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Superannuation

Super fund reporting to go online: ASIC

RUTH LIEW  |  MONDAY, 23 JUN 2008
The country's financial regulator ASIC is giving super funds the go ahead to use the web as their default method of delivering annual fund information to members, as long as certain conditions are met.

TRS pumps $1.26bn into PE

RUTH LIEW  |  MONDAY, 23 JUN 2008
US-based Teachers' Retirement System of the State of Illinois (TRS) pours $1.26 billion of new funds into private equity after its $2.3 billion investment in the sector turned to be a money spinner returning 23 per cent in the year to March.

Retail super weigh in on transparency debate

MICHAEL HOBBS  |  FRIDAY, 20 JUN 2008
Retail super fund providers are backing the introduction of a standardised super fund performance table, as proposed by the ISN, but on certain conditions.

Salary sacrifice on the rise: legalsuper

RUTH LIEW  |  FRIDAY, 20 JUN 2008
The $1 billion industry fund, legalsuper, has experienced a 50 per cent increase in salary sacrifice contributions at the end of May, despite returns being the worst for 20 years.

Life settlements open to Aussie investors

RUTH LIEW  |  WEDNESDAY, 18 JUN 2008
Life settlements might seem like an unconventional asset class - but an Australian fund manager claims the sector poses a fresh set of opportunities for local insto investors.

Super fund reporting should be standardised: ISN

Industry Super Network (ISN) has called for reporting of superannuation returns to be standardised, in the same way as managed fund returns are currently reported, to provide investors with better transparency over their superannuation savings.

Asset signs on IFFP

RUTH LIEW  |  MONDAY, 16 JUN 2008
Asset Super has employed Industry Fund Financial Planning (IFFP) to supply single issue advice to its members.

East Timor Petroleum fund signs JPMorgan

MICHAEL HOBBS  |  MONDAY, 16 JUN 2008
JPMorgan extends its custodial reach in Asia-Pacific after being chosen by East Timor's Banking & Payments Authority of Timor-Leste (BPA) as global custodian and administrator for the $3 billion Petroleum Fund.

van Eyk wary of boutique performance

MICHAEL HOBBS  |  FRIDAY, 13 JUN 2008
Investment research firm, van Eyk remains pessimistic on the growing number of investment corporate and independent boutiques ability to outperform during volatile equity markets as the investment manager talent pool shrinks.

ING IM funds 'on hold' after departures

MICHAEL HOBBS  |  THURSDAY, 12 JUN 2008
Standard & Poor's placed an 'on hold' rating on various ING Investment Management's funds after four Australian equities portfolio managers, including two directors, resigned from the firm.