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Superannuation

CalPERS takes legal action against state furloughs

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
CalPERS, one of the largest US pension funds, has filed legal action seeking a judicial review of California's state-imposed furlough program - stating the scheme inhibits the fund's ability to meet its contractual responsibilities.

APRA launches data revolution

ALEX DUNNIN  |  THURSDAY, 20 AUG 2009
APRA has released its fund level returns data and in the process launched a revolution in the extent of data now available for researchers investigating superannuation.

ASIC cracks down on early release of super

ASIC RELEASE  |  THURSDAY, 20 AUG 2009
ASIC is charging Regina Faleono and Lucia Sini for the illegal early release of a combined $702,609 in members' funds.

Clock ticking for UK defined benefit schemes

COMPANY RELEASE  |  THURSDAY, 20 AUG 2009
Research has found half the UK companies with defined benefit pension schemes expect to close them to all employees in the next three years, forcing employees to rely on defined contribution schemes instead.

LGS wins green globe award

COMPANY RELEASE  |  WEDNESDAY, 19 AUG 2009
Local Government Super has been awarded the 2009 Commercial Property Green Globe Award.

VicSuper and FSS win AIST scholarships

COMPANY RELEASE  |  WEDNESDAY, 19 AUG 2009
Peter Lunt, executive manager investments at VicSuper and Cristina Cifuentes, trustee director of First State Super, have been named the winners of the 2009 AIST Educational Scholarships.

Active members can cause asset allocation headache

MICHAEL HOBBS  |  MONDAY, 17 AUG 2009
Financial literacy and a push for more Australians to be engaged with superannuation will have a profound effect on super fund asset allocations, said one industry body.

Aon awards mandate to Vanguard

RUTH LIEW  |  MONDAY, 17 AUG 2009
The $1.6 billion Aon Master Trust has appointed Vanguard Investments Australia as its index fund manager, replacing State Street Global Advisors.

Retirees want funds that last a lifetime

MICHELLE BALTAZAR  |  THURSDAY, 13 AUG 2009
Investment products that will be in hot demand in the future, such as lifetime annuities, are in short supply - but not for long.

Seton named fund executive of the year

COMPANY RELEASE  |  THURSDAY, 13 AUG 2009
Michael Seton, chief executive at AGEST, has won the Fund Executive Association Limited (FEAL) Fund Executive of the Year.