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Superannuation

ATO security blunder sparks review

MICHAEL HOBBS  |  THURSDAY, 30 OCT 2008
The Australian Tax Office (ATO) is issuing more than 3,000 self managed super fund (SMSF) trustees with new tax file numbers and reviewing its security measures after it lost a CD containing highly sensitive trustee information.

Essex County seeks global eq manager

RUTH LIEW  |  WEDNESDAY, 29 OCT 2008
Aussie fund managers with a global equities expertise may apply for a slice of the $7.7 billion Essex County Council Pension Fund's $763 million global equities mandate.

Private equity crunch

MICHELLE BALTAZAR  |  WEDNESDAY, 29 OCT 2008
Super funds will be forced to revalue their private equity investments as the global financial crisis hits private equity growth on not one but three fronts: business valuation, earnings growth and ability to service debt.

Trustee education top issue for SMSFs: Pearce

ALEX DUNNIN  |  TUESDAY, 28 OCT 2008
The key issue facing self-managed super funds is trustee training and education, said Chris Pearce, Shadow Minister for Financial Services.

First State Super wins low cost race

RUTH LIEW  |  TUESDAY, 28 OCT 2008
Economies of scale, use of electronic fund transfers (EFTs) and use of email over paperwork all helped make $15 billion First State Super the 'lowest cost' public offer fund in Australia, based on the latest Rainmaker Benchmarking report.

Retail fund fights back

MICHAEL HOBBS  |  TUESDAY, 28 OCT 2008
The value of financial advice must be considered when comparing performance, an issue often overlooked in the debate about retail versus industry funds, said Colonial First State head of strategy, Nicolette Rubinsztein.

Catholic Super enhances insurance

MICHAEL HOBBS  |  MONDAY, 27 OCT 2008
Catholic Super members can now claim 43 per cent more on basic death and death and total and permanent disability (TPD) cover at no extra cost after the fund upgraded its insurance service with TOWER Australia.

MTAA campaign halves death claims

MICHAEL HOBBS  |  FRIDAY, 24 OCT 2008
MTAA Super's suicide death claims fell by 53 per cent since the fund launched its mental health awareness campaign, readthesigns, in 2004.

Chile not so hot on fixed income

MICHELLE BALTAZAR  |  WEDNESDAY, 22 OCT 2008
The Chilean Pension Fund Administrators' Association (CPAA) urged its young members not to reduce their allocation in equities in favour of fixed income in the wake of the global financial crisis.

Fund trades under super watch

MICHELLE BALTAZAR  |  FRIDAY, 17 OCT 2008
Research consultancy group Inalytics has come up with a way to monitor and evaluate how fund managers are reacting to the current market crisis, giving super funds a new tool to figure out who made the best and worst calls.