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Superannuation

GFC spurs DB plans commitment

RUTH LIEW  |  MONDAY, 20 JUL 2009
If you think the GFC had pushed pension funds away from defined benefit plans, think again - more than 70 per cent of fund executives have no intention of changing their DB plan structures.

Shareholder activism misses the mark

MICHAEL HOBBS  |  MONDAY, 20 JUL 2009
Super fund and investment manager activism against listed company boards is misdirected, according to a corporate governance expert.

Scoring goals with LUCRF Super

RUTH LIEW  |  FRIDAY, 17 JUL 2009
The $2 billion LUCRF Super has formed a partnership with the Australian Professional Footballers' Association that will see the fund provide superannuation services to PFA members.

Local funds won't follow CalPERS lawsuit

RUTH LIEW  |  THURSDAY, 16 JUL 2009
One of the US' biggest pension funds, the $223 billion CalPERS, has filed a lawsuit against three of the world's most powerful rating agencies to claw back some of its losses from the GFC, but local super funds look unlikely to follow suit.

Look past asset classes: Weaven

RUTH LIEW  |  THURSDAY, 16 JUL 2009
The time has come for institutional investors to look past asset classes and seek good value assets with robust revenue streams when implementing their post-GFC investment strategy, said Garry Weaven, chair of Industry Funds Management.

Push for redemption freeze lifts: PASL

COMPANY RELEASE  |  WEDNESDAY, 15 JUL 2009
Super fund trustees should not be afraid to challenge redemption freezes and question the validity of the Responsible Entity model if it's in their members' interests, said Professional Associations Superannuation Fund (PASL).

Rio Tinto seeks super trustees

RUTH LIEW  |  WEDNESDAY, 15 JUL 2009
Corporate super fund Rio Tinto Staff Superannuation Fund is on the hunt for three new directors to join its trustee board.

UniSuper activates fair value clause

RUTH LIEW  |  TUESDAY, 14 JUL 2009
The $21 billion UniSuper has initiated a clause that allows trustees to reduce defined benefit members' benefits - if necessary - following the GFC to provide fair value payments.

Pillar tenders for RBF-TAS deal

RUTH LIEW  |  TUESDAY, 14 JUL 2009
Pillar Administration is tendering to provide administration services to RBF Tasmania, which had $3 billion in funds at the end of June last year.

ASIC lifts restrictions on intra-fund advice

MICHELLE BALTAZAR  |  FRIDAY, 10 JUL 2009
Australians can access superannuation-related financial advice more easily under regulatory changes announced yesterday, but the industry is split between those that believe ASIC's move benefits the public while others predict it's a "disaster in the ...