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Superannuation

Aon upgrades insurance

PRESS RELEASE  |  THURSDAY, 9 JUL 2009
Aon Master Trust has upgraded its insurance for members to include unlimited death cover and higher total and permanent disablement (TPD) and income protection limits.

WYPF tenders for custodian

RUTH LIEW  |  TUESDAY, 7 JUL 2009
England's $9.2 billion West Yorkshire Pension Fund is looking for a new custodian.

REST deploys $225m in mandates

COMPANY RELEASE  |  TUESDAY, 7 JUL 2009
The $14 billion REST Super has appointed a $150 million mandate with Babson Capital Management and $75 million to Putnam Advisory Company.

QSuper upgrades member services

COMPANY RELEASE  |  MONDAY, 6 JUL 2009
The $22 billion QSuper has extended its service to current members and spouses by allowing their non-Queensland Government employers to contribute to the fund.

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.