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Superannuation

CONNECT targets retirees

RUTH LIEW  |  THURSDAY, 31 JUL 2008
The $650 million CONNECT superannuation fund has crafted two new funds aimed at members coming up to retirement or are already retired.

APFC appoints $782m infrastructure mandates

RUTH LIEW  |  THURSDAY, 31 JUL 2008
The $38.8 billion Alaska Permanent Fund Corporation (APFC) has pumped $521 million and $261 million into two infrastructure funds by Goldman Sachs and Alinda Capital Partners.

Westscheme shakes up portfolio

RUTH LIEW  |  THURSDAY, 31 JUL 2008
The $2.92 billion Westscheme has rejigged its cash, Australian equities and emerging markets exposures among others after a review of its investment strategy.

AXA super tops league tables

MICHAEL HOBBS  |  TUESDAY, 29 JUL 2008
Amid the worst super fund returns on record, AXA Australia has broken through the field as the surprise top performer with a stunning positive 4 per cent from its Tailored Super and Simple Super employer funds, almost 11 per cent ahead of the market ...

Industry backs ASIC 'super snapshot'

MICHAEL HOBBS  |  TUESDAY, 29 JUL 2008
Super fund industry bodies welcomed the Australian Securities and Investments Commission's (ASIC) consultation paper, declaring it will boost super fund member engagement and improve retirement savings.

Super SA gives thumbs up to SyncSoft

RUTH LIEW  |  FRIDAY, 25 JUL 2008
Six months into signing on tech firm SyncSoft, the $11.5 billion Super SA claims that it is well under way to implementing a bigger and better payroll processing system.

CFA decorates Ambachtsheer

MICHAEL HOBBS  |  FRIDAY, 25 JUL 2008
The CFA Institute awarded Keith Ambachtsheer the James R. Vertin Award for his continued work in pension research.

REST terminates GMO

RUTH LIEW  |  THURSDAY, 24 JUL 2008
The $14 billion REST Superannuation has axed an Australian Equities mandate with GMO due to concerns with the fund manager's team changes.

Gen Y risks high fees

RUTH LIEW  |  WEDNESDAY, 23 JUL 2008
Gen Y-ers are more likely to pay higher super fund fees during their lifetime because of their job-hopping lifestyle, according to legalsuper.

Calliva suspends new loans to SMSFs

THE SHEET  |  WEDNESDAY, 23 JUL 2008
Specialist lender Calliva Group has been forced to suspend new applications for its superannuation fund loan product, SuperAccess, after being told by its funder RBS that its facility would not be renewed.