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Superannuation

QSuper selects SuperChoice

MICHAEL HOBBS  |  WEDNESDAY, 12 AUG 2009
The $24 billion QSuper appointed SuperChoice to enhance the fund's processing capabilities and assist members making contributions when they leave the public sector.

ISN to APRA: get on with it

APRA should get on with publishing its 'whole of fund' returns league tables, said the Industry Super Network (ISN).

Rio Tinto fund tightens buy/sell spread

RUTH LIEW  |  TUESDAY, 11 AUG 2009
The Rio Tinto Staff Superannuation Fund has decreased the buy/sell spreads to all of its investment options by 20 per cent, following an annual review.

YMCA fund introduces fixed interest

RUTH LIEW  |  MONDAY, 10 AUG 2009
The Australian YMCA Superannuation Fund has unveiled a new fixed income strategy for members, after having only a growth strategy as its default option.

Christian Super takes $30m cash strategy in-house

MICHAEL HOBBS  |  FRIDAY, 7 AUG 2009
Christian Super has pulled its $30 million cash mandate out of an external fund manager after the number of members invested in its cash option spiked from 0.5 to 8 per cent of its entire membership base.

ASIC cracks down on MIS scammer

ASIC RELEASE  |  FRIDAY, 7 AUG 2009
ASIC has turned its attention on a managed investment scheme (MIS) operator, James Kentwell Lovell, who allegedly fleeced $7.9 million from 200 investors, including self-managed super funds.

More reform through reviews: Bowen

RUTH LIEW  |  THURSDAY, 6 AUG 2009
Industry associations and financial services firms should not view the upcoming Henry and Cooper reviews with trepidation but rather as opportunities to improve the current system, said Chris Bowen, minister for financial services, superannuation and ...

VicSuper wins ACCA sustainability award

COMPANY RELEASE  |  THURSDAY, 6 AUG 2009
VicSuper has been announced the winner of ACCA's annual Sustainability Reporting Awards.

TWUSUPER ramps up fund features

RUTH LIEW  |  WEDNESDAY, 5 AUG 2009
A mid-sized Australian superannuation fund has revamped its investment switching, investment options and crediting rates arrangements to provide members with more choice and efficiency.

Intra-fund advice relief opens super funds to lawsuits

MICHELLE BALTAZAR  |  TUESDAY, 4 AUG 2009
Super funds run the risk of giving their fund members damaging financial advice if they don't address the "hidden traps" that come with the new intra-fund advice rules, warns a planning expert.