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Superannuation

REST members get $74m boost

COMPANY RELEASE  |  FRIDAY, 19 JUN 2009
Members of the $13 billion REST Superannuation received $74 million from the Government through co-contributions in the last financial year.

Charter needs legislative backing: ISN

COMPANY RELEASE  |  THURSDAY, 18 JUN 2009
The Industry Super Network welcomed IFSA's Super Charter but added the association's response needs legislative and regulatory backing.

Rollover easier at Sunsuper

RUTH LIEW  |  THURSDAY, 18 JUN 2009
The $11.6 billion Sunsuper has unveilled a new online rollover fund tool in an effort to encourage members to consolidate their super.

SMSFs beware the taxman

COMPANY RELEASE  |  THURSDAY, 18 JUN 2009
An estimated 70,000 new SMSF trustees will be responsible for filing their first annual tax and compliance statements after June 30 this year, and based on past experience of the tax office, many fledgling trustees will fail to comply with superannuation ...

Active manager mandates to increase: Mercer

RUTH LIEW  |  WEDNESDAY, 17 JUN 2009
Mercer, one of the country's largest asset consultants, is advising its institutional clients to allocate more funds with active managers to capture the one-off abnormal returns coming out of stockmarkets as they switch into recovery mode.

Super changes hit retirees

COMPANY RELEASE  |  WEDNESDAY, 17 JUN 2009
Self-funded retirees will be hit hardest by the Federal Government's changes to super, according to Martin Murden, director of Partners Superannuation Services.

IFSA launches superannuation Charter

ALEX DUNNIN  |  WEDNESDAY, 17 JUN 2009
A new Super Charter launched by the Investment and Financial Services Association (IFSA), akin to an investor bill of rights, looks set to redefine wealth management industry practices.

CSRF lends more weight to domestic equities

MICHAEL HOBBS  |  TUESDAY, 16 JUN 2009
Following its latest asset allocation review, the $2.9 billion-plus Catholic Superannuation and Retirement Fund (CSRF) is set to introduce a "bias to Australian shares" across all its investment options bar one, at the expense of international equities.

CalPERS ploughs more into private equity

RUTH LIEW  |  TUESDAY, 16 JUN 2009
The $231 billion CalPERS is putting more funds into private equity and global fixed income, but is raising its cash targets.

Super is a good idea but needs fixing

ALEX DUNNIN  |  TUESDAY, 16 JUN 2009
Superannuation is a good idea but the design of the system to implement it is regressive and flawed, argues Julian Disney, social justice law professor and long time researcher and campaigner on equity issues.