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Superannuation

Unclaimed super a cash cow for ERFs

Superannuation accounts left stagnant for years are proving a cash cow for the eligible rollover funds (ERFs) that are inheriting them and the trustees transferring the funds.

Mariner US property an 'upper recommended buy': Lonsec

Those who want to take a play in US property need look no further than Mariner American Property Income Trust (MAPIT), which is rated an 'upper recommended buy' by Lonsec.

CARE awarded RSE

CARE Super (CARE) has received an RSE license, after getting their application in to APRA ahead of the 17 February deadline.

Macquarie Pro Series takes off with Concord Capital

Macquarie Professional Series is due to launch a nationwide roadshow next week, trumpeting the arrival of Concord Capital as the fifth of their chosen funds management partners.

TWUSUPER throws weight behind alternatives

TWUSUPER has cast tradition aside and has increased its asset allocation to 'alternatives' from 3 per cent to more than 25 per cent, with plans to spend at least $500 million in the asset class.

Sunsuper in the midst of super growth spurt

Sunsuper announced that is has gone beyond $8 billion in funds under management, supported by growth in its member base and its corporate superannuation business.

ING adds non-commutable pension plan

In a bid to offer more retirement income flexibility, ING has rolled out plans to offer a non-commutable pension for people who choose to take advantage of the Government's transition to retirement (TTR) regulations.

Macq Wrap Solutions hits $18bn

Macquarie Wrap Solutions has reached $18 billion in funds under administration after 12 months of strong growth.

Next closes Trust managed accounts deal

Trust Company of Australia (Trust) and Next Financial Limited (Next) have finalised a deal that will see Next appointed as the manager and administrator of Trust's managed accounts (MA) product.

APRA counts licensee applicants post-deadline

As APRA's RSE licensing deadline came and went last Friday, APRA's head of public affairs, Stuart Snell, confirmed that, contrary to some industry speculation, none of the big funds have been left stranded.