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Fund member admin in spotlight at super forum

STAFF WRITER  |  FRIDAY, 30 AUG 2013
QSuper and BNP Paribas headlines an upcoming event that focuses on what happens behind the scenes when running a superannuation fund. International Business Review will hold its Superannuation Fund Back Office: Member Administration and Investment Operations ...

Wealthy parents fear kids can't handle family fortune

MARK SMITH  |  THURSDAY, 29 AUG 2013
Almost three-fifths of wealthy parents lack confidence in their children's ability to handle a large financial inheritance, according to a recent survey from Bank of America private wealth subsidiary U.S. Trust. The private bank asked 711 Americans ...

Academic questions Libs' super board independence policy

JAMES FERNYHOUGH  |  WEDNESDAY, 28 AUG 2013
The Coalition's plan to introduce stricter rules aimed at ensuring super fund board independence could be counterproductive, according to Sally Wheeler, professor of law at Queen's College, Belfast. Speaking at an event hosted by the Association of ...

AMP Capital raises US$300m for infra debt fund

JAMES FERNYHOUGH  |  TUESDAY, 27 AUG 2013
... shortly," he said. Investors in the IDF II include pension funds from the UK, US, Australia, Switzerland, and "one of the top insurance companies in South Korea." AMP Capital Chief Executive International and Head of Global Clients Anthony Fasso said ...

Twitter co-creator to speak at AFA Conference

LAURA MILLAN  |  TUESDAY, 27 AUG 2013
Twitter co-creator Dom Sagolla will be speaking about how the social network started at the Association of Financial Advisers (AFA) Conference in October. Sagolla who has left Twitter, now heads a successful phone applications company. "Dom has the ...

Market Wrap AM

AAP  |  FRIDAY, 23 AUG 2013
... recovering from previous days' losses on better-than-expected eurozone and Chinese economic data. London's FTSE 100 index of top blue-chip companies rose 0.88 per cent to finish the day at 6,446.87 points. Frankfurt's DAX 30 advanced 1.36 per cent to ...

CIE expands its education program to the retail market

STAFF WRITER  |  THURSDAY, 22 AUG 2013

Abbott's PPL scheme to cost retirees $1.6 billion in hidden tax

JAMES FERNYHOUGH  |  THURSDAY, 22 AUG 2013
... reality is it won't hit individual SMSFs very hard. According to our calculations, for an SMSF with $500,000 spread over the top 20 ASX-listed companies, the tax would cost approximately $500 a year in lost tax refunds. That amounts to 0.1% of the balance. ...

Hyperion joins Packer in taking Magellan profits

MARK SMITH  |  THURSDAY, 22 AUG 2013
Top-performing investment boutique Hyperion Asset Management has joined billionaire entrepreneur James Packer in selling down holdings in global equity and infrastructure fund house Magellan Financial Group. According to an update to investors on Hyperion's ...

Aussie investors should have 90% of equity portfolio overseas

MARK SMITH  |  WEDNESDAY, 21 AUG 2013
... destinations like China and other South East Asian economies will not offer adequate value or diversification. That is the view of top-performing London-based investment house Bedlam Asset Management and leading Australian global equities specialist ...