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Showing 2311 - 2320 of 2989 results for "ARRA"

LUCRF widens insurance choice

RUTH LIEW  |  MONDAY, 9 NOV 2009
The $2 billion-plus LUCRF Super has improved its income protection insurance and introduced a range of options that allow members to insure their income for a dollar amount. Greg Sword, chief executive of LUCRF Super said the fund had implemented a ...

Perpetual close to recovering $125m for Mahogany

COMPANY RELEASE  |  MONDAY, 9 NOV 2009
Perpetual Trustees came a step closer to recovering the $125 million frozen from Mahogany Capital noteholders since the collapse of Lehman Brothers, following its second successful court ruling in the United Kingdom last week. Perpetual (PTCo) commenced ...

Custodians under review

MICHAEL HOBBS  |  WEDNESDAY, 4 NOV 2009
Having spent much of the past 18 months chopping and dicing investment mandates, super funds are now turning their attention on their custody contracts and how their custodian performed during the GFC. Greg O'Sullivan, head of investor services business ...

Child Care Super cuts fees, boost insurance

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
Retail fund Australian Child Care Super Fund is introducing a new tiered fee structure to lower costs for members, and upgraded its insurance cover last month. ACCSF introduced the tiered fee structure on 1 October - a move that will see members pay ...

HSBC takes over local distribution

MICHAEL HOBBS  |  TUESDAY, 3 NOV 2009
HSBC has dropped its local funds distribution arrangement for its Asia and China investment strategies with Challenger this week in favour of distributing the funds itself. Charles Genocchio, head of global investments at HSBC in Australia, said Challenger ...

Plum wins NAB Super mandate

RUTH LIEW  |  TUESDAY, 3 NOV 2009
Plum Financial Services' assets under administration are set to reach $11.2 billion after the $2.9 billion NAB Group Superannuation Fund subcontracted its administration services to Plum. According to a fund statement, National Australia Bank had elected ...

AUI raises redemptions for Mortgage Income

COMPANY RELEASE  |  TUESDAY, 27 OCT 2009
Effective this week, investors in the Mortgage Income Trust (MIT) of Australian Unity Investments (AUI) withdraw up to two percent of their total investment in the Trust each month or $2,000 - up from the previous cap of one per cent. AUI will also ...

Frontier takes tough stance against asset-based fees

MICHELLE BALTAZAR  |  MONDAY, 26 OCT 2009
Asset consultant Frontier, which has $91 billion in funds under advice, has sent a letter last week to all the external fund managers of its super fund clients to consider charging flat dollar fees, instead of asset-based fees, on their investment mandates. ...

TPD tax changes could increase premiums: ASFA

MICHAEL HOBBS  |  FRIDAY, 16 OCT 2009
Tax changes around the deductibility of insurance premiums for disability superannuation benefits has been criticised by one industry association that warns insurance premiums may rise. According to the Association of Superannuation Funds of Australia ...

OAMPS signs on Money Solutions

RUTH LIEW  |  FRIDAY, 16 OCT 2009
Retail super fund OAMPS Super has appointed Money Solutions as its financial advice provider. OAMPS, which had $224 million in funds under management at the end of June according to Rainmaker Information, started the new financial planning service arrangements ...