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Superannuation

GESB mutual on hold

RUTH LIEW  |  WEDNESDAY, 2 JUL 2008
WA-based GESB's plans to attain full mutual status yesterday faced financial and legal roadblocks - prompting a delay of the transition until 1 November this year.

AustralianSuper adopts daily crediting rates

MICHAEL HOBBS  |  WEDNESDAY, 2 JUL 2008
The $28 billion industry super fund giant, AustralianSuper is reporting all its investment option crediting rates on a daily basis, a move that sets a new standard for other industry funds to follow.

The hedge that saves

MICHELLE BALTAZAR  |  TUESDAY, 1 JUL 2008
Global insurers that invested heavily in so-called 'investment guarantee' products escaped the brunt of the liquidity crisis, giving actuarial firm Milliman the idea to explore how the same strategy could work for mums-and-dads investors in Australia.

Wanted: Wharton scholar

CAMERON BOGGS  |  TUESDAY, 1 JUL 2008
The Fund Executives Association Limited (FEAL) and KPMG are giving one local super fund executive a shot at a full scholarship to Wharton, one of the most prestigious business schools in the world.

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.