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Funds price ratings downgrades

ALISON BEVEGE  |  FRIDAY, 1 APR 2011
Ratings agency outlook on Qantas debt has been downgraded from 'stable' to 'negative' on the back of oil price rises, but fund managers who lead the market had already factored in the change, a portfolio manager said yesterday. Moody's Investor Services ...

Super conference ends on a high

ALISON BEVEGE  |  THURSDAY, 31 MAR 2011
The Conference of Major Superannuation Funds ended yesterday with the highest attendance level of trustee directors and funds staff at the event so far, the Australian Institute of Superannuation Trustees said. Just under 1300 delegates from the not-for-profit ...

JMK rules

BENJAMIN ONG  |  THURSDAY, 31 MAR 2011
... financial markets' reaction to the current events that normally would sap optimism out of any rational human investor. Inured? Yes Virginia, you're well aware of all the troubles that have come our way since the year 2011 started. But instead of a rout ...

Credit unions and super funds show same merger trends

ALISON BEVEGE  |  WEDNESDAY, 30 MAR 2011
At least 10 credit unions are in merger talks with superannuation funds set to follow as the financial services sector consolidates, Australian Central Savings & Loans director Terry McGuirk said yesterday. Speaking at a forum on fund mergers at the ...

Robertson and O'Sullivan receive top honours

ALISON BEVEGE  |  TUESDAY, 29 MAR 2011
Michael O'Sullivan, chairman of CareSuper, was named the Australian Institute of Superannuation Trustee's 2011 Trustee of the Year while superannuation pioneer Mavis Robertson was honoured as the inaugural AIST "life member". The accolades were announced ...

More time needed for Stronger Super side issues: Costello

ALISON BEVEGE  |  TUESDAY, 29 MAR 2011
... well aware of the risks of hastily drafted legislation. "It's important not to get distracted by side issues," he said. "So yes there is a risk but we are trying to manage that risk." The Panel advises the Federal Government on how to implement the Stronger ...

AXA releases new North

ELISE BURGESS  |  TUESDAY, 29 MAR 2011
AXA has officially launched its next generation of the North platform, revealing the upgrade to over 2,000 advisers on its roadshows this week. As previously reported by Financial Standard, the North's new generation platform builds on the capital guaranteed ...

Super rollovers go electronic

ALISON BEVEGE  |  MONDAY, 28 MAR 2011
A trial program to electronically process super fund rollovers has passed with flying colours and is now open for business. REST, Sunsuper and StatewideSuper tested out the Industry Funds Forum's new eRollover system to see whether it would accurately ...

Govt claims MRRT as super victory

ALISON BEVEGE  |  FRIDAY, 25 MAR 2011
The Federal Government said yesterday's agreement to mining tax changes has helped ensure the raising of the superannuation guarantee from 9 per cent to 12 per cent. Assistant Treasurer Bill Shorten said in a media release that Minerals Resources Rent ...

Capitalism killed Mars

BENJAMIN ONG  |  THURSDAY, 24 MAR 2011