Superannuation

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.

NEW ZEALAND - The New Zealand superannuation fund is defending against Green Party claims saying it invests in companies manufacturing cluster bombs.

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.

AUSTRALIA - The HOSTPLUS superannuation fund has awarded Industry Funds Management (IFM) a A$100m (US$104m) active Australian equities mandate.

AUSTRALIA - Mercer has urged superannuation fund members not to panic in the face of market volatility.

AUSTRALIA - Superannuation funds have seen a massive spike in calls from members concerned by the ongoing global market volatility, an industry body said.

AUSTRALIA - The Financial Services Council has called for the Productivity Commission to bring forward its enquiry into how default funds are awarded in negotiated agreements.

AUSTRALIA - Milestone Group has launched a new Tax Expense Calculation module for superannuation funds.

AUSTRALIA - The A$2.4bn (US$2.5bn)StatewideSuper and A$1.7bn Local Super have argreed to merge, creating one of the largest superannuation funds in South Australia.