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Superannuation

FinLit goes global

ALEX DUNNIN  |  THURSDAY, 10 APR 2008
The world is catching the financial literacy bug with the launch of new programs now targeting the impoverished in the third world.

Silk and Vilgan join govt council

MICHAEL HOBBS  |  THURSDAY, 10 APR 2008
Treasurer Wayne Swan has boosted the superannuation industry's representation on the Financial Sector Advisory Council (FSAC) by appointing AustralianSuper chief executive Ian Silk and QSuper chief executive Rosemary Vilgan to the group.

Volatility hits 5-year high

ALEX DUNNIN  |  THURSDAY, 10 APR 2008
Volatility in US markets has jumped to its highest levels in five years yet not all volatility managers seem to know how to make the most of it, reports the latest VanMac hedge funds state of play newsletter.

CSRF puts faith in the ballot box

The upcoming Member Director election of the Catholic Superannuation and Retirement Fund (CSRF) drew eight nominations this year, including one from a retiree with no previous trust directorship experience.

AERF selects MLC IC

MICHAEL HOBBS  |  WEDNESDAY, 9 APR 2008
MLC Implemented Consulting has been chosen by the Australian Eligible Rollover Fund to multi manage the super fund's $800 million in assets.

Pension funds look in-house for governance

MICHAEL HOBBS  |  TUESDAY, 8 APR 2008
More than $26 billion of assets managed under pension funds in the UK and mainland Europe will face tighter governance monitoring this year, according to a Mercer survey.

Prime Super switches custody

MICHAEL HOBBS  |  TUESDAY, 8 APR 2008
Prime Super has appointed NAB Custody Services (NCS) after switching asset consultants to change the fund's investment strategy.

New voice for SMSFs

RUTH LIEW  |  WEDNESDAY, 2 APR 2008
A new self managed super fund body, the Self Managed Superannuation Member's Association Ltd, was officially launched yesterday - the latest industry initiative to boost the SMSF sector.

JPMorgan buys $342.5 bn Nordic custody service

MICHAEL HOBBS  |  MONDAY, 31 MAR 2008
JPMorgan Worldwide Securities Services has purchased the institutional custody portfolio of Nordea, one of the largest Nordic banks with $342.5 billion in assets under custody.

Sub-prime boosts actuary profile

MICHAEL HOBBS  |  MONDAY, 31 MAR 2008
Actuaries will play a more central part of the banking and financial services sector as a result of the US sub-prime mortgage crisis, according to Greg Martin, Institute of Actuaries of Australia president.