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Superannuation

New global shares boutique for Australia

Edinburgh-based boutique global equities investment manager Martin Currie is making a push to win over Australian investors by leveraging their expertise in the booming resources sector.

GESB posts high member take-up

Western Australian-based superannuation fund GESB is growing its funds under management (FUM) by more than $20 million per week thanks to larger voluntary member contributions and higher member take-up of their retirement products.

AUI to launch two new property trusts

Australian Unity Investments (AUI) is to launch two new open-ended property trusts next year following a restructuring of its property team this month.

Mercer HR acquires Watson Wyatt NZ

Leading human resources consulting group Mercer Human Resource Consulting has announced it has completed its acquisition of Watson Wyatt NZ, a move that will effectively double the size of its New Zealand operations.

Colonial finds inaccuracies in S&P rating

Colonial First State (CFS) says S&P got it wrong when they said the fund was not looking to appoint another portfolio manager, after the ratings group downgraded nine funds run by CFS, following the departure of senior portfolio manager Simon Hudson.

ESS and SSF super fund talks deadlocked

Union representatives are deadlocked with the Victorian government over the proposed merger of the Emergency Services Superannuation Scheme (ESSS) and the State Superannuation Fund (SSF) amid their concerns members' defined benefits could be reduced.

New indexed option for Statewide

South Australian based industry fund Statewide has introduced a new investment option called Statewide Indexed.

Intech wins BOC Gas Super mandate

The BOC Gases Superannuation Fund has appointed Intech as their implemented consultant in a mandate worth $465 million.

STA Corporate wins $200 million

Superannuation Trust of Australia (STA) has signed up another $200 million of funds under management to its corporate platform taking its total wins in the past twelve months to $600 million.

Catholic super trials partnership with Money Solutions

Industry fund Catholic Superannuation Fund (CSF) is conducting a four-month trial partnership with financial planning services provider Money Solutions to complement the financial advice solutions they already offer to members.