UK - Experts from around the world have been in talks with the UK's Personal Accounts Delivery Authority (PADA) to offer advice on the personal accounts system which will be introduced into the country in 2012.
Senator Nick Sherry, minister for superannuation and corporate governance in Australia, was in talks with PADA in January to discuss with the authority his experience on the issues of setting up a new...
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.