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Superannuation

Watson Wyatt picks up consultant gig for LUCRF

Industry superannuation fund Labour Union Co-operative Retirement Fund (LUCRF) has named Watson Wyatt as its investment consultant as of August 1st this year.

Netwealth moves custody services inhouse

Non-institutional platform Netwealth has shifted the custody of its assets inhouse on its wrap, superannuation master fund and MIS products.

Emergency Services Super allocates $30 million to Deutsche

Deutsche Asset Management (DeAM) has won a $30 million mandate from Emergency Services Super (ESS) for the manager's Australian Small Companies Fund.

Market wrap

AAP  |  WEDNESDAY, 20 JUL 2005
The Australian share market is expected to open former as a strong lead from the USD and some major companies making announcements, as well as some bargain hunting following yesterday's weakness, all combine to push the local bourse higher.

ASIC pleased with ASX role

The Australian Securities and Investments Commission (ASIC) has released the findings of its third annual assessment of the Australian Stock Exchange (ASX) determining the supervisory capability of the ASX.

Asset Super rejigs offerings and makes manager switch

Asset Super has changed its trust deed to allow it to offer non-commutable pensions to members of the fund who are still working but wish to access their superannuation.

Super assets hit $700 billion on back of strong performance

Strong investment performance has boosted the bottom line position of total superannuation assets in Australia with the sector rising 2.4 per cent in the March quarter and 12.5 per cent for the first three quarters of the 2004-05 financial year.

Hostplus awards IXIS a $30 million mandate

Industry fund Hostplus has awarded IXIS Asset Management a $30 million mandate to be managed by its affiliate Loomis Sayles.

Studies show financial services see compliance as a benefit

PricewaterhouseCoopers (PWC) has conducted a survey showing the majority of financial service firms believe compliance requirements lead to improved credit ratings, reduced legal liabilities and an enhanced reputation, all of which contribute to the ...

Life insurance market posts strong results

The life insurance market received a shot in the arm during the last year to the end of March with inflows rising nearly 11 per cent from $4.1 billion to $4.5 billion.