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Superannuation

Vanguard wins $337m ASB mandate

RUTH LIEW  |  WEDNESDAY, 23 APR 2008
New Zealand-based ASB Investments has invested $337 million in Vanguard's global index equities fund.

Super funds pay little attention to biotech

RUTH LIEW  |  TUESDAY, 22 APR 2008
Spray-on skin for burnt victims, cancer treatment drugs, the bionic ear - Australia's multi-billion dollar biotechnology sector is thriving but local investors are still shying away from the industry.

Super funds to resurrect ailing RMBS

RUTH LIEW  |  MONDAY, 21 APR 2008
Investor interest in Australian residential mortgage backed securities (RMBS) has dropped from $45 billion last year to virtually zero early this year - but a model overhaul and cash injection from super funds could pull the sector out of the doldrums.

Aon hires Russell for FM

MICHAEL HOBBS  |  MONDAY, 21 APR 2008
Aon Consulting Australia has appointed multi-manager specialist Russell Investment Group to manage the firm's master trust's $1.6 billion in assets and develop a range of specialist investment options.

Canadian pensions down again

RUTH LIEW  |  MONDAY, 21 APR 2008
Canadian pension funds suffered a slump for the third consecutive quarter as deepening financial worries depressed equity markets worldwide.

Tasplan uses ant mascot as Gen Y magnet

RUTH LIEW  |  MONDAY, 21 APR 2008
Tasplan has formed a new line of attack against superannuation illiteracy - introducing Superant, the new animated mascot that helps young Australians engage with their super.

Give advice a tax break

The Industry Super Network has called for the Federal Government to provide tax breaks on financial advice but only if the advice was fee-for-service not commission-based.

Retirement liabilities dwarf assets six-fold

ALEX DUNNIN  |  FRIDAY, 18 APR 2008
Worldwide pension savings might have doubled in the 10 years to 2006 to US$24 trillion but retirement liabilities are estimated to be more than six times that, reveals the State Street Corporation pension industry Vision Report.

ANU down $100 million

ALEX DUNNIN  |  THURSDAY, 17 APR 2008
The global sharemarket correction has cost the Australian National University (ANU) $100 million.

Super funds commit 6pc to private equity

MICHAEL HOBBS  |  WEDNESDAY, 16 APR 2008
Australia's largest superannuation funds have boosted their private equity investment from 4.5 per cent to 6 per cent of total assets over a three year period, according to a University of New South Wales (UNSW) survey.