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Superannuation

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.

REST members get $74m boost

COMPANY RELEASE  |  FRIDAY, 19 JUN 2009
Members of the $13 billion REST Superannuation received $74 million from the Government through co-contributions in the last financial year.

Charter needs legislative backing: ISN

COMPANY RELEASE  |  THURSDAY, 18 JUN 2009
The Industry Super Network welcomed IFSA's Super Charter but added the association's response needs legislative and regulatory backing.

Rollover easier at Sunsuper

RUTH LIEW  |  THURSDAY, 18 JUN 2009
The $11.6 billion Sunsuper has unveilled a new online rollover fund tool in an effort to encourage members to consolidate their super.

SMSFs beware the taxman

COMPANY RELEASE  |  THURSDAY, 18 JUN 2009
An estimated 70,000 new SMSF trustees will be responsible for filing their first annual tax and compliance statements after June 30 this year, and based on past experience of the tax office, many fledgling trustees will fail to comply with superannuation ...

Active manager mandates to increase: Mercer

RUTH LIEW  |  WEDNESDAY, 17 JUN 2009
Mercer, one of the country's largest asset consultants, is advising its institutional clients to allocate more funds with active managers to capture the one-off abnormal returns coming out of stockmarkets as they switch into recovery mode.

Super changes hit retirees

COMPANY RELEASE  |  WEDNESDAY, 17 JUN 2009
Self-funded retirees will be hit hardest by the Federal Government's changes to super, according to Martin Murden, director of Partners Superannuation Services.