AUSTRALIA - The superannuation fund, Sunsuper, has celebrated its twentieth year of operations, by welcoming its millionth member and posting a 35% growth in assets fro the 2006-07 financial year.
The fund now has a total of AUS$13bn under management and has averaged 30% year on year growth for the past decade.
It has also announced that new sign-ups for membership have exceeded 10,000 Australians a month.
Tony Lally, CEO, Sunsuper said the organisation had a clear plan for the future, involving further sign-ups, the development of new savings products and innovative investment opportunities.
This announcement came after Sunsuper boosted its real-estate holdings through a deal with Colonial First State Private Capital (CPI) worth over $116m and a partnership with Makena Capital Management in the US to enter the private endowment market.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.