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Superannuation

Subprime wipes 500bp off loonie pension

RUTH LIEW  |  MONDAY, 21 JAN 2008
Canadian pension plans have proven to be far from immune to the US sub-prime crisis, as the sector reported paltry returns for its investors against a backdrop of tightening global credit and recessionary pressures in the US.

BNY Mellon scores first NZ mandate

RUTH LIEW  |  FRIDAY, 18 JAN 2008
Global financial services company BNY Mellon Asset Management has announced that its Australian distribution subsidiary arm has won its first institutional client in New Zealand.

Super funds to hold firm despite market crisis

Against the doom and gloom predictions surrounding debt and equities markets, historical data and projections from Selecting Super suggest Australian super funds will ride the market volatility and stay in the black by year-end.

Investors look east, Australia falls behind

RUTH LIEW  |  THURSDAY, 17 JAN 2008
Hong Kong has topped the list once more as the world's most liberal economy, boasting one of the best markets in the world for investors looking to capitalise on a free economy, suggests an annual report by the Heritage Foundation and the Wall Street ...

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.