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Superannuation

APFC seeks absolute return director

COMPANY RELEASE  |  MONDAY, 29 JUN 2009
The Alaska Permanent Fund Corporation (APFC) is looking to hire a director of investments for its absolute return and risk management division.

One fund to fight lost super

RUTH LIEW  |  MONDAY, 29 JUN 2009
Eligible rollover fund AUSfund is calling for the creation of a single ERF to combat lost super as "structural efficiencies" and high fees continue to hamper the system.

Super assets drop to $1.03trn

ALEX DUNNIN  |  FRIDAY, 26 JUN 2009
Super fund assets have fallen to $1.03 trillion at end March 2009, their lowest level since December 2006, according to the Australian Prudential Regulation Authority (APRA).

Health Super reviews mandate line-up

RUTH LIEW  |  FRIDAY, 26 JUN 2009
The $7 billion industry fund Health Super is undergoing an extensive review of all its investment mandates - including sending members of its investment team overseas to appraise the fund's international fund managers.

ESI Super appoints NAB as custodian

RUTH LIEW  |  FRIDAY, 26 JUN 2009
The Electricity Supply Industry Superannuation Fund (Queensland) has appointed National Australia Bank as custodian of its invested assets.

Super assets to hit $2 trn by 2015: Deloitte

MICHAEL HOBBS  |  THURSDAY, 25 JUN 2009
Deloitte predicts assets under the superannuation industry to hit $2 trillion in under six years, with industry funds and SMSFs taking the lion's share of projected post-retirement assets.

Plum wins mandates

COMPANY RELEASE  |  THURSDAY, 25 JUN 2009
Plum Financial Services has won mandates to administer the super arrangements of the Victorian Organisation Royal Automobile Club of Victoria and Merck Sharp & Dohme (Australia).

Legal funds merge into Legalsuper

COMPANY RELEASE  |  TUESDAY, 23 JUN 2009
Legalsuper has merged with two similar industry funds - the $140 million Victorian Bar Superannuation fund and the smaller Blake Dawson Partner's Superannuation Fund.

Transition mandates to reach record highs

MICHELLE BALTAZAR  |  FRIDAY, 19 JUN 2009
A record number of super funds and endowments will replace their fund managers later this year to get rid of poor-performing funds and make way for new asset allocation strategies, predicts Mellon Transition Management.

Aon raises member fees

RUTH LIEW  |  FRIDAY, 19 JUN 2009
The $1.6 billion Aon Master Trust is increasing its annual member fees on 1 July.