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Superannuation

Super queries drop despite GFC

RUTH LIEW  |  WEDNESDAY, 25 MAR 2009
If you think investors are frantically ringing super fund call centres to ask about their investments, guess again - the number of calls fielded by Pillar Administration has fallen since the start of the GFC, said Peter Beck, the firm's chief executive.

Fry and Watton win AIST Trustee award

RUTH LIEW  |  WEDNESDAY, 25 MAR 2009
Tasplan chairman Doug Fry and Vision Super trustee director Bill Watton are the joint winners of the Australian Institute of Superannuation Trustees (AIST)'s 2009 Trustee of the Year Award.

Not-for-profit super funds reign

RUTH LIEW  |  TUESDAY, 24 MAR 2009
Not-for-profit super funds have consistently beaten retail funds by an average 2.4 per cent per year since 2004 - resulting in some retail funds' members getting around 40 per cent less in their final retirement benefits, new research show.

BT Super for Life hits 100,000 members

MICHAEL HOBBS  |  TUESDAY, 24 MAR 2009
BT Financial Group's BT Super for Life product has broken the 100,000 member mark in just 18 months.

No bail-out for cash-strapped assets

RUTH LIEW  |  TUESDAY, 24 MAR 2009
Super funds with unlisted property in their portfolio should be prepared to "let failures fail" - particularly if managers are requesting more inflows to a poorly performing fund, said a leading investment consultant.

No fast bucks: Costello

RUTH LIEW  |  TUESDAY, 24 MAR 2009
As institutional investors with billions under their belts, superannuation funds should review whether they have the right ethical and sustainable "filters" in place when allocating funds, urges Tim Costello, chief executive of World Vision Australia.

Super investors stay put: survey

AIST RELEASE  |  MONDAY, 23 MAR 2009
Six out of 10 Australians will continue with their voluntary contributions this year while only one in 10 have moved, or considered moving, their super to a more conservative fund, according to a consumer survey.

Mexican super funds shut doors

RUTH LIEW  |  MONDAY, 23 MAR 2009
Pension funds in Mexico are snubbing international investments this year as they invest all of their fund inflows into the local market to boost the country's economy.

Westscheme raises admin fees

RUTH LIEW  |  MONDAY, 23 MAR 2009
Westscheme is increasing its weekly administration fees by up to 20 per cent - following the footsteps of other industry funds hiking their fees in a bid to meet rising operational costs.

SMSF in-house asset rules and disclosure flawed

MICHAEL HOBBS  |  MONDAY, 23 MAR 2009
The Australian Tax Office (ATO) should give self-managed super fund (SMSF) trustees more time to comply with in-house asset rules but at the same time, require them to provide a detailed investment strategy.