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Superannuation

MLC improves Business Super insurance

COMPANY RELEASE  |  FRIDAY, 1 MAY 2009
MLC has improved the firm's MasterKey Business Super insurance by extending the insurable age, adding automatic death, total and permanent disability (TPD) cover and refining income protection definitions.

Conflicts not all bad: AIST

ALEX DUNNIN  |  FRIDAY, 1 MAY 2009
In a major submission to APRA, the Australian Institute of Superannuation Trustees (AIST) has said that fighting for the elimination of all conflicts of interest can be self-defeating.

Lutheran Super appoints CPG

MICHAEL HOBBS  |  FRIDAY, 1 MAY 2009
Lutheran Super has hired CPG Research & Advisory as the fund's asset consultant.

Rio Tinto Super adds Alcan Gove members

RUTH LIEW  |  THURSDAY, 30 APR 2009
The $2.3 billion Rio Tinto Staff Superannuation Fund will soon receive a $135 million boost to its assets under management when it opens its doors to members of the Alcan Gove Superannuation Plan tomorrow.

Smaller funds lack risk reserves

MICHAEL HOBBS  |  TUESDAY, 28 APR 2009
A Mercer survey has revealed smaller super funds are less likely to have appropriate levels of operational risk reserves than larger funds, a survey found.

REST deploys $300m mandates

RUTH LIEW  |  TUESDAY, 28 APR 2009
REST Superannuation pours $300 million into the credit markets through two new fund manager mandates.

AustSafe Super licensed for advice

RUTH LIEW  |  MONDAY, 27 APR 2009
The $1 billion AustSafe Super is ramping up its presence in the planning community following the licensing of its regional managers to provide financial advice.

Budget deficit squeezes pension promises

ALEX DUNNIN  |  FRIDAY, 24 APR 2009
The looming federal budget deficit tipped to exceed $50 billion accompanied by a blow-out in the government's borrowing requirement is threatening the Prime Minister's promise to boost age pensions in next month's budget.

Mutual funds outperform instos

RUTH LIEW  |  FRIDAY, 24 APR 2009
Mutual funds are beating their institutional counterparts with the former reporting almost 30 per cent less outflows during last year.

...and targets SMSF market

MICHAEL HOBBS  |  THURSDAY, 23 APR 2009
AMP is moving into the burgeoning self managed super fund (SMSF) market by launching the firm's Ascend SMSF product.