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Superannuation

Blame planners, not me: Costello

ALEX DUNNIN  |  WEDNESDAY, 1 OCT 2008
Just when you thought the financial crisis couldn't get any crazier, former Treasurer Peter Costello said planners are to blame for super fund members losing money from their super fund accounts following the stock market rout.

Govt breathes new life into RMBS

MICHELLE BALTAZAR  |  TUESDAY, 30 SEP 2008
The Rudd Government's move to set up a government-sponsored mortgage body and invest in $4 billion of Australian residential mortgage-backed securities (RMBS) should reinvigorate the ailing RMBS market and re-instate it as an attractive asset class to ...

Qantas Super unveils monthly CIR

RUTH LIEW  |  TUESDAY, 30 SEP 2008
The $6.6 billion Qantas Super has introduced monthly credited interest rates to compliment its monthly investment switching schemes.

NZ Super suffers $568m loss

RUTH LIEW  |  MONDAY, 29 SEP 2008
The world credit crisis has drawn blood from another victim, with New Zealand Superannuation Fund posting a loss of $568 million or 4.92 per cent for the year ended 30 June 2008.

Perpetual makes key move into SMSFs

RUTH LIEW  |  MONDAY, 29 SEP 2008
Perpetual has bought self-managed super fund administration provider smartsuper for $16 million after a year of negotiations - making the firm an early mover in a sector with little 'fund manager' penetration to date.

Vision pumps $450m into Millennium Global

RUTH LIEW  |  FRIDAY, 26 SEP 2008
The $4.3 billion industry fund Vision Super has awarded a $450 million mandate to specialist currency and alternatives manager Millennium Global Investments.

LGSS affected by shorting ban

RUTH LIEW  |  FRIDAY, 26 SEP 2008
ASIC's crackdown on short selling has left a profound impact across the local investment industry, including upsetting the investment strategy of the $5.5 billion Local Government Superannuation Scheme.

AIST calls for higher co-contribs

MICHELLE BALTAZAR  |  THURSDAY, 25 SEP 2008
Australians have received $205 million more in superannuation co-contributions from the Federal Government this year compared to last year, adding to the more than $3 billion in funds received since the scheme was introduced - but a leading industry ...

SWFs back alternatives

RUTH LIEW  |  THURSDAY, 25 SEP 2008
The $3.8 trillion sovereign wealth funds sector is expected to pour more money into alternatives to diversify their portfolios, new research shows.

Clear focus to drive age pension reform

ALEX DUNNIN  |  THURSDAY, 25 SEP 2008
In reviewing the appropriate pension payment level, the government must decide if the fundamental purpose of the age pension is to reduce poverty or to replace income, argues the Institute of Actuaries (IA) in a new discussion paper.