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Superannuation

CareSuper reviews custody contract with NAB

ALICE URIBE  |  THURSDAY, 31 OCT 2013
CareSuper is taking its custody contract to market as part of a review of its current custody arrangements with NAB Asset Servicing (NAS).

Three more MySuper licenses

ALEX DUNNIN  |  WEDNESDAY, 30 OCT 2013
Three more MySuper authorisations have been issued by the superannuation regulator APRA taking the number to 81 just two months befor the 1 January MySuper start date.

State Street wins three-fund custody contract

ALICE URIBE  |  TUESDAY, 29 OCT 2013
State Street has won a contract to provide custody services to three Queensland-based industry super funds, after they joined forces for the tender process.

LUCRF Super joins global calls to improve worker safety

STAFF REPORTER  |  FRIDAY, 25 OCT 2013
LUCRF Super has joined more than 200 institutional investors globally in signing the Investor Statement on Bangladesh, calling for workplace reform in garment factories in the South Asian country.

Govt confirms SG delay, kills LICS

MARK SMITH  |  FRIDAY, 25 OCT 2013
The Government has confirmed it will delay the increase in the compulsory superannuation contributions to 12% and that it will abolish the Lower Income Contribution Scheme.

NZ Super to put $126m in retirement village

JAMES FERNYHOUGH  |  FRIDAY, 25 OCT 2013
New Zealand Superannuation Fund looks likely to take on 17% of New Zealand retirement village provider Metlifecare, in a move that will see NZ Super raise its stake in the company to 19.9%.

HOSTPLUS targets SMSFs with direct infra option

JAMES FERNYHOUGH  |  THURSDAY, 24 OCT 2013
Industry super fund HOSTPLUS has said it will introduce a direct infrastructure investment option aimed at attracting investment from self-managed superannuation funds.

Investment industry urged to put society first

MARK SMITH  |  THURSDAY, 24 OCT 2013
A major power shift from intermediaries such as fund managers and investment banks to fiduciaries including Australian superannuation funds is gathering pace in the global financial services sector, according to the CFA Institute's Asia Pacific managing ...

Aust portfolio disclosure reforms toughest in world

JAMES FERNYHOUGH  |  WEDNESDAY, 23 OCT 2013
The Government should do research into how consumers will use super fund portfolio holdings disclosure, said J.P. Morgan's Marian Azer.

Brumby lauds Cbus board pay disclosure

JAMES FERNYHOUGH  |  WEDNESDAY, 23 OCT 2013
Former Victorian premier John Brumby has praised Cbus for the full disclosure of its board members' remuneration in its annual report, saying the fund is setting the precedent for the future.