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Superannuation

Trustee outsourcing deals in regulator spotlight

ALEX DUNNIN  |  TUESDAY, 13 JUL 2010
New research from APRA reveals that while the focus on super funds using related party service providers often focuses on not-for-profit funds, it is the outsourcing practices of retail funds that present more concerns to the regulator.

Plum wins BP super mandate

PLUM UPDATE  |  TUESDAY, 13 JUL 2010
Plum has been appointed to provide superannuation services for the $470 million BP Superannuation Fund.

Auscoal switches to daily unit pricing

RUTH LIEW  |  TUESDAY, 13 JUL 2010
The $5 billion-plus Auscoal Super has switched from weekly crediting rates to daily unit pricing in line with the broader industry shift towards daily unit pricing.

More planners gain SMSF cred

RUTH LIEW  |  TUESDAY, 13 JUL 2010
SPAA has recorded a 20 per cent jump in advisers seeking self managed super fund (SMSF) specialist accreditation as planners embrace higher professional standards to cater for the biggest sub-segment of the superannuation industry.

Challenger wins $200m from AustralianSuper

AUSTRALIANSUPER RELEASE  |  MONDAY, 12 JUL 2010
AustralianSuper has signed a $200m deal to invest in an unlisted debt portfolio managed by Challenger Financial Services Group, which invests in a combination of property and private equity debt in Australia and New Zealand.

GESB can manage tougher measures on capital reserves

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
WA-based GESB said the super fund supports the Cooper Review's recommendation on new capital requirements and said it won't be an issue even if - in theory - the super fund grows to $350 billion, the average size of a super fund by 2035 based on Treasury ...

Maritime and Auscoal Super in merger talks

RUTH LIEW  |  FRIDAY, 9 JUL 2010
Maritime Super is in merger talks with coal community industry fund Auscoal Super to create an $8 billion-plus fund.

Cbus and St Hilliers tag housing project

RUTH LIEW  |  THURSDAY, 8 JUL 2010
Cbus Property, a subsidiary of the $13 billion super fund Cbus, and St Hilliers are teaming up to launch a marketing campaign for a $148 million luxury apartment development project in Darlinghurst.

Omega wins Medibank and Telstra Super mandates

RUTH LIEW  |  WEDNESDAY, 7 JUL 2010
Specialist fixed income manager Omega Global Investors has won a $50 million mandate from Medibank and a second from Telstra Super for an undisclosed sum.

HOSTPLUS and ME Bank open shop

MEDIA RELEASE  |  WEDNESDAY, 7 JUL 2010
HOSTPLUS and ME Bank have opened a full service retail outlet on the Gold Coast, marking the super fund and the bank's foray into providing traditional banking services - but with superannuation advice available, too, if their customers request it.