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Superannuation

Tasplan signs UN PRI

COMPANY RELEASE  |  MONDAY, 6 JUL 2009
The $1.2 billion Tasplan has become the first Tasmanian superannuation fund to become a signatory to the United Nations Principles for Responsible Investment (UNPRI).

Timbercorp buy passes sole purpose test

RUTH LIEW  |  MONDAY, 6 JUL 2009
The $1.5 billion First Super, which last week entered a consortium to snap up collapsed Timbercorp's forestry assets, will not be in breach of the sole purpose test if the deal was to be finalised, said a superannuation expert.

First Super mulls Timbercorp rescue

RUTH LIEW  |  FRIDAY, 3 JUL 2009
First Super, the $1.5 billion industry super fund for the furniture, pulp, paper and timber industries, has entered a consortium with South Australia-based Penola Pulp Mill and the management of Timbercorp Forestry to discuss the acquisition of Timbercorp's ...

BGI and BlackRock mandates under review

RUTH LIEW  |  FRIDAY, 3 JUL 2009
Westscheme is intensely scrutinising the fates of the mandates within its $630 million Aussie equities portfolio, which is currently divided between Barclays Global Investors ($380 million) and BlackRock ($250 million), after the two firms announced ...

AvSuper appoints JANA

COMPANY RELEASE  |  THURSDAY, 2 JUL 2009
The $805 million AvSuper has appointed JANA Investment Advisers Pty Ltd as the fund's investment consultant.

Super SA slashes mgmt and admin fees

RUTH LIEW  |  THURSDAY, 2 JUL 2009
Super SA has rebranded its allocated pension option to become the Super SA Income Stream and reduced its overall investment management and administration fees.

Easier contributions at HESTA

RUTH LIEW  |  TUESDAY, 30 JUN 2009
The $13 billion industry fund HESTA has eased the way for employers to make super contributions following the implementation of the HESTA Super FileManager.

HESTA improves insurance

RUTH LIEW  |  TUESDAY, 30 JUN 2009
The $13 billion HESTA has improved its income protection and death covers - all without an increase to the premiums charged to members.

ASFA to host Communications forum and awards

RUTH LIEW  |  MONDAY, 29 JUN 2009
Next month, the Association of Superannuation Funds of Australia is hosting a communications forum and awards ceremony recognising the industry's top communication professionals.

Alaska fund appoints $310 debt mandate

RUTH LIEW  |  MONDAY, 29 JUN 2009
The $40 billion Alaska Permanent Fund Corporation has appointed a $310 million distressed debt mandate to Oaktree Capital Management.