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Sixteen Aussie funds make top 300 pension funds list

JAMES FERNYHOUGH  |  THURSDAY, 4 SEP 2014
... continued demise of defined benefits schemes, with 66.7% of funds being DB compared to 68.5% in 2012. The asset allocation of the top 20 funds revealed an overwhelmingly defensive strategy, reflecting the continued though diminishing dominance of DB ...

Advertising won't grow membership, super funds told

JAMES FERNYHOUGH  |  WEDNESDAY, 3 SEP 2014
... funds growing fastest are focusing on cost and utility. That's the proposition that's resonating with customers." She said the top factors were a fund's trustworthiness, followed by value for money, fees and charges and investment returns. However, she ...

Super returns dip but still strong

STAFF WRITER  |  TUESDAY, 2 SEP 2014
... direct property 9% but A-REITs have continued their rebound as they posted a rolling 12 month return at end June of 11%. The top five Workplace super funds (by MySuper and default options) were Telstra Super, CFS FirstChoice, AUSCOAL, Rio Tinto and UniSuper ...

Matrix merger to place ClearView among top 10 licensees

LAURA MILLAN  |  MONDAY, 1 SEP 2014
ClearView's bid to acquire all of the shares in Matrix's financial planning business would place the combined group among Australia's ten largest advice groups by number of advisers. ClearView and Matrix entered into a merger implementation deed last ...

Advisers use more insurers, but main provider still key: research

LAURA MILLAN  |  MONDAY, 1 SEP 2014
... main insurance provider is still crucial, as advisers currently write 59% of premiums through their most-used provider. The top five insurance providers by number of primary planner relationships are: OnePath, AMP, AIA Australia, BT Life and TAL. "The ...

Retirement phase top issue for super in FSI

JAMES FERNYHOUGH  |  FRIDAY, 29 AUG 2014
The superannuation industry has overwhelmingly focused on the shortfalls and challenges of the retirement phase of superannuation in the second round of submissions to the Financial System Inquiry (FSI). In its 140 page submission the Association of ...

Market Wrap AM

AAP  |  THURSDAY, 28 AUG 2014
The Australian market looks set to open lower, after falls in most commodity prices and a fairly flat finish for Wall Street stocks. At 0654 AEST on Thursday, the September share price index futures contract was down 18 points at 5,611. Locally, earning ...

Stagflation is real in Brazil

BENJAMIN ONG  |  WEDNESDAY, 27 AUG 2014
Hit it Karen, I'm on the top of the world lookin' down on creation And the only explanation I can find Is the love that I've found ever since you've been around Your love's put me at the top of the world." Tomorrow has come and the S&P 500 index has ...

Market wrap

AAP  |  TUESDAY, 26 AUG 2014
The Australian share market has opened slightly higher following strong overseas leads. Wall Street's S&P 500 topped 2,000 points for the first time during last night's session but fell back to close 0.48 per cent higher. The broad US gains were partly ...

Billionaire makers: The cities growing the world's wealthiest

MARK SMITH  |  FRIDAY, 22 AUG 2014
... and Spear's magazine. No Australian cities made the list but major financial centres featured prominently. New York came out top overall with a total of 52 billionaires born in the city. Moscow and London took second and third place with 22 and 21 billionaires ...