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Superannuation

Stop illegal early release of super: ASIC

ASIC RELEASE  |  TUESDAY, 1 SEP 2009
ASIC has fired its warning shot on illegal early release on super - and is appealing to trustees to help plug increasing cases spurred by losses from the GFC.

LGS appoints Mercer as consultant

COMPANY RELEASE  |  TUESDAY, 1 SEP 2009
The $6 billion NSW-based Local Government Super has appointed Mercer as its new asset consultant to replace Intech Investments.

Industry pushes for super concessions for women

MICHAEL HOBBS  |  TUESDAY, 1 SEP 2009
The call for super reforms designed to boost the retirement savings of women grows louder as more research show the gender divide when it comes to super is wider than ever before.

Veritate $1m payment not linked to Sunsuper investment

MICHELLE BALTAZAR, ALEX DUNNIN  |  MONDAY, 31 AUG 2009
An investigation by forensic accountants at Deloitte has found the $1 million payment to Veritate Pty Ltd was not linked to Sunsuper's $100 million investment into the Trinity Property Trust.

Trust in escrow

MICHELLE BALTAZAR  |  MONDAY, 31 AUG 2009
Local instos are busily combing the market for bargain investments following the GFC - but with the threat of counterparty risk looming larger today than in any other point of the current economic cycle, many are snubbing standard contracts in favour ...

UK pensions seek to award $400m mandates

RUTH LIEW  |  MONDAY, 31 AUG 2009
Australian fund managers with international equities expertise should pay attention to three UK pension funds, which are looking to dish out more than $400 million in international shares and index-linked gilts mandates.

Asset completes investment review

COMPANY RELEASE  |  MONDAY, 31 AUG 2009
The $1.1 billion Asset Super has recently completed the last stage of its investment restructuring process, including changes to the fund's cash, international and Australian equities, alternative and international fixed interest mandates.

ISN unveils new industry fund campaign

COMPANY RELEASE  |  MONDAY, 31 AUG 2009
Industry Super Network has embarked on its latest advertising blitz to promote industry super funds - this time with a bigger emphasis on ISF's new logo and a renewed message on the funds acting "only for the benefit of members".

VicSuper sponsors Energise Enterprise

RUTH LIEW  |  FRIDAY, 28 AUG 2009
The $6.1 billion VicSuper is putting its weight behind small Victorian businesses by sponsoring the Energise Enterprise festival for the month of August.

Diversa buys MARF Super

COMPANY RELEASE  |  FRIDAY, 28 AUG 2009
Super administration and investment management house Diversa has entered into an agreement to buy the $37 million retail master trust, Managed Australian Retirement Fund.