AUSTRALIA - An independent and sweeping review into Australia's trillion dollar superannuation system has called for the creation of a new industry-wide default option and puts greater emphasis on governance for superannuation trustees.
The central recommendation of the long-awaited Cooper Review is the previously announced establishment of a default superannuation option known as MySuper, which would lower superannuation fees and boost...
AUSTRALIA - The A$36.1bn ($38.6bn)Victorian Funds Management Corporation (VFMC) has reported overall of 3.63% Q1 and an annual return of 8.43%.
UK/AUSTRALIA - The Responsible Investment Association Australasia (RIAA) is to meet with UK fund managers today to discuss how they can meet the growing demand for responsible investment strategies from superannuation funds.
Rachel Alembakis looks at how Australian schemes are reducing the impact of taxation on investment returns.
AUSTRALIA - Australia's biggest Super funds have returned an average of just 4.5% a year over the past decade as a result of the global credit crisis, figures reveal.
AUSTRALIA/CANADA - The Canada Pension Plan Investment Board (CPPIB) has bid A$3.5bn (US$3.1bn) for Macquarie-backed Australian toll road operator Intoll Group.