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Superannuation

Baby boomers hold retirement plans

MICHAEL HOBBS  |  FRIDAY, 21 NOV 2008
A new consumer survey revealed one third of baby boomers are rethinking their retirement plans as super fund balances fall amid bad markets.

Vale Joy Palmer

Joy Palmer, the chairperson of South Australian super fund Statewide passed away on, Monday, November 17, after a dignified and determined battle with breast cancer.

Zurich urges superannuation reform

MICHAEL HOBBS  |  WEDNESDAY, 19 NOV 2008
Zurich Financial Services is calling the government to review superannuation legislation after a report found non-dependants could potentially miss out on death benefits.

Super Concepts scores $600m admin coup

MICHAEL HOBBS  |  TUESDAY, 18 NOV 2008
Self managed super fund (SMSF) administrator, Super Concepts, is to administer approximately $150 million on behalf of 154 CommSec clients, a deal signed four months after YourChoice clients, with $450 million in SMSF assets, also moved to the ING-owned ...

Trustees should adopt system-wide policies: Sherry

MICHELLE BALTAZAR  |  MONDAY, 17 NOV 2008
Superannuation minister Senator Nick Sherry urges trustees to adopt superannuation policies that will benefit the entire industry - dispelling the age-old notion that trustees only need to look after the welfare of their own members.

New chair for ASFA

MEDIA RELEASE  |  FRIDAY, 14 NOV 2008
The Association of Superannuation Funds of Australia has appointed Greg Healy, director of AMP Corporate Superannuation, as the new Chair of the Board.

Future Fund seeks hedge fund analyst

RUTH LIEW  |  FRIDAY, 14 NOV 2008
The $63 billion government-backed Future Fund is ramping up its attention to the hedge fund space as it embarks on a hunt for a senior analyst with an expertise in hedge funds.

Four in five happy with their super: ASFA

MICHELLE BALTAZAR  |  FRIDAY, 14 NOV 2008
The global financial crisis prompted only 13 per cent of Australians to change the way they save for their retirement and a majority 80 per cent are happy with the performance of their super fund, a new industry survey shows.

Mass modular advice to boost savings

MICHELLE BALTAZAR  |  THURSDAY, 13 NOV 2008
Super funds can help millions of working Australians boost their retirement savings through modular "mass advice", a new advice service that can be delivered in 15 to 40 minutes without falling foul of ASIC regulation.

HNW shell shocked about nest eggs

MICHAEL HOBBS  |  THURSDAY, 13 NOV 2008
A Fujitsu survey found high net wealth Australians are seven times more concerned now about their retirement savings than they were a few months ago as equity markets continue to crack their nest eggs.