Insto roundup: BLF fund to run dry; UK instos eye China

AUSTRALIA Corporate super fund IAG & NRMA Superannuation Plan, which serves employees of the Insurance Australia Group and NRMA Motoring & Services, will be outsourcing its investments and administration to Sunsuper as the corporate fund’s chair, David McClatchy, told members that “the fund could no longer operate as a standalone corporate superannuation fund”. He said that members of the fund will be shifted to Sunsuper and the plan will be discontinued in its current f…