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Superannuation

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.

Super fund reporting to go online: ASIC

RUTH LIEW  |  MONDAY, 23 JUN 2008
The country's financial regulator ASIC is giving super funds the go ahead to use the web as their default method of delivering annual fund information to members, as long as certain conditions are met.

TRS pumps $1.26bn into PE

RUTH LIEW  |  MONDAY, 23 JUN 2008
US-based Teachers' Retirement System of the State of Illinois (TRS) pours $1.26 billion of new funds into private equity after its $2.3 billion investment in the sector turned to be a money spinner returning 23 per cent in the year to March.

Retail super weigh in on transparency debate

MICHAEL HOBBS  |  FRIDAY, 20 JUN 2008
Retail super fund providers are backing the introduction of a standardised super fund performance table, as proposed by the ISN, but on certain conditions.

Salary sacrifice on the rise: legalsuper

RUTH LIEW  |  FRIDAY, 20 JUN 2008
The $1 billion industry fund, legalsuper, has experienced a 50 per cent increase in salary sacrifice contributions at the end of May, despite returns being the worst for 20 years.

Life settlements open to Aussie investors

RUTH LIEW  |  WEDNESDAY, 18 JUN 2008
Life settlements might seem like an unconventional asset class - but an Australian fund manager claims the sector poses a fresh set of opportunities for local insto investors.

Super fund reporting should be standardised: ISN

Industry Super Network (ISN) has called for reporting of superannuation returns to be standardised, in the same way as managed fund returns are currently reported, to provide investors with better transparency over their superannuation savings.