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Superannuation

ASIC pursues Citigroup for alleged insider trading

The Australian Securities and Investments Commission (ASIC) has made serious allegations that Citigroup Global Markets Australia has engaged in substantial insider trading activity.

Qld to dominate Future Fund board of guardians

Queenslanders may only account for only 8 per cent of funds management in Australia, but they control half the seats on the Future Fund board of guardians.

DSTi wins tech mandate from Tassie's RBF

Tasmania's Retirement Benefits Fund (RBF) has launched the first stage of its new automated workflow solution, courtesy of DSTi.

UBS goes for global equity returns

UBS Wealth Management believes going global is the way forward for equity investments, and so they have launched a new diversified global equity fund.

SRI next gen - funds that only invest in companies run by women

If Socially Responsible Investing (SRI) needs ideas, they need look no further than the $A50 million Women's Equity Fund (WEF) in the US.

Claws out on unlicensed super trustees

Around 300 to 400 super funds who don't have an APRA license are on ASIC's watch list to ensure those funds' trustees comply with superannuation disclosure rules.

PSS and CSS boards to merge

Fund consolidation pressures apply in the public sector too, and so the trustee boards that drive Australia's two commonwealth public sector super funds, PSS and CSS, are to merge.

Manage the property, don't chase the sector: Centro

Finding a country with a booming retail property sector and diverting your investment capital accordingly is not as important as the bottom up management of your direct property investments, according to Centro.

Regulatory reform next on the agenda: Treasury

In a speech to the Association of Independently Owned Financial Planners conference, Parliamentary Secretary to the Treasurer Chris Pearce said the key issues for the industry and the Government in the short term were revising the regulatory environment ...

InvestorWeb downgrades Perpetual funds

Ratings and research house InvestorWeb has downgraded a number of Perpetual funds after the group altered its Australian share fund's allocation to allow its managers to invest in international shares.