Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

PrefSure scores rating upgrade thanks to TOWER

HAMISH MADDEN  |  WEDNESDAY, 26 APR 2006
S&P has upgraded PrefSure Life's rating to BBB+, on par with new parent TOWER's rating.

Another Westpoint collapse

HAMISH MADDEN  |  MONDAY, 24 APR 2006
The Australian Securities and Investments Commission (ASIC) announced that it has begun proceedings to wind up Cinema City Mezzanine Pty Ltd, part of the Westpoint group.

Harwood shops for new implemented consultant

KATE HAGE  |  MONDAY, 24 APR 2006
Harwood Superannuation Fund, the corporate superannuation fund for Australian employees of CSR and Rinker Group, is on the hunt for a new implemented consultant with an extensive tender process currently underway.

New asset consultant for LGSS

KATE HAGE  |  MONDAY, 24 APR 2006
A number of funds are currently looking at their asset consultancy arrangements, with Local Government Superannuation Scheme (LGSS) and the public trustee of South Australia both set to make new appointments.

IWL snaps up BOSS Software

HAMISH MADDEN  |  MONDAY, 24 APR 2006
IWL announced that it has acquired BOSS Software International and plans to integrate BOSS' technology into the VisiPlan platform.

APRA charges plastering super director and accountant

KATE HAGE  |  FRIDAY, 21 APR 2006
The Australian Prudential Regulation Authority (APRA) has brought charges against a director and accountant of a superannuation fund after they allegedly contravened the sole purpose test and created false records to deceive APRA.

MLIM stands firm but S&P puts funds on hold

HAMISH MADDEN  |  FRIDAY, 21 APR 2006
Merrill Lynch Investment Managers (MLIM) has reassured clients and investors that it remains confident and committed to the Australian market, despite S&P placing its Australian equities funds on hold after the sudden departure of three key team members.

PSI Super partners with SyncSoft to grow third party admin

HAMISH MADDEN  |  FRIDAY, 21 APR 2006
PSI Superannuation Management has announced that it plans to grow its third party administration business on the back of a synergistic partnership with technology provider SyncSoft.

S&P to rate its raters

S&P plans to put its own ratings to the test by conducting a study that will measure the success of its analyst recommendations.

30 million super accounts and climbing

ALEX DUNNIN  |  FRIDAY, 21 APR 2006
Despite super fund consolidation and apparent increasing market competition, Australian superannuation leaders have yet to confront why the number of super fund accounts is still climbing by more than one million each year.