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Superannuation

First State Super joins UN PRI

MICHAEL HOBBS  |  FRIDAY, 10 OCT 2008
First State Superannuation Scheme, representing more than $15.4 billion in funds under management, signed the United Nations Principles for Responsible Investment (UN PRI).

Sunsuper's new service nets 270 members

MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
Nearly 270 members have joined Sunsuper using its new online service in just a week.

AMP wins $42m SRI mandate

RUTH LIEW  |  TUESDAY, 7 OCT 2008
The $450 million industry fund Christian Super has appointed AMP with a $42 million Australian Equities mandate.

DB back in vogue: Equipsuper

RUTH LIEW  |  TUESDAY, 7 OCT 2008
Volatile markets and negative returns have turned investors off accumulation schemes towards defined benefits, said Equipsuper.

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.