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Boutique managers consistently outperform: research

LAURA MILLAN  |  TUESDAY, 16 JUN 2015
... investing exclusively with boutiques across all categories would have created 11% greater wealth for clients. AMG also found that top-decile and top-quartile boutique strategies added 1,133 basis points and 589 basis points, respectively, on an average ...

Small funds winning group risk race

ALEX BURKE  |  MONDAY, 15 JUN 2015
... covered by insurers, but it's the insurers who can attract and retain clients from other fund segments who are coming out on top, especially new retail platforms. AIA and CommInsure are the largest insurers by number of fund clients (23), followed by ...

Market to open lower

AAP  |  MONDAY, 15 JUN 2015
... Greek default, the day after key creditor IMF said they were far off reaching a deal. London's benchmark FTSE 100 index of top companies closed down 0.90 per cent at 6,784.92 points on Friday. In the eurozone, the CAC 40 in Paris lost 1.41 per cent to ...

Rice Warner debunks super myths

DARREN SNYDER  |  FRIDAY, 12 JUN 2015
... share of personal taxation has risen to 48% of the $415 billion in revenue expected to be raised in 2015-16. "We suggest the top marginal tax rate should be lowered in time to no more than 40 cents in the dollar. It is well known that tax rates are not ...

Market to open flat

AAP  |  FRIDAY, 12 JUN 2015
... cent to end Thursday at 823.16 points. Europe's main markets were a bit less optimistic. London's benchmark FTSE 100 index of top companies rose 0.24 per cent to close at 6,846.74 points. In the eurozone, the CAC 40 in Paris climbed 0.74 per cent to ...

Early release super approvals increasing

DARREN SNYDER  |  THURSDAY, 11 JUN 2015
About 73% of Australians who applied for an early release of their superannuation were given approval in the first 10 months of the 2014-15 financial year, according to data from the Department of Human Services. As of April more than 16,000 early release ...

VicSuper and Challenger launch integrated super retirement product

DARREN SNYDER  |  THURSDAY, 11 JUN 2015
VicSuper has answered the Financial System Inquiry's call for superannuation trustees to introduce measures that will potentially protect members' longevity risk and improve efficiency in retirement. In conjunction with investment management firm Challenger ...

SMSF allocation to Aussie equities hits year-low

LAURA MILLAN  |  THURSDAY, 11 JUN 2015
... in international shares were up 1.9% to 14.4%, compared to the previous quarter. While the major banks and Telstra remain top of the list for investment, the representation of top 10 stocks in SMSF portfolios has reduced from 19% to 16.8% during the ...

Market to open higher

AAP  |  THURSDAY, 11 JUN 2015
... fished for bargain shares despite fears over a possible Greek default and euro exit. London's benchmark FTSE 100 index of top companies rose 1.13 per cent to 6,830.27 points on Wednesday. Meanwhile in the eurozone the CAC 40 in Paris climbed 1.75 per ...

Actuaries say super taxes need to be reviewed

DARREN SNYDER  |  WEDNESDAY, 10 JUN 2015
... risk." Recently Industry Super Australia (ISA) said its analysis of retirement incomes showed current tax breaks flowing to the top 1% of Australian income earners will more than double their retirement income. ISA said the lowest paid Australians who ...