Aon’s $1.7 billion corporate master trust has lauded a 90 per cent take-up for a fourfold increase in its default life insurance cover, and has outsourced administration of its 60,000 members to Pillar.
Praemium claims 3% of self-managed super market
Portfolio administration provider Praemium claims to have surpassed $11 billion under administration from Australian self-managed super funds, more than 3 per cent of the $300 billion market.
SimCorp signs up ex-Bravura exec
SimCorp Asia has hired a senior business consultant from Bravura Solutions to its professional services team.
DST International recruits a black belt
DST International (DSTi) has recruited sales and consulting personnel into its domestic business process management (BPM) software business, including one with a ‘six sigma black belt’ qualification in project management.
Watson Wyatt proves internal fund investment people add value
The Watson Wyatt study on best investment practice for very big funds has confirmed a performance advantage of between 100-200bps for “good” governance, and even more of an advantage for “great” governance.
Former adviser to President Bush to open FEAL forum
A former international economic adviser to the US president, George Bush, is to open the upcoming Fund Executives Association (FEAL) executive forum in Melbourne on March 6.
Two asset consulting giants move on
Two high-profile investment consultants, Ron Liling of Intech and Peter Gunning of Russell, are moving on.
Tony Arnold leaves Mercer for consulting competitor
One of Mercer Investment Consulting’s most senior Melbourne-based asset consultants, Tony Arnold, has prompted reviews by resigning and will join a competitor this week.
Ex-van Eyk research chiefs now both across fence
Former van Eyk co-head of managed funds research Jerome Lander is understood to have taken a product role at Credit Suisse Asset Management, echoing his colleague Suzanne Tavill’s move to a major institution.
AIST to Treasurer: Salary sacrifice and SG for all
The Australian Institute of Superannuation Trustees (AIST) wants the earnings threshold for the super guarantee abolished, salary sacrifice into super universalised, and the introduction of a ‘super baby bonus’ for women, according to its pre-Budget submission.
Host Plus staffer wins FEAL scholarship
A staffer at industry fund Host Plus has secured a scholarship to undertake the first two modules of the Fund Executives Association (FEAL)/ Melbourne Business School Executive Education Program, which was created specifically for senior staff at funds.
Citi seeds Five Oceans fund with $US50m
Global financial conglomerate Citi has seeded a new fund developed by international equities boutique Five Oceans Asset Management (Five Oceans AM) with a $US50 million mandate, I&T News understands.
