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Superannuation

Mercer wins Equipsuper mandate

RUTH LIEW  |  FRIDAY, 6 NOV 2009
The $4 billion Equipsuper has chosen Mercer to provide member administration services to the fund.

Big tax reforms on way for super: Tsr

ALEX DUNNIN  |  FRIDAY, 6 NOV 2009
Treasurer Wayne Swan has foreshadowed major tax reform to make superannuation fairer is on the way.

LUCRF Super hires new Aussie eq managers

RUTH LIEW  |  THURSDAY, 5 NOV 2009
The $2.2 billion LUCRF Super has appointed JF Capital Partners, Northcape Capital and Perpetual as its new Australian equities managers.

Fidelity, Edinburgh and Sarasin win mandates

COMPANY RELEASE  |  THURSDAY, 5 NOV 2009
The $9.5 billion Western Australia-based GESB has appointed Fidelity, Edinburgh Partners and Sarasin & Partners as new managers in its $2.5 billion international equities portfolio.

Custodians under review

MICHAEL HOBBS  |  WEDNESDAY, 4 NOV 2009
Having spent much of the past 18 months chopping and dicing investment mandates, super funds are now turning their attention on their custody contracts and how their custodian performed during the GFC.

Pension fund head gets jail sentence

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
The former head of a Swiss teachers' pension fund has been sentenced to four years imprisonment after being convicted of a string of offences including fraud and embezzlement.

Child Care Super cuts fees, boost insurance

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
Retail fund Australian Child Care Super Fund is introducing a new tiered fee structure to lower costs for members, and upgraded its insurance cover last month.

EISS appoints Mercer as consultant

RUTH LIEW  |  TUESDAY, 3 NOV 2009
The $2 billion plus NSW-based Energy Industries Superannuation Scheme has appointed Mercer as its new asset consultant.

Plum wins NAB Super mandate

RUTH LIEW  |  TUESDAY, 3 NOV 2009
Plum Financial Services' assets under administration are set to reach $11.2 billion after the $2.9 billion NAB Group Superannuation Fund subcontracted its administration services to Plum.

SMSFs tip more into international equities

RUTH LIEW  |  TUESDAY, 3 NOV 2009
SMSF allocation to international equities has increased for the first time in 18 months, a change in sentiment that bodes well for global equities managers hoping to tap into the country's fastest growing super segment.