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Showing 351 - 360 of 597 results for "MCG"

SMSFs dominating super assets

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
The peak body for SMSFs has welcomed the latest Australian Tax Office statistics which show SMSF assets have grown at twice the rate of total super industry assets in the past five years to June 30 2010. According to the "Self Managed Super Funds: a ...

Industry welcomes Shorten's promotion

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
The new Industrial Relations and Financial Services Minister Bill Shorten said he's delighted his new promotion to Cabinet. Yesterday's reshuffle by the Prime Minister sees Shorten elevated to a senior ministerial position for the first time, while ...

Round two of Stronger Super revealed

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
Superannuation industry bodies have until January 13 to make submissions on the second tranche of the government's Stronger Super legislation, unveiled late yesterday. The latest exposure draft follows the introduction of the first part of the Superannuation ...

CommInsure launches underwriting platform

CLAIRE MCGREAL  |  MONDAY, 12 DEC 2011
Nearly 900,000 members of industry funds CareSuper and HESTA now have access to CommInsure's online application and underwriting platform. CommInsure used learnings from its retail business with the aim of helping members to up their insurance cover ...

Energy Super board reduces in size, new members

CLAIRE MCGREAL  |  MONDAY, 12 DEC 2011
Energy Super has appointed two new board members alongside the departure of four fund directors from the board, which sees it reduced from 12 to 10 members. Scott Wilson and Mark Williamson have joined the energy industry fund board, while outgoing ...

AUI winds up High Yield Mortgage Trust

CLAIRE MCGREAL  |  MONDAY, 12 DEC 2011
Australian Unity Investments has begun winding up its High Yield Mortgage Trust following poorer than expected returns to investors in the current investment climate. Investors have already been reimbursed by 48 % of the fund's capital, with the remaining ...

Super assets take a hit in September

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
Total super assets grew by 2% to $1.28 trillion in the year ending September 30, despite a drop of just under $50 billion in assets during that month alone. The latest APRA quarterly superannuation figures released yesterday reveal the regulatory performance ...

AMP Capital forges Japanese alliance

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
AMP Capital Investors has teamed up with Japanese trust bank, Mitsubishi UFJ Trust and Banking Corporation, significantly growing its presence in Japan. The strategic business and capital alliance will give AMP Capital access to around 80% of Japanese ...

Industry responds to intra fund advice measures

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
There's been a mixed reaction from the industry to yesterday's announcement from the government on intra-fund advice. New ASIC guidelines are also being developed to outline how scaled advice can be provided in accordance with the regulatory protections ...

legalsuper launches low fee investment option

CLAIRE MCGREAL  |  THURSDAY, 8 DEC 2011
legalsuper has added a new 'low fee index' option for investors. Managed by State Street, the new choice is underpinned by investments in index funds designed to track the performance of particular market indices. According to legalsuper chief executive ...