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Superannuation

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.

New dynamics, new realities: ASFA

MICHELLE BALTAZAR  |  WEDNESDAY, 12 NOV 2008
Timor-Leste president and Nobel Peace laureate Dr Jose Ramos-Horta told delegates at the annual ASFA conference to prepare for the "new economic realities", where countries often overlooked in global policy-making such as Saudi Arabia, India and South ...

Vision Super eyes banking within super

MICHELLE BALTAZAR  |  WEDNESDAY, 12 NOV 2008
Vision Super makes history in the industry fund sector when it paired up with transactional banking provider Cuscal to offer fund members a banking service to access their super savings.

SMSF trustee fails sole purpose test

RUTH LIEW  |  WEDNESDAY, 12 NOV 2008
SMSF trustee Gerard Karl Little has been charged by ASIC for failing the sole purpose test after he obtained early access to funds and pocketed $685,000 in commissions.

ING to develop retirement security products

MICHAEL HOBBS  |  TUESDAY, 11 NOV 2008
ING Australia chief executive, Harry Stout, is assessing overseas efforts to combat longevity risk while also battling against the erosion of retirement savings in bad markets to develop better retirement security products for super fund members.

Japan's pensions turn to alternatives

MICHAEL HOBBS  |  TUESDAY, 11 NOV 2008
Japanese pension funds are rethinking their diversification strategy and planning to reduce their domestic equities allocation in favour of more alternative assets such as absolute return products, according to a new survey.

WW opens pension info site

MICHAEL HOBBS  |  TUESDAY, 11 NOV 2008
Watson Wyatt is launching an online education service for employers and pension scheme trustees to better communicate with employees after a report found companies are alarmed with the lack of engagement with staff.