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Superannuation

CommBank Officers Super shuts property option

RUTH LIEW  |  WEDNESDAY, 26 AUG 2009
The $6 billion Commonwealth Bank Officers' Superannuation Fund is closing down its property option due to diversification and liquidity issues.

MasterSuper opens doors to all

RUTH LIEW  |  TUESDAY, 25 AUG 2009
The $570 million corporate superannuation fund MasterSuper has gone public offer to grow its membership base.

SMSFs miss Asian equities boom

RUTH LIEW  |  MONDAY, 24 AUG 2009
Australia's $326 billion self-managed super funds may be the fastest growing super fund sector to date, but research shows they are missing out on the Asian equities boom with their negligible exposure to international equities.

City Super adopts weekly unit pricing

RUTH LIEW  |  MONDAY, 24 AUG 2009
The $1.1 billion Brisbane-based City Super is now using weekly unit pricing to determine the value of members' investments - a shift away from its previous monthly declared rates.

UN PRI names de-listed signatories

COMPANY RELEASE  |  MONDAY, 24 AUG 2009
The United Nations Principles for Responsible Investment (UN PRI) has named the five de-listed signatories, which includes an Australian firm.

Caveat to APRA data: ASFA

ASFA MEDIA STATEMENT  |  FRIDAY, 21 AUG 2009
Super fund returns data released by the Australian Prudential Regulation Authority yesterday are of "very limited assistance" to consumers, said industry body ASFA.

CalPERS takes legal action against state furloughs

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
CalPERS, one of the largest US pension funds, has filed legal action seeking a judicial review of California's state-imposed furlough program - stating the scheme inhibits the fund's ability to meet its contractual responsibilities.

APRA launches data revolution

ALEX DUNNIN  |  THURSDAY, 20 AUG 2009
APRA has released its fund level returns data and in the process launched a revolution in the extent of data now available for researchers investigating superannuation.

ASIC cracks down on early release of super

ASIC RELEASE  |  THURSDAY, 20 AUG 2009
ASIC is charging Regina Faleono and Lucia Sini for the illegal early release of a combined $702,609 in members' funds.

Clock ticking for UK defined benefit schemes

COMPANY RELEASE  |  THURSDAY, 20 AUG 2009
Research has found half the UK companies with defined benefit pension schemes expect to close them to all employees in the next three years, forcing employees to rely on defined contribution schemes instead.