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Superannuation

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.

Industry funds in NRL grand final

RUTH LIEW  |  MONDAY, 28 SEP 2009
Industry funds have won their way into the NRL grand finals with HOSTPLUS and ME Bank set to take center stage as major sponsors of the Melbourne Storm, who face the Parramatta Eels this weekend.

Agriculture wins pension fund mandates

RUTH LIEW  |  MONDAY, 28 SEP 2009
Australian superannuation funds are 18 months behind their UK counterparts which are increasingly awarding mandates to agriculture investments, said an industry expert.

SMSFs snap up blue chip shares

RUTH LIEW  |  FRIDAY, 25 SEP 2009
Self-managed super fund trustees are now placing blue chip shares on the top of their buying list after brushing off last year's market carnage, research shows.

Trinity files $1m lawsuit

MICHELLE BALTAZAR  |  THURSDAY, 24 SEP 2009
Listed company Trinity has filed a lawsuit against former Labor Party staffer Ross Daley and his company, Veritate, in a bid to recover $1 million paid to Daley "by mistake".

Asset Super pumps up insurance

RUTH LIEW  |  THURSDAY, 24 SEP 2009
Asset Super is introducing automatic life stage increases to members' insurance, and boosting the sum insured to each unit of standard cover in a bid to tackle underinsurance.

Legalsuper seeks hedge funds

RUTH LIEW  |  WEDNESDAY, 23 SEP 2009
The $1.2 billion legalsuper is looking to allocate mandates to hedge fund and credit investment managers.