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Superannuation

Citi wins custody of Norway's Oil Fund

JAMES FERNYHOUGH  |  TUESDAY, 6 MAY 2014
Citi has replaced JP Morgan as custodian to Norges Bank Investment Management (NBIM), the body that manages Norway's $850 billion Government Pension Fund Global.

LUCRF divests $5 million of cluster munition and tobacco

LAURA MILLAN  |  TUESDAY, 6 MAY 2014
LUCRF Super has approved the negative screening and divestment of cluster munition manufacturers and tobacco companies from its investment portfolios.

'Choice' dashboard, portfolio disclosure delayed to 2015

ALEX DUNNIN  |  TUESDAY, 6 MAY 2014
The government has announced that the start date for the product dashboard for 'choice' super funds and introduction of the portfolio holdings disclosure regime will be delayed 12 months to July 2015.

Custodians fight hard for big super deals

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
Custodians are fiercely competing to win the business of Australia's largest superannuation funds, with some trading in short-term commercial gain in exchange for strategic long-term deals.

Super on track for double-digit year

ALEX DUNNIN  |  MONDAY, 5 MAY 2014
The SelectingSuper Workplace rolling 12 month default option index dampened slightly during March to return 12.6%, pointing to 2013-14 being on-track to be another double-digit performance year.

Industry asks for long-term, comprehensive approach to Age Pension

LAURA MILLAN  |  FRIDAY, 2 MAY 2014
The financial services industry has asked the government to take a long-term, comprehensive approach to any changes to the Age Pension and to the superannuation preservation age, following the release of the National Commission of Audit report.

Qantas Super appoints new investment adviser

ALICE URIBE  |  THURSDAY, 1 MAY 2014
Mercer will become Qantas Super's new principal investment adviser, taking over from Towers Watson who had held a contract with the fund for 10 years.

Brogden reveals thinking behind FWC legal challenge

JAMES FERNYHOUGH  |  WEDNESDAY, 30 APR 2014
The Financial Services Council's (FSC) decision to challenge the constitutional basis of the Fair Work Commission (FWC) Expert Panel in the Federal Court is part of a strategy to "damage the credibility of the process", FSC chief executive John Brogden ...

OneVue pitches Managed Accounts to industry funds

ALEX DUNNIN  |  WEDNESDAY, 30 APR 2014
Managed account provider OneVue is pitching its services to industry super funds that may be looking to add low cost platform functionality in an effort to meet the investment needs of high-end fund members who may otherwise be tempted to set up their ...

Defence Bank unveils pension product

STAFF WRITER  |  WEDNESDAY, 30 APR 2014
The Defence Bank has launched a new product designed for members in either the accumulation or the retirement stage of life.