing to meet the savings needs of the wider Australian public.