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Superannuation

Northern Trust targets EMEA pensions

COMPANY RELEASE  |  THURSDAY, 11 JUN 2009
Northern Trust is bringing together the firm's asset management and asset servicing divisions and launching the Retirement Solutions Practice to the European, Middle East and Africa (EMEA) region.

Club Plus overhauls Aussie eq

RUTH LIEW  |  WEDNESDAY, 10 JUN 2009
The $1.3 billion industry fund Club Plus Super has axed the majority of its Aussie equities investment managers - leaving the fund with just four major managers to take care of a $400 million domestic equities portfolio.

AustralianSuper saves $4m per year

RUTH LIEW  |  WEDNESDAY, 10 JUN 2009
The $28 billion AustralianSuper could reap $4 million in savings a year following the fund's increasing shift from active to passive investment mandates.

State Street wins $8b Rio mandate

COMPANY RELEASE  |  WEDNESDAY, 10 JUN 2009
State Street Corporation has been appointed by Rio Tinto to provide investment services for $8 billion in assets.

Active managers be warned: Frontier

RUTH LIEW  |  WEDNESDAY, 10 JUN 2009
Frontier Investment Consulting's $89 billion client base is increasingly questioning the high fees of active managers - a clear sign these managers need to lift their game, said the firm's managing director, Fiona Trafford-Walker.

AustralianSuper wins outsourcing mandate

COMPANY RELEASE  |  WEDNESDAY, 10 JUN 2009
AustralianSuper has been selected by the City of Perth to manage the business' $55 million super fund.

Admin savings for temporary residents

RUTH LIEW  |  TUESDAY, 9 JUN 2009
Temporary residents are set to boost their super balances following ASIC's announcement to measure their super in a way that will reduce admin costs.

Unlisted valuations on track: Frontier

RUTH LIEW  |  FRIDAY, 5 JUN 2009
Super funds with unlisted assets can breathe easier knowing that more than 93 per cent of their alternative investment managers are strictly following their valuation policies, according to a survey by Frontier Investment Consulting.

UK DB plans must shape up

COMPANY RELEASE  |  FRIDAY, 5 JUN 2009
UK fund trustees must become far more proactive in managing the funding status and investment risk, according to Mercer.

Maritime Super to manage Teekay fund

COMPANY RELEASE  |  FRIDAY, 5 JUN 2009
The $2.4 billion Maritime Super has been selected by Teekay Marine Services to manage the Teekay Shipping Superannuation Plan.