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Superannuation

VicSuper restructures asset allocation

RUTH LIEW  |  MONDAY, 29 NOV 2010
The $7.7 billion VicSuper has reallocated 5 per cent of its property portfolio to fixed interest, reduced its private equity holdings, and aimed to hedge 65 per cent of its international equities portfolio as part of its investments update in the last ...

New investment consultant for MilitarySuper

MEDIA RELEASE  |  FRIDAY, 26 NOV 2010
Towers Watson has been appointed as the principal investment consultant for the Military Superannuation and Benefits Scheme (MilitarySuper).

AMP Flexible Super records $1bn in FUM

RUTH LIEW  |  THURSDAY, 25 NOV 2010
AMP plans to broaden the consumer appeal of its low-cost Flexible Super product next year, after the new offering reached the $1 billion in funds under management mark within six months.

AustralianSuper to hit $110bn by 2020

RUTH LIEW  |  WEDNESDAY, 24 NOV 2010
AustralianSuper intends to triple its funds under management from the current $33 billion to $110 billion in the next ten years using a five-pronged growth strategy, including buying and merging with other super funds.

Port of Brisbane in the hands of super

RUTH LIEW  |  WEDNESDAY, 24 NOV 2010
The $33 billion AustralianSuper is adding the Port of Brisbane to its infrastructure portfolio - the latest addition to its $4.5 billion infrastructure portfolio after the fund signalled its intentions to be a key player in the asset class earlier this ...

First State app gets 11,000 hits

RUTH LIEW  |  TUESDAY, 23 NOV 2010
Less than four months after First State Super launched its inaugural iPhone app for members to check their super, the fund has recorded 11,000 downloads - and expects more people to sign up.

Maritime offers fixed term investment option

RUTH LIEW  |  MONDAY, 22 NOV 2010
Maritime Super is launching a new fixed term investment option next month - a strategy normally associated with retail super funds, and arguably the first of its kind introduced by an industry fund.

HIP appoints MLC as insurer, boosts cover

RUTH LIEW  |  FRIDAY, 19 NOV 2010
The $500 million-plus Health Industry Plan has appointed MLC as its group insurance provider and improved its insurance benefits for members.

OnePath embraces fee for service

MEDIA RELEASE  |  FRIDAY, 19 NOV 2010
OnePath has launched OneAnswer Frontier, a new range of fee-for-service products available through the OneAnswer platform.

More voice needed in policy debate: AustralianSuper

RUTH LIEW  |  THURSDAY, 18 NOV 2010
Super funds controlling Australia's $1.3 trillion retirement savings have not played a strong enough role in policy debates and need to lift their game, said the chief of the country's largest industry fund.