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Superannuation

Financial Standard finalist in ACSI Media Award

Financial Standard journalist Michael Hobbs was the runner-up at this year's Australian Council of Super Investors (ACSI) Media Award, an award that recognises outstanding work on reporting corporate governance issues.

More ATMs for SuperVantage users

RUTH LIEW  |  FRIDAY, 2 OCT 2009
Vision Super-backed SuperVantage Account holders can now access their five free monthly ATM transactions across any rediATM or NAB machines throughout Australia.

Today is the International Day of Older Persons

ALEX DUNNIN  |  THURSDAY, 1 OCT 2009
By lunchtime today Australia's population is expected to break through 22 million, there are 2.7 million Australians over the age of 65 and today is the International Day of Older Persons.

Super fund exec pay under fire

MICHELLE BALTAZAR  |  WEDNESDAY, 30 SEP 2009
With shareholders in revolt about excessive remuneration pay of listed companies despite the market fallout, the focus is now on the remuneration pay of super fund executives, with WA Treasurer Troy Buswell reportedly attempting to block the chief exec ...

APRA stresses super client burden

MICHAEL HOBBS  |  WEDNESDAY, 30 SEP 2009
John Trowbridge, executive member at Australian Prudential Regulation Authority (APRA), has highlighted the pressure group insurers are under to attain and keep contracts with large super funds.

BUSS(Q) seeks Asian exposure

RUTH LIEW  |  WEDNESDAY, 30 SEP 2009
The $1.5 billion BUSS(Q) is looking to award a $30 million Asia ex-Japan mandate, and has terminated investments with QIC, Dexion, Warakirri Asset Management and Morgan Stanley.

More room to slash super fees

MICHELLE BALTAZAR  |  TUESDAY, 29 SEP 2009
Admin and investment fees charged by major Australian super funds are on par, if not better, than those charged by similar funds in the US, the UK and Japan - but more can be done to lower overall costs to the average fund member, a global study found.

TWUSUPER rejigs investment mandates

RUTH LIEW  |  TUESDAY, 29 SEP 2009
The $2 billion TWUSUPER has cut its exposure to domestic listed property trusts to focus solely on international LPTs, and is considering allocating more funds to credit, infrastructure, emerging markets and hedge fund managers.

Super funds should own fund managers: Gray

RUTH LIEW  |  MONDAY, 28 SEP 2009
Superannuation funds should "own" the fund managers they award mandates to if funds wanted to slash agency costs and remove excessive choice, said industry veteran, Jack Gray.

Aus custody back on uptrend, NCS still tops

ACSA RELEASE  |  MONDAY, 28 SEP 2009
The Australian custody industry has posted a 3 per cent growth in total assets under custody to $1.68 trillion in the six months to June, with National Custodian Services (NCS) still the biggest player in the sector.