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Superannuation

Cavendish buys Bendzulla Actuarial

COMPANY RELEASE  |  TUESDAY, 4 MAY 2010
Cavendish Superannuation has bought actuarial and retirement services group, Bendzulla Actuarial.

Govt unveils more super reforms

RUTH LIEW  |  MONDAY, 3 MAY 2010
The Rudd Government hopes to boost national retirement savings by raising the superannuation guarantee from 9 to 12 per cent - a move that drew a mixed response from the industry.

Asteron leaves KiwiSaver market

COMPANY RELEASE  |  FRIDAY, 30 APR 2010
Asteron is pulling out of the New Zealand KiwiSaver market.

Cooper wants collectables banned from SMSFs

MICHAEL HOBBS  |  THURSDAY, 29 APR 2010
SMSFs should be banned from including collectables and 'personal use' assets into their fund and will be subject to tougher penalties if they break the rules, according to the preliminary recommendations of the Cooper Review released today.

CalPERS fights BoA directors election

COMPANY RELEASE  |  THURSDAY, 29 APR 2010
One of the biggest pension funds in the US, CalPERS, has opposed the re-election of six Bank of America directors who failed to fully disclose the true financial condition of Merrill Lynch before the controversial merger in September 2008.

LUCRF Super appoints global eq managers

COMPANY RELEASE  |  THURSDAY, 29 APR 2010
Industry fund LUCRF Super has appointed Arrowstreet Capital LP, MFS Investment Management and DFA Australia (Dimensional) as its new international equity managers.

Single-issue advice soars 59pc: ESI Super

COMPANY RELEASE  |  WEDNESDAY, 28 APR 2010
Contrary to popular belief that Gen Yers are indifferent to their super savings, one super fund has recorded a 59 per cent jump in members seeking limited advice in the past three months.

HOSTPLUS and ME drop Melbourne Storm

MICHAEL HOBBS  |  FRIDAY, 23 APR 2010
HOSTPLUS and ME Bank have terminated their sponsorships with Melbourne Storm in the wake of the NRL scandal.

LUCRF invests in new cash account

COMPANY RELEASE  |  FRIDAY, 23 APR 2010
LUCRF Super has become the first investor in ME Bank's new Super Cash Management Account.

Kinetic wins CBUS mandate

RUTH LIEW  |  THURSDAY, 22 APR 2010
Kinetic Investment Partners has won a small-caps equities mandate from the $13 billion CBUS.