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Superannuation

ANZ Super Advantage adds four

RUTH LIEW  |  TUESDAY, 2 JUN 2009
The $1.6 billion ANZ Super Advantage has added four new investment funds including a Vanguard and BlackRock product to its menu.

US church pension ramps up Asia-Pac presence

RUTH LIEW  |  TUESDAY, 2 JUN 2009
The Church Pension fund, a US-based pension fund with $9 billion in assets, opens an office in Hong Kong as it bulks up its portfolio in Asian real estate and private equity assets.

NZ govt to suspend NZ Super contribs

MICHAEL HOBBS  |  MONDAY, 1 JUN 2009
The New Zealand government's plans to stop contributions to NZ Super for at least a decade could place the super fund under greater financial pressure in the future, according to one global asset consultant.

AustralianSuper hires Inalytics

MICHAEL HOBBS  |  FRIDAY, 29 MAY 2009
AustralianSuper's selected multi managers may need to refine their processes after the super fund hired research consultancy firm Inalytics to assess the skills of the underlying fund managers.

Sunsuper terminates $200m Everest mandate

RUTH LIEW  |  FRIDAY, 29 MAY 2009
Sunsuper has axed a $200 million alternative investments mandate with Everest Financial Group following a fall in the firm's funds under management and staff numbers.

Bonnie and Clyde team caught for fraud

RUTH LIEW  |  THURSDAY, 28 MAY 2009
A couple from Victoria has admitted to committing SMSF fraud - with the husband pleading guilty to 12 charges including theft and conducting business without a financial services licence following an ASIC investigation.

LUCRF goes live with Bluedoor

COMPANY RELEASE  |  THURSDAY, 28 MAY 2009
The $2 billion LUCRF Super has gone live with its new administration platform, Bluedoor.

Fed's unfunded liabilities balloon to $80bn

ALEX DUNNIN  |  THURSDAY, 28 MAY 2009
Federal unfunded superannuation liabilities have jumped 75 per cent in less than a decade, putting pressure on the government's Future Fund strategy to contain the fiscal blow out.

Ten years is too short: CBI

RUTH LIEW  |  WEDNESDAY, 27 MAY 2009
The UK's pension regulator should investigate the funding plans of companies where deficit repayments will take more than 15 years, rather than the current ten, said a key industry body.

ESSSuper closes Cash Plus option

RUTH LIEW  |  WEDNESDAY, 27 MAY 2009
The $14 billion Emergency Services & State Super has closed the doors of its cash plus strategy six months after the introduction of its pure cash option.