superannuation guarantee

LGsuper has appointed OnePath Life as the fund's group insurer effective from July 1 this year.

 

The appointment, which represents an increase of more than $20 million to OnePath's annual premium, was the result of a tender process in late 2011 following LGsuper's merge with City Super.

 

From Financial Standard:

The proposed level of involvement by the Australian Prudential Regulation Authority in commercial arrangements between super funds and employers under the new draft MySuper Bill is unnecessary and inefficient, according to retail bodies.

 From Financial Standard:

Australian super assets have rocketed up 17% in annual growth rate in ten years to US$1.3 trillion, or the equivalent of 96% of Australia's GDP, according to the Towers Watson Global Pension Assets Study.

AGEST Super is an industry super fund with membership predominantly from the Commonwealth, Northern Territory and ACT Governments. We get many enquiries from clients who have AGEST superannuation and consider switching t, Mercer, Comsuper, PSSAP, GESB, AustSafe, VicSuper, Super SA, NGS, Health Insutry Plan Super. AGEST Super has 130,000 members, 17,000 employers and $4.3 billion in members' assets.