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Superannuation

IAG & NRMA fund rejigs insurance

RUTH LIEW  |  WEDNESDAY, 29 JUL 2009
The IAG & NRMA Superannuation Plan has re-appointed CommInsure as its insurer, repriced its insurance premiums and is boosting social, environmental and corporate governance strategies following its signing of the UN PRI.

Cuscal partners with Payment Adviser

COMPANY RELEASE  |  WEDNESDAY, 29 JUL 2009
Cuscal and Payment Adviser have partnered to provide 2 million small to medium sized enterprises (SMEs) with a superannuation transaction service that will cut costs and make it easier to make employee payments.

Retirement adequacy beats market slump

MICHELLE BALTAZAR AND RUTH LIEW  |  TUESDAY, 28 JUL 2009
Compulsory super and the long-term nature of retirement strategies are among the reasons why for many Australians, last year's financial crisis was a mere blip in their future retirement income, research shows.

CalPERS portfolio drops 23pc

COMPANY RELEASE  |  TUESDAY, 28 JUL 2009
The value of the California Public Employees' Retirement System (CalPERS) assets dropped more than 23 per cent to $220 billion in a year to June, the fund's most radical drop in valuations in a single year.

SMSF intl equities allocation halves

MICHAEL HOBBS  |  TUESDAY, 28 JUL 2009
Self managed super fund (SMSF) allocations to international shares has almost halved over a one and a half year period.

NFP super beats retail over 10 yrs

Not for profit superannuation funds outperformed retail master trusts by more than 2 per cent per year in the past 10 years, new research found.

Super must become more efficient: PM

ALEX DUNNIN  |  MONDAY, 27 JUL 2009
Prime Minister Kevin Rudd in his latest essay said superannuation should become more efficient and improve its net investment returns.

Super funds battle for ASFA awards

MICHAEL HOBBS  |  MONDAY, 27 JUL 2009
AMP Financial Services, First State Super and Sunsuper are among the 16 finalists jostling for awards that recognise excellence in communicating with fund members and industry stakeholders.

Progressive trumps all with simple strategy

MICHAEL HOBBS  |  MONDAY, 27 JUL 2009
Keeping it simple has worked for Sydney-based Progressive Superannuation Plan. The fund's balanced option has beaten most of its larger well-known peers in the same category by 3 per cent over a five-year period to May.

Minimum balance dropped for BOC Super

RUTH LIEW  |  MONDAY, 27 JUL 2009
The $392 million corporate fund BOC Super has ramped up its efforts to retain members by halving the minimum balance required for continued membership with the fund.