AustralianSuper News

Loading the latest news for AustralianSuper

1. 4/28/2012 12:01:00 AM Correction
   published by Australian, The
   A REPORT in The Australian yesterday incorrectly said that Garry Weaven and Sandy Grant were board members of AustralianSuper.
   
2. 4/18/2012 5:07:00 PM Break open super, says industry fund
   published by Australian Financial Review (Abstracts)
   AustralianSuper has admitted that an open superannuation system could benefit many workers. AustralianSuper CEO Ian Silk said that, if a fund performed well in the long term and had adequate protection for investors, it should be eligible to be a default fund. Financial Services Council CEO John Brogden said that lack of competition impeded the freedom and...
   
3. 4/11/2012 1:51:00 PM Tax bill could kill big super fund merger
   published by Australian Financial Review (Abstracts)
   The Australian Government Employees Superannuation Trust says having to crystallise losses at the time of the fusion rather than being allowed to carry them over into the new combined entity is jeopardising its planned deal with AustralianSuper. This would mean 140,000 AGEST accountholders miss out on about$ A1m per month. Care Super and Asset Super had...
   
4. 4/9/2012 5:04:00 PM Super boss defends heavy investment in shares
   published by Sydney Morning Herald (Abstracts)
   Ian Silk, CEO of superannuation fund AustralianSuper, has responded to criticism of the industry. Experts such as ex-federal finance minister Lindsay Tanner, Super System Review head Jeremy Cooper, ex- Future Fund chair David Murray and former Treasury secretary Ken Henry have noted the overly high allocation of assets to shares by super fund managers.
   
5. 4/9/2012 5:04:00 PM Whither withering funds?
   published by Age (Abstracts)
   Ian Silk, CEO of superannuation fund AustralianSuper, has responded to criticism of the industry. Experts such as ex-federal finance minister Lindsay Tanner, Super System Review head Jeremy Cooper, ex- Future Fund chair David Murray and former Treasury secretary Ken Henry have noted the overly high allocation of assets to shares by super fund managers.
   
6. 3/20/2012 12:52:00 PM Funds learning to core real estate plays
   published by Australian Financial Review (Abstracts)
   Elena Rubin, chair of AustralianSuper, on 20 March 2012 addressed "The Australian Financial Review" Commercial Property Conference. She argued that there would be increased demand for such assets by local superannuation funds and offshore entities looking to gain exposure to direct property investment. At present, close to a third of all commercial real...
   
7. 3/20/2012 12:01:00 AM Sector defends unions' super role
   published by Australian, The
   Mr Abbott last week attacked the way industry funds created a ``gravy train'' for union bosses, raising expectations a Coalition government would increase the number of independent directors guarding employee savings. Australian Workers' Union national secretary Paul Howes and ACTU secretary Jeff Lawrence are also on the AustralianSuper board, alongside...
   
8. 3/18/2012 4:03:00 PM Super giant rejigs for $4bn splurge
   published by Australian Financial Review (Abstracts)
   AustralianSuper will invest an additional$ A4bn in the property sector in the four years to 2016, according to chair Elana Rubin. She said the industry super fund would also change its investment strategy. AustralianSuper had$ A42bn invested as of March 2012, but the figure is expected to rise to$ A100bn by 2017.
   
9. 3/11/2012 12:48:00 PM Pacesetter AustralianSuper opens up in Beijing
   published by Australian Financial Review (Abstracts)
   Federal public service veteran Stephen Joske will become an Asian investment adviser in AustralianSuper's new office in China. Joske will be based in Beijing, where his role will include advising the industry superannuation fund's investment committee on decisions about asset allocations in Asia. Joske has previously worked in China as the...
   
10. 3/2/2012 12:01:00 AM Billions owed to millions
    published by Herald Sun (Australia)
    Opening the books on the search for lost super this week, AustralianSuper chief executive Ian Silk said the average lost accounts his Victorian members discovered was $7507-- a significant sum that would grow much higher by retirement age when consolidated into a current fund. The largest average amounts recovered were in the ACT, followed by Tasmania,...
    
11. 2/13/2012 3:04:00 PM AGL in talks about increasing stake in Victorian power station
    published by Sydney Morning Herald (Abstracts)
    AGL Energy wants to boost its current holding of 32.54% in Loy Yang Power. It aims to acquire the same-sized stake of Tokyo Electric Power Company, which has been affected by the Fukushima nuclear power station accident. Ratch-Australia Corporation owns 14.03% of Loy Yang, MTAA Super 12.61%, AustralianSuper 5.78% and Statewide Superannuation 2.5%.
    
12. 2/13/2012 3:04:00 PM AGL play for sway
    published by Age (Abstracts)
    AGL Energy wants to boost its current holding of 32.54% in Loy Yang Power. It aims to acquire the same-sized stake of Tokyo Electric Power Company, which has been affected by the Fukushima nuclear power station accident. Ratch-Australia Corporation owns 14.03% of Loy Yang, MTAA Super 12.61%, AustralianSuper 5.78% and Statewide Superannuation 2.5%.
    
13. 2/8/2012 11:40:00 AM Cashed-up Challenger opens loan book
    published by Australian Financial Review (Abstracts)
    A tranche of$ A300m is coming from Singapore- based GIC, with the remainder sourced from an as yet unidentified sovereign wealth fund. Challenger already has cash worth$ A400m in the form of asset allocations by Hesta and AustralianSuper, and will now become active in the commercial property loans segment. Challenger is the market leader in the annuities...
    
14. 2/4/2012 11:43:00 AM For Elana Rubin, big is better
    published by Australian Financial Review (Abstracts)
    AustralianSuper chair Elana Rubin has a union background, like many executives in the superannuation sector. Rubin joined the ACTU in 1985 and was advised by its head, Bill Kelty, to study applied finance and investment. This led to a career in the super sector, which has since expanded to be worth$ A5 trillion.
    
15. 2/3/2012 12:01:00 AM Australia: AustralianSuper Owns Trademark for 'AustralianSuper'
    published by Australian Government
    AustralianSuper Pty. Ltd., Victoria, owns the trademark for' AustralianSuper' from Nov. 23, 2010, through Nov. 23, 2020. Lodgement Date: Nov. 23, 2010. For further details contact Holding Redlich, Victoria, Australia.