Australian superfunds need to address the ‘black box’ of equity trading

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Superannuation funds need to throw a bright spotlight on the cost of trading their portfolios, says Raewyn Williams, head of research of the Australian arm of the U.S. fund manager Parametric. Williams says there is “significant savings” potential based on how a portfolio is traded, but most funds have very little information about how much... Read more continue reading

Local Government Super becomes RIAA certified

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Local Government Super (LGS) has announced it has been certified as a responsible super fund by the Responsible Investment Association Australasia (RIAA), the peak industry body representing responsible and ethical investors across Australia and New Zealand. The RIAA Certification Program aims to increase the uptake of responsible investment by guiding consumers towards more responsible and ethical... Read more continue reading

LGIAsuper appoints Parametric for tax managed CPM

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Queensland local government superannuation fund, LGIAsuper, has appointed the US investment manager Parametric to implement a Tax-Managed Centralised Portfolio Management (CPM) solution for its Australian and international equity portfolios. The CPM solution, involving assets totaling around $3.5 billion, is expected to be implemented by the end of April of this year. LGIAsuper, which currently invests... Read more continue reading

Insurance bonds on the comeback trail as income streams

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Retirees are rediscovering insurance bonds as a way to supplement their retirement income from within a tax paid environment and still maintain access to their funds, says Richard Atkinson, AUSTOCK Life. Insurance bonds are emerging as a solution for nervous retirees who want an income stream solution that provides a guaranteed income as well as... Read more continue reading

Top performing super funds in 2015

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Median balanced options delivers 5.6% in 2015 The median Balanced Option recorded a 0.2% gain in December, taking the 2015 calendar year return to 5.6%. While this sits well below the 16.3% and 8.1% returns seen in 2013 and 2014, it is a solid result given volatile market conditions. International Shares were again the key driver... Read more continue reading

Innovation key to constructing comprehensive retirement income products, shows latest Parametric research

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If current superannuation themes were arranged, like pop songs, into a Top 40 chart, the concept of a ‘Comprehensive Income Product for Retirement’ (or CIPR as it is commonly known), for superannuation members would be ‘number one with a bullet’, says Raewyn Williams, Director, Research and After-Tax Solutions, Parametric. “This is the industry’s opportunity to... Read more continue reading

Technology challenges uppermost in minds of Australian super funds

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Australian super funds plan to substantially increase their spend on technology in 2016 as funds grapple with the challenges and opportunities presented by rapid technological change, according to Australia’s leading technology-enabled outsourced superannuation administrator Link Group. A survey of major super fund CEOs recently conducted by Link Group shows that 92% of funds expect to... Read more continue reading

Focus on delayed annuity purchase could be key to successful retirement planning

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A potential solution to one of the Australian superannuation industry’s biggest challenges—helping plan members make the transition to retirement—may lie partly in designing a process to enable members to effect the change in three stages, global asset manager AllianceBernstein (AB) said yesterday. Instead of moving directly from the accumulation phase to the final income stage... Read more continue reading

Sunsuper announces strategic partnership with Neuberger Berman

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Sunsuper has awarded a large diversified mandate to Neuberger Berman that will form the basis of a multi-asset class strategic partnership. Sunsuper’s partnership with Neuberger Berman accesses a globally diversified portfolio actively allocating across 12 of Neuberger Berman’s strategies. It will enable real time access to market opportunities across asset classes, and promote well-timed discussion... Read more continue reading

Australia’s best superannuation funds

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A review of more than 620 superannuation products, covering 21 million super fund members, has found little correlation between size and overall net benefit to members. While large funds generally display the benefits of scale, many smaller funds provide excellent value for money. This year’s annual review of Australia’s superannuation sector by SuperRatings once again... Read more continue reading