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Superannuation

Aussies rethink super

RUTH LIEW  |  FRIDAY, 31 OCT 2008
More than 20 per cent of working Australians have reduced their super contributions, changed their investment options or switched to a new super fund in the last three months, a new survey shows.

AustSuper seeks equities and FI experts

RUTH LIEW  |  FRIDAY, 31 OCT 2008
The $28 billion industry fund Australian Super is on the hunt for two investment specialists with expertise in fixed interest and listed equities.

PowerSuper launches warrant product

MICHAEL HOBBS  |  FRIDAY, 31 OCT 2008
Self managed super fund (SMSF) trustees have more options to purchase property after PowerSuper launched its warrant loan product.

Government pumps $500m into Members Equity

RUTH LIEW  |  THURSDAY, 30 OCT 2008
Industry Super Fund-owned Members Equity Bank has received a $500 million injection following the Federal Government's Australian Office of Financial Management's investment in its super members' home loans RMBS.

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.