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Superannuation

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.

CSRF chases alpha

MICHAEL HOBBS  |  MONDAY, 18 AUG 2008
The Catholic Superannuation and Retirement Fund (CSRF) awarded Barclays Global Investors (BGI) and BlackRock Investment Management a $100 million mandate each to capture short-term equity market opportunities.

US pension funds review securities lending

MICHELLE BALTAZAR  |  FRIDAY, 15 AUG 2008
More than 45 per cent of major US pension funds and endowments are reviewing their securities lending programs after a number suffered liquidity issues during the worst of the credit crisis last year.

HOSTPLUS tackles Qld with Storm

MICHAEL HOBBS  |  FRIDAY, 15 AUG 2008
Industry super fund, HOSTPLUS is using its sponsorship of the successful Melbourne Storm rugby league club to assist its membership drive into the Queensland superannuation market.

Super marketing with grunt

MICHELLE BALTAZAR  |  THURSDAY, 14 AUG 2008
A YouTube ad, an email blast and an annual report that morphs with the member's age were among the winning entries at this year's ASFA Communications Awards held in Sydney last night.

AGEST quadruples cash option to $400m

RUTH LIEW  |  THURSDAY, 14 AUG 2008
The $3 billion government superannuation fund AGEST Super is tightening its purse strings on new mandates and has quadrupled its cash option to $400 million in less than nine months.

Plum cuts missing TFNs by 11pc

MICHAEL HOBBS  |  THURSDAY, 14 AUG 2008
Plum Financial Services' tax file number (TFN) campaign has proven successful, cutting the number of outstanding TFNs among its active members by 11 per cent to less than one per cent.