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Social media an important tool for advisers

CLAIRE MCGREAL  |  WEDNESDAY, 29 FEB 2012
Success in social media is all about showing up, getting involved and adding value. That's according to Trevor Young, social media expert and strategy and innovation director at Edelman Australia, who spoke to advisers at a recent Zurich event in Sydney. ...

Russell Investments opts out of S&P

CLAIRE MCGREAL  |  MONDAY, 27 FEB 2012
Russell Investment Management has requested the Standard & Poor's ratings on 22 of its funds be withdrawn. It follows S&P Capital IQ' s announcement earlier this month that it would no longer be conducting local funds research and wealth management ...

Cost cutting key for Perpetual in 2012

CLAIRE MCGREAL  |  THURSDAY, 23 FEB 2012
Cost reduction is a key priority for Perpetual Limited this year, with the group hiring an international consulting firm to review where savings can be made straight away. In its half yearly results released today, the financial services firm posted ...

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
... the policy. "It's the detail, the impact on business or consumers or the government," said McNamara, in response to a request for clarification on why the analysis was inadequate. "It's that sort of analysis of this change is meant to do particular things ...

UniSuper confirms working group

MELANIE TIMBRELL  |  MONDAY, 13 FEB 2012
... change to the fund's trust deed which states the trustee may consider reducing member benefits. The NTEU responded with a request for UniSuper to convene a national meeting of stakeholders to ensure UniSuper's DB members would not have benefits cut. ...

New tax proposals aim to consolidate lost super

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... supplies and tax for new residential properties. Individuals with 'lost' super amounts will be able to electronically request for the ATO to consolidate the amounts into one fund, helping them keep track of their super balance and protecting against ...

NTEU wants changes at UniSuper trustee company

ALEX DUNNIN  |  FRIDAY, 16 DEC 2011
The National Tertiary Education Union, the main union representing UniSuper fund members, has written to members outlining their response to concerns about the superannuation fund. In a statement issued yesterday, the NTEU said, "The Union will take ...

AustralianSuper, AGEST reveal merger plans

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
AGEST Super has chosen AustralianSuper as a preferred merger partner with the merge to take place in 2012. As a result, AustralianSuper will have almost two million members, 160,000 employers and over $46 billion in funds under management. AGEST has ...

FOFA Tranche 2 reforms tabled in Parliament today

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
The FOFA Tranche 2 reforms were tabled in parliament this morning, gaining industry support and reinforcing the Government's speed to move these reforms through both houses. Included in the Tranche 2 Future of Financial Advice (FOFA) reforms are the ...

Economist and former EU commissioner appointed Italian PM designate

CLAIRE MCGREAL  |  MONDAY, 14 NOV 2011
... through a debt crisis that has threatened to bring down the European Union. The speed of his appointment, which came at the request of the Italian president, was intended to restore market confidence globally, with Australian stocks gaining so far today ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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