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Superannuation

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.

US Treasury to announce regulatory overhaul

ALEX DUNNIN  |  MONDAY, 31 MAR 2008
The US Treasury Department has proposed sweeping changes to how their financial markets should be regulated by consolidating its huge number of regulators and bringing practices up top date to what happens around the world.

NZ Super ends Fisher Funds ties

RUTH LIEW  |  FRIDAY, 28 MAR 2008
The Guardians of New Zealand Superannuation has officially ended their investment relationship with Fisher Funds Management Limited opting to take this aspect of the portfolio direct.

True Index contains residual risk

MICHAEL HOBBS  |  FRIDAY, 28 MAR 2008
Financial advisers and investors must realise True Index funds are not immune to extreme market events, according to Scott Donald, Russell Investment Group director of fiduciary research.

MFS morphs into GEO

RUTH LIEW  |  FRIDAY, 28 MAR 2008
MFS Diversified Limited has been renamed to GEO Property Group as security holders yesterday gave the green light for a name swap.

Don't strangle sovereign funds: OECD

MICHAEL HOBBS  |  THURSDAY, 27 MAR 2008
The Organisation for Economic Co-operation and Development (OECD) has warned countries against enforcing greater foreign investment restrictions because it could negatively affect domestic economic growth.

CARE joins Carbon Disclosure Project

MICHAEL HOBBS  |  THURSDAY, 27 MAR 2008
CARE Super lobbies for better climate change policies after being the latest signatory to the Carbon Disclosure Project.