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Superannuation

SMSFs keep portfolios unchanged

MICHAEL HOBBS  |  THURSDAY, 17 JAN 2008
As many investment managers scramble to reformulate their strategies amid the market turmoil, SMSFs are staying put, according to SMSF professionals.

AustralianSuper selects JPMorgan

One of the country's largest super funds AustralianSuper has signed up JPMorgan to provide administration and reporting services tailored to private equity investments.

Govt urges auto-rolling of $9.7bn lost super

RUTH LIEW  |  WEDNESDAY, 16 JAN 2008
The Minister for Superannuation and Corporate Law, Nick Sherry, has suggested an automatic rollover system for lost super to help reduce the number of unclaimed super accounts, which now stands at nearly $10 billion.

The 93pc tax sting

RUTH LIEW  |  WEDNESDAY, 16 JAN 2008
No one really likes the taxman, but the threat of being taxed up to 93 per cent on your super elevates the dread to a whole new level.

A fresh take on deductible contributions

RUTH LIEW  |  TUESDAY, 15 JAN 2008
Tax deductibility on personal super contributions has long been a bone of contention among many Australians but a superannuation specialist thinks there's a simpler way to approach the subject.

Funds SA splurges $1.4b on mandates

RUTH LIEW  |  TUESDAY, 15 JAN 2008
Funds SA has awarded $1.4 billion in mandates to a trio of leading fund managers in a move to strengthen the fund's quantitative portfolio.

SMSFs lead charge

Self managed super funds (SMSFs) are fast closing in on retail funds as the largest super fund segment by total assets, based on the latest APRA statistics released last month which showed SMSFs posting higher growth than retail and other fund segments.

RBC Dexia wins AXA North

MICHAEL HOBBS  |  MONDAY, 14 JAN 2008
AXA Australia extends its relationship with RBC Dexia Investor Services, selecting the company to provide custody for its superannuation platform, North.

ARIA looking for new CEO

ALEX DUNNIN  |  FRIDAY, 14 DEC 2007
The Australian Reward Investment Alliance (ARIA), trustee of the commonwealth public sector super schemes PSS, CSS and PSSap, is looking for a new chief executive following the resignation of current boss Steve Gibbs.

Consumer code needs overhaul

The Productivity Commission has issued a draft report calling for a review of the country's state and territory-based consumer policy framework and the introduction of a "single, generic consumer law" applying across Australia.