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Superannuation

Capping fees is not the answer

MICHELLE BALTAZAR  |  FRIDAY, 30 JAN 2009
Senator Nick Sherry may be very vocal about the need to slash superannuation fees from an average 1.25 per cent to below one per cent but he said legislating a fees cap is out of the question.

Trustee survey reveals top asset classes

RUTH LIEW  |  THURSDAY, 29 JAN 2009
Infrastructure, private equity and commodities are going to be the most preferred asset classes this year, according to a trustee survey released this week.

Ex-Victoria Premier joins Cbus

RUTH LIEW  |  THURSDAY, 29 JAN 2009
The previous Premier of Victoria, Steve Bracks, has been appointed chairperson of the $12.6 billion industry super fund, Cbus.

Unilever Super seeks super provider

RUTH LIEW  |  WEDNESDAY, 28 JAN 2009
The $240 million corporate super fund Unilever Super is looking to completely outsource its superannuation functions to a single super provider as soon as mid-2009.

ESI Super adds vanilla cash option

MICHAEL HOBBS  |  TUESDAY, 27 JAN 2009
The Electricity Supply Industry Superannuation (ESI Super) has introduced another lower risk cash option for its members.

CareSuper reopens cap guarantee

RUTH LIEW  |  FRIDAY, 23 JAN 2009
CareSuper has reopened the doors of its capital guaranteed option after a three-month freeze when its underlying manager AMP closed it to new investments.

Investor knowledge fuels SMSF growth

RUTH LIEW  |  THURSDAY, 22 JAN 2009
The growth of SMSFs is holding steady amid the market downturn, according to the SMSF Professionals' Association of Australia (SPAA).

Legalsuper members favour Aussie shares

RUTH LIEW  |  WEDNESDAY, 21 JAN 2009
Defying the flight to cash, members of the $1 billion dollar legalsuper have increased investments into the fund's S&P/ASX200 option by up to 40 per cent.

LGSS fixes pricing error

RUTH LIEW  |  TUESDAY, 20 JAN 2009
The Local Government Superannuation Scheme has addressed a unit pricing error that occured in the September quarter last year, according to a fund statement.

Rainmaker coverage tops 25,000 options

Rainmaker has just completed a major research expansion, boosting the investment option coverage in its online adviser and super fund web software to a massive 25,000 investment options.