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Superannuation

Refine board succession: AIST

MICHAEL HOBBS  |  WEDNESDAY, 6 MAY 2009
Industry, corporate and public sector super funds must improve their board succession strategy to ensure the funds continue to operate effectively, according to a new survey.

Mercer wins NGS Super mandate

RUTH LIEW  |  WEDNESDAY, 6 MAY 2009
The $2.6 billion industry super fund NGS Super has appointed Mercer as its administrator and financial advice provider to its members.

Aon welcomes insurance transfers

RUTH LIEW  |  TUESDAY, 5 MAY 2009
The $1.6 billion Aon Master Trust is ramping up its insurance initiatives when it recently offered its existing members insurance transfers with no health evidence required.

ANZ Super reviews trustees

RUTH LIEW  |  MONDAY, 4 MAY 2009
The $1.7 billion ANZ Staff Superannuation Scheme is on the hunt for trustees to join its board - a move that echoes Westpac Staff Super's recent call for members to elect two directors to its own board.

MLC improves Business Super insurance

COMPANY RELEASE  |  FRIDAY, 1 MAY 2009
MLC has improved the firm's MasterKey Business Super insurance by extending the insurable age, adding automatic death, total and permanent disability (TPD) cover and refining income protection definitions.

Conflicts not all bad: AIST

ALEX DUNNIN  |  FRIDAY, 1 MAY 2009
In a major submission to APRA, the Australian Institute of Superannuation Trustees (AIST) has said that fighting for the elimination of all conflicts of interest can be self-defeating.

Lutheran Super appoints CPG

MICHAEL HOBBS  |  FRIDAY, 1 MAY 2009
Lutheran Super has hired CPG Research & Advisory as the fund's asset consultant.

Rio Tinto Super adds Alcan Gove members

RUTH LIEW  |  THURSDAY, 30 APR 2009
The $2.3 billion Rio Tinto Staff Superannuation Fund will soon receive a $135 million boost to its assets under management when it opens its doors to members of the Alcan Gove Superannuation Plan tomorrow.

Smaller funds lack risk reserves

MICHAEL HOBBS  |  TUESDAY, 28 APR 2009
A Mercer survey has revealed smaller super funds are less likely to have appropriate levels of operational risk reserves than larger funds, a survey found.

REST deploys $300m mandates

RUTH LIEW  |  TUESDAY, 28 APR 2009
REST Superannuation pours $300 million into the credit markets through two new fund manager mandates.