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Superannuation

Australian managers clock $650bn

Colonial First State, Macquarie and AMP respectively are the three largest Australian fund managers in an industry that grew over 20 per cent to more than $650 billion last year, according to the latest Pensions & Investments and Watson Wyatt study on ...

Super dodges sub-prime correction

ALEX DUNNIN  |  WEDNESDAY, 3 OCT 2007
The up-and-down market since June might have shaved 1.6 per net off 12 month super returns but over the more important three and five year results it's hardly made a dent, reveals SelectingSuper in their latest super fund performance tables for August.

Russell wins record $1.2bn mandate

MICHAEL HOBBS  |  TUESDAY, 2 OCT 2007
Harwood Superannuation fund has awarded Russell Investment Group a $1.2 billion mandate, the largest deal secured by the multi-manager this year.

Westpac jumps in to save RAMS

CHRIS NICHOLLS  |  TUESDAY, 2 OCT 2007
Westpac has thrown a lifeline to troubled home loan lender RAMS Home Loans, offering to buy the franchise distribution arm for $140 million in cash.

S&P upgrades Global Value Fund

CHRIS NICHOLLS  |  TUESDAY, 2 OCT 2007
Standard & Poor's Fund Services has upgraded boutique manager Global Value Investors' (GVI) GVI Global Industrial Share Fund to three stars.

RBC Dexia wins $5.6bn custody mandate

CHRIS NICHOLLS  |  TUESDAY, 2 OCT 2007
RBC Dexia Investor Services has won a $5.6 billion (CA$5 billion) custody mandate from fund manager and Insurance Alliance subsidiary IA Clarington Investments.

Investors better off without legacy

Three months after the government issued a consultation paper outlining ways to rationalise more than 6,000 legacy investment products, industry body Investment and Financial Services Association has submitted its own list of recommendations.

GESB trebles co-contributions after campaign

WA-based super fund GESB struck a winning formula after its 'Feed Your Super' campaign attracted three times more member co-contributions than it expected.

Big improvements in Australian corporate governance: study

ALEX DUNNIN  |  THURSDAY, 27 SEP 2007
Despite popular perception that Australian companies lag the world on corporate governance (CG), a new study has found a very high awareness and real willingness by companies to constructively engage.

Coombe calls for better super

ALEX DUNNIN  |  THURSDAY, 27 SEP 2007
Superannuation is entering a golden age in Australia and it's time we started to focus on our end-customers, said Rob Coombe, chief executive of wealth management for BT Financial Group when speaking at yesterdays' Association of Super Funds of Australia ...