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Superannuation

Swedish pension lessons for Australia

ALEX DUNNIN  |  WEDNESDAY, 9 JUL 2008
Senator Nick Sherry, minister for superannuation and corporate law, has suggested Australia look to Sweden's nationalised pension system for a model of how to operate a low-cost superannuation system. But is this the right comparison?

Goodbye ACMSF, hello Sunsuper

RUTH LIEW  |  WEDNESDAY, 9 JUL 2008
The $165 million Anglican Church Master Superannuation Fund (ACMSF) closed its doors last month - prompting the transfer of all members and assets to the $13 billion Sunsuper.

Unlisted assets poised for higher illiquidity premiums

MICHELLE BALTAZAR  |  TUESDAY, 8 JUL 2008
Property experts predict the LPT sell-off will trigger a price correction in the direct property market but at least when the dust settles, super funds should enjoy illiquidity premiums not seen in years.

Qantas Super switches to monthly MIC

RUTH LIEW  |  TUESDAY, 8 JUL 2008
The $6.6 billion Qantas Superannuation fund is replacing its quarterly member investment choice (MIC) switching options to monthly.

US pension fund to settle suit for $930m

RUTH LIEW  |  FRIDAY, 4 JUL 2008
The largest public pension fund in the US fires a warning shot against companies with lousy corporate governance when it demanded a company it invests in to re-write its CG policy and pay a $930 million cheque for wrongful share trading.

FTSE100 pensions in the red

MICHAEL HOBBS  |  THURSDAY, 3 JUL 2008
Watson Wyatt found FTSE100 companies' pension funds turned a combined $48 billion surplus a month ago into a $16.5 billion deficit last month due to the double whammy of stock market falls and high inflation.

GESB mutual on hold

RUTH LIEW  |  WEDNESDAY, 2 JUL 2008
WA-based GESB's plans to attain full mutual status yesterday faced financial and legal roadblocks - prompting a delay of the transition until 1 November this year.

AustralianSuper adopts daily crediting rates

MICHAEL HOBBS  |  WEDNESDAY, 2 JUL 2008
The $28 billion industry super fund giant, AustralianSuper is reporting all its investment option crediting rates on a daily basis, a move that sets a new standard for other industry funds to follow.

The hedge that saves

MICHELLE BALTAZAR  |  TUESDAY, 1 JUL 2008
Global insurers that invested heavily in so-called 'investment guarantee' products escaped the brunt of the liquidity crisis, giving actuarial firm Milliman the idea to explore how the same strategy could work for mums-and-dads investors in Australia.

Wanted: Wharton scholar

CAMERON BOGGS  |  TUESDAY, 1 JUL 2008
The Fund Executives Association Limited (FEAL) and KPMG are giving one local super fund executive a shot at a full scholarship to Wharton, one of the most prestigious business schools in the world.