The NSW Electrical Superannuation Scheme (NESS) last month became the first AAS client to transfer to the member administrator’s new system, an overhauled version of Atune known as AASpire.
…as Atune’s true believer finally looks elsewhere
The Fear of being a Loaner – keeping the sharks out of your fund's lending pool
Until recently, securities lending had all the hallmarks of a ‘free lunch’. It was modest, but easy money for superannuation funds. Securities were usually lent through a principal program, in which the custodian took on the counter-party and collateral risk, and provided that custodian was reputable, very little could go wrong. The custodian on-lent the … Read more
