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Superannuation

ASFA elects new chair, board members

ASFA RELEASE  |  MONDAY, 16 NOV 2009
Tony Lally, head of Sunsuper, has been elected as the new ASFA Chair, replacing former chair Greg Healy.

Christian Super invests $50m in fixed income

MICHAEL HOBBS  |  MONDAY, 16 NOV 2009
Christian Super seeds the AMP Capital Investors Responsible Investment Leaders Diversified Fixed Income Fund with a $50m mandate.

State Street wins $2.2bn Canadian mandate

COMPANY RELEASE  |  MONDAY, 16 NOV 2009
State Street has been appointed by the Canadian-based $2.2 billion Saskatchewan Teachers Federation to provide investment services to the pension plan.

What gets measured, gets done

MICHELLE BALTAZAR  |  FRIDAY, 13 NOV 2009
Super fund consultants urged trustees to "sweat the detail" of how they measure fund strategy outcomes or risk failing to complete their strategies on time and on budget.

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.