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Superannuation

Weekly switching for BOC Super

RUTH LIEW  |  TUESDAY, 26 AUG 2008
Corporate super fund BOC Super joins the growing list of super funds that are vastly improving their administration, with a new system that updates 'investment option' changes from monthly to weekly.

Segmentation prompts industry warning

MICHAEL HOBBS, ALEX DUNNIN  |  MONDAY, 25 AUG 2008
Despite a focus on the younger generation driving a segmented approach to marketing, super funds must correctly implement the strategy to ensure its older members aren't ignored, according to Robin Bowerman, Vanguard Investments head of retail.

ING takes DB admin in-house

MICHAEL HOBBS  |  FRIDAY, 22 AUG 2008
ING Australia is moving its defined benefits administration in-house, ending its previous outsourcing relationship with Aon Australia.

Guild selects Mercer for admin

MICHAEL HOBBS  |  THURSDAY, 21 AUG 2008
Guild Group appointed Mercer to provide administration and member services across GuildSuper, GuildPension and the Australian Child Care Superannuation Fund.

More super to move into daily pricing

RUTH LIEW  |  THURSDAY, 21 AUG 2008
In the future, more super funds will behave like fund managers, giving members a chance to see how much their savings are worth on a daily basis - a radical departure from today's convention of monthly, quarterly and yearly valuations.

Legalsuper boosts 'pure cash' with Macq index

RUTH LIEW  |  WEDNESDAY, 20 AUG 2008
Following member feedback, legalsuper created a "pure cash" option and seeded it with a $35 million investment in Macquarie's True Index fund.

Choice-of-fund members jump 81pc

MICHELLE BALTAZAR  |  TUESDAY, 19 AUG 2008
An unprecedented number of Australians opted out of their 'default' super fund in the past 12 months, up 81 per cent compared to the previous year, showing more people are finally taking advantage of the radical "choice of super fund" legislation introduced ...

Pension deficits halts M&A activity

MICHAEL HOBBS  |  TUESDAY, 19 AUG 2008
A UK pension report from Mercer revealed equity market volatility has wiped off more than $130 billion of the value of FTSE 350 pension schemes, potentially hindering merger and acquisition (M&A) activity across Europe.

Super fund asset allocation on hold

MICHELLE BALTAZAR  |  MONDAY, 18 AUG 2008
The country's major asset consultants said super fund trustees are not rushing to change their overall asset allocation strategies post the sub-prime crisis although some are placing fixed income assets under closer review.

Once lost, now found: super

RUTH LIEW  |  MONDAY, 18 AUG 2008
Australians still have a gigantic $12 billion in lost super but a concerted effort by the government, regulators and wealth management industry is slowly reducing the amount of misplaced retirement savings.