Several major super funds, including AustralianSuper, are raising their administration fees to pay for member services such as financial advice and online infrastructure.
Perpetual corporate trust boss to leave after 25 years
Perpetual Corporate Trust will have a new group executive from October, ahead of the planned departure of a 25-year Perpetual veteran.
Legalsuper reviews, reinstates admin provider
After conducting an internal review of its fund administration system, Legalsuper has renewed its contract with the incumbent provider.
…as 'best supporting investor' eyes bioscience boutique
The $10 billion Telstra Super has become a seed investor in a domestic bioscience manager through an ‘incubation portfolio’ within its allocation to Australian equities.
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Mercer Aussie equities research chief lost to super
The head of Australian equities manager research at Mercer has left the firm to become the first chief investment officer of a major industry super fund.
Maritime follows old managers to new boutique
The Stevedoring Employees Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF) have redeemed small cap mandates with Colonial First State Global Asset Management, and placed the money with a boutique which broke away from the institution.
BNP PSS to grow into Asia with major client
In a market where triennial reviews of service providers has become the norm, BNP Paribas Securities Services (BNP PSS) has extended a contract with one of its major clients out to 2014.
