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Superannuation

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.

Super funds are not 'blameless'

MICHAEL HOBBS  |  THURSDAY, 25 SEP 2008
Super funds should take a closer look at their own role in the current capital market crisis and reassess their governance standards instead of blaming other firms, according to Donald MacDonald, BT Pension Fund trustee and UK PRI chair.

ESG buck stops with super

MICHAEL HOBBS  |  THURSDAY, 25 SEP 2008
Better and broader environmental, social and governance (ESG) research will occur when the major players high on the 'supply chain' such as super funds demand it, according to John Coombe, JANA executive director.

NAB Super ups employer contribution

RUTH LIEW  |  WEDNESDAY, 24 SEP 2008
NAB Super is increasing its employer contribution from 9.9 to 10 per cent from 1 October.

Nestle shuffles asset allocations

RUTH LIEW  |  WEDNESDAY, 24 SEP 2008
Corporate fund Nestle Australia Group Superannuation Fund has revised the asset allocations of its conservative and high growth options following a review of its investment structure.

Less claims, more benefits: ANZ Super

RUTH LIEW  |  MONDAY, 22 SEP 2008
ANZ Super has reported a lower than expected number of TPD and death insurance claims, an actuarial investigation found - prompting the fund to lower its premium rates as a reward to its members.

CalPERS halts lending to big four

RUTH LIEW  |  FRIDAY, 19 SEP 2008
The $274 billion California Public Employees' Retirement System (CalPERS) has temporarily stopped the lending of troubled Wachovia, Goldman Sachs, Morgan Stanley, and State Street shares.