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Superannuation

LG goes with Bravura, again

HAMISH MADDEN  |  WEDNESDAY, 26 APR 2006
LG Super has re-signed Bravura Solutions to provide its superannuation platform, SuperB, for another three years while at the same time signing a new three year agreement to make use of Bravura's online administration platform, Ensemble.

Maple-Brown Abbott launches new Asian investment

KATE HAGE  |  WEDNESDAY, 26 APR 2006
Maple-Brown Abbott has announced it will expand its horizons towards more offshore investment, with a 20 per cent allocation to Asia ex-Japan built into its new fund.

First State Super goes public offer

HAMISH MADDEN  |  WEDNESDAY, 26 APR 2006
First State Super is going public offer to allow current members who move into the private sector to remain with the fund while also allowing members' families and other private sector employees to come on board.

Super funds keep tills ringing at Harris Alternatives

Superannuation funds are ramping up their fund of hedge funds (FOHF) allocation with IXIS-owned Harris Alternatives reporting an astonishing six-fold increase in funds from $170 million two years ago to $1.17 billion currently.

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.