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Citistreet clients pledge support for SunSuper

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The chief executives of Equipsuper and Non-Government Schools Super have thrown their support behind SunSuper’s acquisition of all three funds’ administrator, CSA Retirement Services (formerly Citistreet), although some industry observers wonder for how long. Equipsuper CEO Robin Burns said his 50,000-member fund’s contract with CSA did not run out “for a long time” and would … Read more

Plunging dollar a saviour for Life Settlements

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The Gold Coast-based Life Settlements Wholesale Fund, in which VFMC is an investor, was optimistic about its chances of outperformance over the coming months, as the Australian dollar fell back to what looked like a semi-permanent home around US65 cents. The Australian dollar position at near parity with the US for most of last year … Read more

Plunging dollar a saviour for Life Settlements

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The Gold Coast-based Life Settlements Wholesale Fund, in which VFMC is an investor, was optimistic about its chances of outperformance over the coming months, as the Australian dollar fell back to what looked like a semi-permanent home around US65 cents. The Australian dollar position at near parity with the US for most of last year … Read more

The incredible shrinking admin industry: Citistreet chief retrenched, Pillar for sale

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In a momentous two days for member admin, Citistreet’s sale to Sunsuper finalised on Friday and the administrator’s chief departed, while yesterday the NSW Government announced Pillar Administration would be sold.

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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.

We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.

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