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Superannuation

Moment of truth

CAMERON BOGGS  |  TUESDAY, 1 JUL 2008
Many super fund members are ignorant, indifferent or in denial about how their super funds are performing, despite widespread reports about the market slump.

Members Equity to offer super banking

MICHAEL HOBBS  |  MONDAY, 30 JUN 2008
Industry super funds owned Members Equity Bank plans to face retail banks head on with its version of an all-in-one superannuation and bank account.

PASF recruits UK pension CIO

The Professional Associations Superannuation Fund (PASF) hopes to make a bigger mark in superannuation land after appointing the former chief investment officer of a $9 billion-plus UK pension fund, Paul Kessell, as investment manager.

Credit Suisse AM and AWM sign $340m trustee deal

Credit Suisse Asset Management (Australia) is set to transfer the trusteeship of its three Pooled Super Trusts (PSTs) and non-super Private Investment Funds, worth a combined $340 million in assets, to Australian Wealth Management (AWM).

Everest B&B wins $200m Sunsuper mandate

MICHAEL HOBBS  |  FRIDAY, 27 JUN 2008
Sunsuper awarded Everest Babcock & Brown a $200 million mandate to construct an absolute return fund for the super fund.

REST targets member TFNs

RUTH LIEW  |  THURSDAY, 26 JUN 2008
REST Super, the $14 billion super fund for the retail industry, helped at least 200,000 of its members avoid paying undue tax under the 'No TFN Tax' ruling, and hopes to help 60,000 more through an internal TFN reporting drive.

Plato wins OptiMix mandate

RUTH LIEW  |  WEDNESDAY, 25 JUN 2008
Boutique fund manager Plato Investment Management has been appointed as an OptiMix Australian Equities manager.

ING buys into Turkish pension market

MICHAEL HOBBS  |  WEDNESDAY, 25 JUN 2008
Global Dutch financial institution ING Group purchased Turkey's first and only voluntary pension fund, Oyak Emeklilik for $180 million to tap into the country's pension market.

High Net Worth wealth tops $42tr

The combined wealth of the world's high net worth individuals rose 9.4 per cent to $42 trillion, with India, China and South Korea producing more millionaires than other countries, according to the World Wealth Report.

Lord Stern launches carbon ratings

ALEX DUNNIN  |  WEDNESDAY, 25 JUN 2008
IDEAglobal Group, a company whose vice-chairman is Lord Stern, has just launched the Carbon Ratings Agency (CRA) service for investors and companies participating in the carbon market.