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Superannuation

UPDATE: Prime Super drops $14m mandate

RUTH LIEW  |  FRIDAY, 3 APR 2009
The $872 million Prime Super has reduced its property mandate with Lend Lease, holding on to a $20 million mandate while withdrawing $14 million to find other investment opportunities.

Super funds to show long-term returns

MICHAEL HOBBS  |  THURSDAY, 2 APR 2009
Super funds must provide detailed five and 10-year investment performance records in member statements, not just in annual reports, following new government rules.

NCSF to adopt weekly unit pricing

RUTH LIEW  |  TUESDAY, 31 MAR 2009
The $615 million National Catholic Superannuation Fund is ditching its monthly crediting rates for weekly unit pricing in a bid to increase transparency and execute faster reports on returns.

CalPERS reviews cost of hedge

RUTH LIEW  |  MONDAY, 30 MAR 2009
One of the largest super funds in the US, CalPERS, plans to put more emphasis on a hedge fund manager's long term returns than short term returns when negotiating fund fees - signalling a new way super funds pay for performance.

Future still belongs to super

Despite record low returns and plummeting consumer confidence in super, the sector is still on track to grow into a multi-trillion dollar savings pool, just at a slower rate than previously estimated.

The ABC of trustee duty

RUTH LIEW  |  FRIDAY, 27 MAR 2009
A key industry body for superannuation funds, ASFA, has introduced a new education course for super fund trustees looking to improve the governance of their investment process.

In partners we trust

RUTH LIEW  |  FRIDAY, 27 MAR 2009
Acquiring direct investments involves more than just exchanging contracts - super fund investors have to do more that just the requisite due diligence when selecting co-investors in a consortium.

Westpac prizes growth and alternatives

RUTH LIEW  |  FRIDAY, 27 MAR 2009
The $2.5 billion Westpac Staff Super is increasing its growth assets and introducing new defensive investments into three of its main options.

Fin advisers grow First State

RUTH LIEW  |  THURSDAY, 26 MAR 2009
Super fund members are turning to financial advice to review their transition-to-retirement strategies, based on the succesful take up of an adviser service piloted by First State Super last year.

Aus Ethical wins CMSF gong

MICHAEL HOBBS  |  WEDNESDAY, 25 MAR 2009
Australian Ethical Investment's Retail Superannuation fund has won the Conference of Major Super Funds (CMSF) sustainable investment Infinity Award for the second year running.