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Superannuation

Singapore mega-fund IC tender due

The Singapore Central Provident fund's board is calling for investment consultancy firms to tender for the service of providing consultancy under the CPF Investment Scheme (CPFIS).

Meet the mini-institutions

For all the talk about the investment industry ignoring Gen Xers and Gen Yers in favour of baby boomers, one industry expert has said the segment, which he refers to as "the mini-institutional investors", are not well served.

HSBC brings alts business Down Under

HSBC joins the growing list of alternatives specialists in Australia with its newly established business, HSBC Alternative Investments Limited (HAIL).

China's pension to dwarf Australia

MICHAEL HOBBS AND CHRIS NICHOLLS  |  MONDAY, 26 NOV 2007
It will take China some ten to twelve years to match the size of Australia's $1.3 trillion plus funds management industry but once it does, China's pension industry will "rocket past ours", according to Peter Promnitz, head of Asia Pacific for Mercer ...

AustralianSuper marks $30b milestone

AustralianSuper is fast becoming the titan of all super funds after reporting a near 50 per cent increase in funds under management (FUM) to over $30 billion in under 18 months.

EISS offloads direct property

NSW-based industry superannuation fund Energy Industries Superannuation Scheme has sold its entire direct property portfolio for $225 million with plans to redirect the proceeds into global listed and unlisted property trusts.

Goldman Sachs Gives

MICHAEL HOBBS  |  FRIDAY, 23 NOV 2007
After announcing its survival of the sub prime crisis with only minimal losses and a total staff salary payout of $16.9 billion, Goldman Sachs has created a philanthropic fund committing partners to contribute part of their salaries to charities.

Less junk mail drives rollover

MICHAEL HOBBS  |  FRIDAY, 23 NOV 2007
Super members are five times more likely to consolidate their superannuation accounts if they are warned of the paper pile-up that comes with multiple accounts, according to AUSfund research.

Ambachtsheer receives Outstanding Industry Contribution Award

Keith Ambachtsheer, a world-renowned pensions expert who is visiting Australia next month has received the prestigious Outstanding Industry Award at the 2007 European Pension Fund Awards held in Vienna last week.

Indian infrastructure investing fuels sustainability

ALEX DUNNIN IN NEW DELHI REPORTING FROM THE INAUGURAL AUSTRALIA INDIA FINANCIAL FORUM  |  FRIDAY, 23 NOV 2007
India is seeking US$500 billion over the next five years to help fund its national infrastructure plan, creating a big opportunity for Australian investors to get in on the ground floor.