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Superannuation

Canadian pensions down again

RUTH LIEW  |  MONDAY, 21 APR 2008
Canadian pension funds suffered a slump for the third consecutive quarter as deepening financial worries depressed equity markets worldwide.

Tasplan uses ant mascot as Gen Y magnet

RUTH LIEW  |  MONDAY, 21 APR 2008
Tasplan has formed a new line of attack against superannuation illiteracy - introducing Superant, the new animated mascot that helps young Australians engage with their super.

Give advice a tax break

The Industry Super Network has called for the Federal Government to provide tax breaks on financial advice but only if the advice was fee-for-service not commission-based.

Retirement liabilities dwarf assets six-fold

ALEX DUNNIN  |  FRIDAY, 18 APR 2008
Worldwide pension savings might have doubled in the 10 years to 2006 to US$24 trillion but retirement liabilities are estimated to be more than six times that, reveals the State Street Corporation pension industry Vision Report.

ANU down $100 million

ALEX DUNNIN  |  THURSDAY, 17 APR 2008
The global sharemarket correction has cost the Australian National University (ANU) $100 million.

Super funds commit 6pc to private equity

MICHAEL HOBBS  |  WEDNESDAY, 16 APR 2008
Australia's largest superannuation funds have boosted their private equity investment from 4.5 per cent to 6 per cent of total assets over a three year period, according to a University of New South Wales (UNSW) survey.

Instos to spend big in India

MICHAEL HOBBS  |  TUESDAY, 15 APR 2008
Two thirds of Australian institutional investors polled in the Centre for Investor Education (CIE) conference about India said they expect to increase their portfolio allocation to the region in the coming year.

FIRST Super, TISS and PPWSF to merge

RUTH LIEW  |  MONDAY, 14 APR 2008
Industry superannuation funds FIRST Super, TISS and PPWSF are merging on July 1 to form First Super - a new $1.5 billion fund servicing members in the furniture, pulp, paper, and timber industries.

Alternatives cause valuation headaches

MICHAEL HOBBS  |  THURSDAY, 10 APR 2008
Super fund legalsuper has taken extra steps when reviewing its alternative assets portfolio to address concerns that members could risk losing their savings from mispricing of illiquid assets.

LUCRF ups insurance stakes

RUTH LIEW  |  THURSDAY, 10 APR 2008
Industry super fund LUCRF Super has increased its death and total and permanent disablement (TPD) insurance - a decision that will see its members obtain more than double the cover at the same premium rates.