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Superannuation

FuturePlus secures $2.2bn SERF and SRF mandate

FuturePlus Financial Services (FPFS) has secured the right to manage $2.2 billion for the Stevedoring Employees Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF).

Australian consumption spending now top 5 in the region

Visa Australia says Australian consumption expenditure will top $1.4 trillion this year, following last year's level of $1.3 trillion.

Challenger wealth management FUM up 73 per cent

Challenger Financial Services has posted a solid half year result with after-tax profits up 29 per cent to $72 million during the period. What's more, the wealth management arm enjoyed a 73 per cent rise in FUM for the full year.

Macquarie property fund touts JV in the OC

Macquarie Office Trust (MOF), a listed property fund of Macquarie Bank, has touted a new joint venture with Californian property group, Maguire Properties, that they say will drive future growth from California.

CSA rejects compulsory governance reporting

Chartered Securities Australia (CSA) has rejected the proposed government move to standardise corporate social responsibility (CSR) reporting and/or to make it compulsory, because both solutions would merely reduce CSR to a box-ticking exercise.

Perennial launches into local and global property

Perennial Real Estate Investments (PREI) has announced the launch of two property trusts as well as a research partnership with global real estate advisory firm DTZ.

AET forms JV with Paritech

Australian Executor Trustees (AET) and Paritech Wealth Systems have formed a joint venture in a bid to push further into the SMSF space.

Lower risks from hedge fund strategies causing a rethink

While global hedge funds continue to outperform global equities, the big news is that they are doing it for only one-third the risk.

GPen to flex muscle on pension admin software

IT solutions minnow GPen expects to receive fresh capital to fund its expansion after listed group Monteray expressed interest in buying 100 per cent of the group.

Rollovers can be processed rapidly and securely: RecruitmentSuper

With talk reverberating in some circles about the long lead times for funds to enact roll-overs or to act on member's requests, RecruitmentSuper is trumpeting its rapid response times.