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Superannuation

Better insurance for WA LGSP

RUTH LIEW  |  FRIDAY, 13 FEB 2009
The $1.3 billion WA Local Government Super Plan has upgraded its insurance offering by providing automatic default insurance for all uninsured members.

Superfunds on recruitment spree

RUTH LIEW  |  FRIDAY, 13 FEB 2009
As job opportunities in investment banking and funds management dry up, investment professionals should turn their sights on superannuation, with three super funds managing a combined $80 billion on the hunt for the best talent.

Meat fund invests in high growth

RUTH LIEW  |  THURSDAY, 12 FEB 2009
The $529 million Meat Industry Employees Superannuation Fund is defying the super industry's flight to cash when it recently introduced a new "high growth" investment option to members.

GESB plans on hold

MICHAEL HOBBS  |  THURSDAY, 12 FEB 2009
Western Australian public sector super fund, GESB's planned mutualisation process has again been shelved after the local government cited tax and bad financial market concerns.

Telstra Super hires JANA

MICHAEL HOBBS  |  THURSDAY, 12 FEB 2009
Telstra Super appointed JANA Investment Advisers as the fund's asset consultant, ending a 15-year relationship with Russell Investments.

Job cuts drive record advice requests

COMPANY RELEASE  |  WEDNESDAY, 11 FEB 2009
Mercer took a record 413,000 calls last year from super fund members seeking financial advice, with an 84 per cent jump in queries relating to redundancy payments.

ASFA's goals for 2009

RUTH LIEW  |  WEDNESDAY, 11 FEB 2009
The Henry Tax Review, APRA fund returns data and superannuation data exchange number among the top projects for ASFA this year.

Gloves off ahead of APRA report

MICHELLE BALTAZAR, MICHAEL HOBBS  |  TUESDAY, 10 FEB 2009
Sean Henaghan, investment director at AMP Capital Investors, said investment decisions were made that resulted in one of AMP's super options ranking among the worst performing default options according to SelectingSuper, but he said the firm will fix ...

Top and bottom super performance differ by 36pc

MICHELLE BALTAZAR, MICHAEL HOBBS  |  TUESDAY, 10 FEB 2009
The global financial crisis has widened the performance gap between the best and worst performing default workplace super funds to 36 per cent, treble their historic difference, according to SelectingSuper data.

No mandate terminations: Hostplus

RUTH LIEW  |  MONDAY, 9 FEB 2009
The $7 billion industry fund Hostplus has no intentions of terminating any of its investment mandates despite the losses it suffered on them last year.