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Superannuation

CSRF drops SIM for AMP

Catholic Super & Retirement Fund (CSRF) has given AMP Capital Investors an ethical investment mandate after Suncorp Investment Management informed the fund that it would be closing its Ethical Balanced Portfolio option once all current investors have ...

Pension funds milk green trends

RUTH LIEW  |  WEDNESDAY, 26 MAR 2008
As inflows into sustainable investing continue to break records, a leading consulting firm has recommended that pension funds should start drawing up detailed policies to capture the sector's returns.

Better FHSAs needed for buyers

RUTH LIEW  |  TUESDAY, 25 MAR 2008
Superannuation industry bodies AIST, ISN and IFF have banded together to propose measures tailoring First Home Saver Accounts to better aid struggling first home buyers.

Senate admits age pension falls short

RUTH LIEW  |  TUESDAY, 25 MAR 2008
A senate enquiry into the cost of living pressures on older Australians has confirmed what many pensioners already know - that the pension rate is not enough for day-to-day living costs.

CalPERS calls for ratings overhaul

RUTH LIEW  |  THURSDAY, 20 MAR 2008
The US' largest pension fund, California Public Employees' Retirement System (CalPERS), has backed efforts to push rating houses Fitch, Moody's and Standard & Poor's to reform their methods for rating government-issued bonds.

SSgA wins $200m hedge fund replication mandate

MICHAEL HOBBS  |  WEDNESDAY, 19 MAR 2008
State Street Global Advisors has been selected by UK-based Universities Superannuation Scheme (USS) to manage a $200 million hedge fund replication mandate.

Property before super: IPSOS

RUTH LIEW  |  WEDNESDAY, 19 MAR 2008
Despite all the government and industry initiatives to encourage Australians to save money through their super, new research shows many name property as their preferred retirement savings plan.

Scrap $5bn super funds

RUTH LIEW  |  WEDNESDAY, 19 MAR 2008
Warren Chant of Chant West said super funds with $5 billion or less "should not be in existence", but others are calling his claims over the top.

Choice system to cost $90m: CitiStreet

RUTH LIEW  |  WEDNESDAY, 19 MAR 2008
The cost of processing contributions associated with Australia's Choice of Fund system is around $20 to $30 million per year, and could reach $90 million by 2012, according to CitiStreet.

MTAA awards $450m quant mandate

MICHAEL HOBBS  |  TUESDAY, 18 MAR 2008
MTAA Super has awarded a $450 million mandate to BlackRock Investment Management to run a quantitative, tax-aware Australian equities portfolio.