Superannuation

NEW ZEALAND - The New Zealand Super Fund returned 15.45% for the year to June, benefiting from the rebound in global equity markets.

AUSTRALIA - Superannuation funds should introduce financial condition reports similar to those required for insurance companies, Mercer believes.

NEW ZEALAND - The New Zealand Superannuation fund was down 1.37% in August due to declining global equity markets.

Papers documenting the beginning of the cult of equity investment by pension schemes have been digitised and put online by The Pensions Archive Trust.

AUSTRALIA - Mining companies should introduce a minimum superannuation contribution of 12% in any new workplace agreements, resources Minister Martin Ferguson said.

AUSTRALIA - Superannuation funds will have to pay closer attention to their decision-making process and board composition in the wake of the Cooper Review recommendations, Russell Investments warns.

AUSTRALIA - Australia's median growth superannuation fund returned 2.2% in July on the back strong equity performance over the month.

NEW ZEALAND - The New Zealand Superannuation Fund increased its global equities exposure from 45.1% to 63.1% over the month to July 31 and reported pre-tax returns of 4.76%.

AUSTRALIA - Australia's Superannuation industry has criticised Tony Abbott's coalition party for failing to release a substantive pensions policy just hours before the General Election.

AUSTRALIA - Superannuation funds will save A$20bn ($18bn) over the next decade if the Cooper review's SuperStream proposal is implemented, according to research by the Financial Services Council (FSC) and Ernst & Young.