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Superannuation

Invesco switches quant team to value, ratings on hold

ALISON BEVEGE  |  TUESDAY, 12 APR 2011
Invesco's Wholesale Australian Share Fund has had its four-star rating placed on hold by Standard and Poor's after announcing Concord Capital would take over the fund's management.

Bank reaches for industry fund members

ALISON BEVEGE  |  MONDAY, 11 APR 2011
ME Bank is seeking to increase its customer base of industry fund and union members by marketing a new home loan directly through the work place.

Plum avgs 13.5pc member contrib.

ELISE BURGESS  |  FRIDAY, 8 APR 2011
Plum Super member contributions have reached an average of 13.5 per cent across its entire 180,000-member network thanks to its three-part member service plan.

Funds to talk insurance

ALISON BEVEGE  |  FRIDAY, 8 APR 2011
Superannuation funds could help solve Australia's underinsurance problem if they communicated more with members, AIA Australia's chief executive told the 2011 Life Insurance Conference in Sydney this week.

Media Super wants corporate marriage

ALISON BEVEGE  |  THURSDAY, 7 APR 2011
Industry fund Media Super is dressing up to be the belle of the merger ball and is looking to attract corporate funds, casting its eyes towards Fairfax.

Super future hangs on High Court decision

ALISON BEVEGE  |  THURSDAY, 7 APR 2011
Super funds will be keenly watching the outcome of a precedent making High Court case that has the potential to destroy a major plank of superannuation legislation, an industry body said today.

Board seats open for Women in Super

MICHELLE BALTAZAR  |  WEDNESDAY, 6 APR 2011
Women in Super (WIS) continues its push for better representation of women on executive boards, particularly super funds, through a new scholarship program.

Hands off collectables: SISFA

ALISON BEVEGE  |  WEDNESDAY, 6 APR 2011
The Small Independent Superannuation Funds Association has asked the Government to leave the rules on collectables in self-managed super funds unchanged.

UBS in talks with small-caps team

ALISON BEVEGE  |  WEDNESDAY, 6 APR 2011
Management of UBS Global Asset Management's Small Companies Fund is in limbo after two members of its three-person team expressed their intention to leave.

Pooled funds lose cash

ALISON BEVEGE  |  WEDNESDAY, 6 APR 2011
Money is flowing out of managed funds and into bank accounts and independently managed accounts (IMAs), industry watchers said yesterday.