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Superannuation

TFNs available online: ING

MICHAEL HOBBS  |  FRIDAY, 29 FEB 2008
By July this year, ING Australia will allow Employer Super clients to send tax file numbers (TFNs) electronically for employees that select a choice fund.

Investment fees jump 50pc

MICHAEL HOBBS  |  THURSDAY, 28 FEB 2008
A growing appetite for alternative investments has led to superannuation funds paying 50 per cent more on investment fees than five years ago, according to Watson Wyatt.

Lehman Bros wins Japanese trading approval

Lehman Brothers has received approval to trade certified emission reductions (CERs) in Japan, becoming the only global investment bank able to provide liquidity for the Asian and European carbon markets.

Allco defends move

MICHAEL HOBBS  |  THURSDAY, 28 FEB 2008
Allco Finance Group (AFG) has stated it complied with its Australian Securities Exchange (ASX) obligation to announce a Review Event following negotiations to refinance its debt.

Regulator clamps down on conflicts of interest

MICHAEL HOBBS  |  THURSDAY, 28 FEB 2008
A UK pension fund regulator has drafted a report to assist super fund trustees in reviewing governance arrangements and eliminate any potential conflict of interest.

More education for SMSF auditors

MICHAEL HOBBS  |  WEDNESDAY, 27 FEB 2008
The growth in the Self Managed Super Fund (SMSF) sector demands greater education to ensure trustees and auditors remain competent, said the ATO.

Future Fund to become top insto

RUTH LIEW  |  TUESDAY, 26 FEB 2008
The Future Fund has signed up Vanguard, State Street, CFS GAM and QIC as its debut investment managers, but there's more to come as the fund strives to become the country's "leading institutional investor".

NGS awards $150m mandate to Solaris

RUTH LIEW  |  TUESDAY, 26 FEB 2008
Non-Government Schools Super has awarded a $150 million mandate to boutique fund manager Solaris Investment Management after retracting its initial offer to Suncorp.

Westpac Staff Super awards $50m to HFA

RUTH LIEW  |  TUESDAY, 26 FEB 2008
Westpac Staff Superannuation Fund (WSSF) yesterday awarded a $50 million investment mandate to absolute return fund manager, HFA Asset Management.

Russell combines retail and insto

MICHAEL HOBBS  |  TUESDAY, 26 FEB 2008
Russell Investment Group has merged its Australian and New Zealand institutional and retail businesses under the Investor Services banner.