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Superannuation

ASIC cracks down on Hafoka

MEDIA RELEASE  |  WEDNESDAY, 11 MAR 2009
Sonatane Haitoni Hafoka of Shalvey, New South Wales, has faced the Downing Centre Local Court on charges of aiding and abetting the trustee of a dishonest self-managed super fund.

GESB seeks more unlisted exposure

RUTH LIEW  |  TUESDAY, 10 MAR 2009
West Australian-based Government Employees Superannuation Fund (GESB) is considering increasing its current asset allocation of 5 per cent into unlisted assets after it was hard hit by the downfall of equities markets.

Maritime Super sets sail

MICHAEL HOBBS  |  TUESDAY, 10 MAR 2009
The Stevedoring Employees' Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF) officially merged to create a $2.6 billion Maritime Super this month.

Three firms wound up by ASIC

COMPANY RELEASE  |  MONDAY, 9 MAR 2009
The Supreme Court of New South Wales has wound up three companies promoted by Online Super Pty Ltd (Online Super) following an application by ASIC.

Twenty new topics for NGS Super

RUTH LIEW  |  FRIDAY, 6 MAR 2009
The $2.65 billion NGS Super is helping members tackle financial literacy barriers with extra modules and 20 new topics added to its interactive online program.

Sunsuper cuts fees, adds FP service

MICHAEL HOBBS  |  THURSDAY, 5 MAR 2009
Queensland based industry fund, Sunsuper is cutting the fees on all its pension products by 10 basis points to 0.25 per cent, which could save members around $300 a year.

Competition not so super

ALEX DUNNIN  |  THURSDAY, 5 MAR 2009
A new report just released by Roy Morgan Research (RMR) reveals attempts to introduce competition into the superannuation market are not working.

Local funds hold firm on US equities

MICHAEL HOBBS AND RUTH LIEW  |  WEDNESDAY, 4 MAR 2009
Super funds are holding firm on their exposure to US equities despite the Dow Jones Index slipping below 7,000, its lowest level in more than a decade.

Power to the people: Hermes

MEDIA RELEASE  |  WEDNESDAY, 4 MAR 2009
Shareholder empowerment and better governance will mark the dawning of a new era in super fund management when the GFC passes, according to Hermes Equity Ownership Services.

CSRF supports Catholic Schools Week

RUTH LIEW  |  WEDNESDAY, 4 MAR 2009
The Catholic Superannuation and Retirement Fund is partnering with Catholic Schools Week in 2009 to help boost super and financial literacy.