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Superannuation

DB super deficit rises to $25 bn

MICHAEL HOBBS  |  TUESDAY, 14 APR 2009
A Watson Wyatt report found defined benefit superannuation liabilities for listed Australian firms have blown out from around $2 billion to $25 billion over a six-month period to the end 2008.

ESSSuper introduces monthly switching

RUTH LIEW  |  TUESDAY, 14 APR 2009
The $14.6 billion Emergency Services & State Super has increased the frequency of switching rates from a quarterly to monthly starting early this month.

Super your stimulus package

RUTH LIEW  |  THURSDAY, 9 APR 2009
"Boost your super with the Government's $900 handout" is becoming the catchphrase of superannuation funds as they encourage members to pour more into super.

Veljkovic caught for super crimes

ASIC RELEASE  |  THURSDAY, 9 APR 2009
Melbourne man Karl Heinz Veljkovic has been sentenced to two and half years imprisonment in relation to the misuse of superannuation funds.

HOSTPLUS sponsors Gold Coast AFL

MICHAEL HOBBS  |  WEDNESDAY, 8 APR 2009
HOSTPLUS has stepped up its campaign targeting Queenslanders, signing a five -year foundation sponsorship deal with the new AFL Gold Coast Football Club.

BUSS(Q) calls for sub-contractor legislation

COMPANY RELEASE  |  WEDNESDAY, 8 APR 2009
David O'Sullivan, building and construction super fund BUSS(Q)chief executive, is calling on the government to introduce legislation that would force subcontractors to contribute to their superannuation.

Qantas Super gets $66m injection

RUTH LIEW  |  WEDNESDAY, 8 APR 2009
The $5.6 billion Qantas Superannuation fund will receive $66 million in extra funds over the next three years from Qantas Airways Limited into its defined benefit divisions.

Vision Super banking goes live

RUTH LIEW  |  WEDNESDAY, 8 APR 2009
Members of the $4.2 billion Vision Super can now access their allocated pension funds directly through ATMs and Visa Debit cards with its recently launched banking service.

Joy Palmer Foundation established to promote ESG

ALEX DUNNIN  |  WEDNESDAY, 8 APR 2009
Statewide Super has established a foundation in honour of former trustee and chairperson Joy Palmer that will support young people within the superannuation industry interested in promoting sustainability and governance.

Plato receives $20m inflow

MICHAEL HOBBS  |  TUESDAY, 7 APR 2009
Plato Investment Management has received over $20 million of inflows from clients in the past month, breaking a cash drought that lasted more than half a year.