AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.
AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.
AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.
AUSTRALIA - The merger between the A$2.4bn (US$2.5bn) StatewideSuper and the A$1.7bn Local Super will move to the next stage, beginning the due diligence process following approval in principle from the funds' major shareholders.
Jeremy Cooper, author of Australia's Cooper review on superannuation, talks about his vision behind a lower-cost, more efficient pension system. He talks about the failure of traditional drivers of competition to lower prices in the financial services...
AUSTRALIA - The A$24bn Commonwealth Superannuation Corporation has hired Northern Trust as custodian, marking the firm's first full-service master custody client in Australia.
AUSTRALIA - The Australian Institute of Superannuation Trustees (AIST) has called for the abolition of the A$450 ($437) monthly earnings threshold for superannuation guarantee contributions.
Rachel Alembakis looks at the details behind the Australian government's plans to create a cheaper, more effective pensions industry
Raquel Pichardo-Allison speaks to Jeremy Cooper, chairman of retirement income at Challenger and the man behind the government mandated Cooper Review into superannuation. His review led to near-immediate action to re-mould the Australian pensions industry....
Rachel Alembakis finds superannuation funds are holding off on large-scale changes to investment strategies, at least for now
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
AUSTRALIA - The Australian Prudential Regulatory Authority is seeking feedback on proposals to strengthen corporate governance at super funds by requiring them to hold more capital, conduct stronger due diligence on external managers and improve risk...
AUSTRALIA/EUROPE - The head of Australia's sovereign wealth fund has launched a harsh attack on eurozone's political class, saying the bloc's debt crisis stemmed from "a failure of government to understand the nature of financial markets and to stop the...
AUSTRALIA - The superannuation industry has broadly welcomed the final details of the government's Stronger Super reforms, which it claims could result in a rise in member savings equivalent to a 1% increase in contributions.
AUSTRALIA - RecruitmentSuper has been awarded a five-star rating for "outstanding value" for a second consecutive year.
AUSTRALIA - The A$17bn ($17.3bn) Sunsuper superannuation fund has retained Mercer as its investment consultant for the next three years.
AUSTRALIA - Asset Super and CareSuper are in discussion about a possible merger, their chairmen have confirmed.
AUSTRALIA/NEW ZEALAND - Northern Trust has appointed Rohan Singh as managing director of its Australia and New Zealand business.
UK/AUSTRALIA - Logica has linked up with Australian superannuation exchange SuperChoice to offer UK pension providers a streamlined product to process contributions under auto-enrolment.
AUSTRALIA - Prime minister Julia Gillard today rejected the idea of starting a sovereign wealth fund calling superannuation funds themselves "our trillion dollar sovereign wealth fund, but with market benefits".
NEW ZEALAND - The New Zealand superannuation fund is defending against Green Party claims saying it invests in companies manufacturing cluster bombs.
UK/AUSTRALIA - Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.
AUSTRALIA - The growing trend for mergers between industry superannuation funds may not be serving the best interests of members, research by Russell Investments warns.
AUSTRALIA - The median growth superannuation fund (61 to 80% growth assets) fell 1.5% in July on the back of weak share markets, research from Chant West shows.