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ATO launches superannuation video comp

ALEX DUNNIN  |  WEDNESDAY, 21 AUG 2013
The Australian Taxation Office (ATO) has launched its annual video competition and this year the theme is superannuation engagement for young people. The ATO has also opened the video competition to any student from any Australian tertiary or vocational ...

US foreign exchange group sets up in Australia

MARK SMITH  |  WEDNESDAY, 21 AUG 2013
... importance of the local currency. Cambridge said a strong economy has seen the Australian dollar quickly become one of the world's top five traded currencies, therefore establishing a headquarters in Sydney has been a critical step for broadening its ...

Mason Stevens opens top Magellan fund to managed accounts

MARK SMITH  |  WEDNESDAY, 21 AUG 2013
Mason Stevens has launched the Magellan Global Equity Model Portfolio as a managed account. The portfolio is sub-advised by the Magellan investment team and mirrors the successful Magellan Global Fund, which has returned 39% to investors over the 12 ...

Investor confidence drives advice growth

LAURA MILLAN  |  WEDNESDAY, 21 AUG 2013
... that 95% of advisers are still facing the challenges of the Future of Financial Advice (FoFA) reforms. Advisers said that the top five challenges relate to administering client opt-ins, administering fee disclosure requirements, and the compliance burden ...

NAB tight-lipped on latest redundancies

JAMES FERNYHOUGH  |  MONDAY, 19 AUG 2013
... the custody space. But with growing competition from players such as Citi, State Street and BNP Paribas, their place at the top is no longer secured. NAB recently lost the business of two giant superannuation funds, Sunsuper and QSuper, to State Street ...

Australian ETF industry soars to reach $8 billion

MARK SMITH  |  MONDAY, 19 AUG 2013
... followed by ETFS Physical Gold in third. The iShares S&P Global 100 ETF and Vanguard Australian Shares Index ETF complete the top five. July saw two new ETFs made available on the ASX: a fundamental index ETF and the first currency hedged international ...

Planners Best Practice Awards closing soon

STAFF WRITER  |  FRIDAY, 16 AUG 2013

BOQ to fork out $46 million over interest rate botch

JAMES FERNYHOUGH  |  THURSDAY, 15 AUG 2013
... Meanwhile, BOQ's board of directors have said they expect profit before tax for the year up to 31 August 2013 to be "at the top end" of $339 million to $368 million. Results will be announced 10 October 2013.

BetaShares ETFs awarded Lonsec 'Recommended' ratings

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
... Basket ETF. Betashares first fundamental index, the FTSE RAFI Australia 200 ETF provides investors with an exposure to the top 200 companies listed on the ASX and it reflects their economic footprint rather than their market capitalisation. The fund ...

AustralianSuper to increase in-house investment capacity

JAMES FERNYHOUGH  |  MONDAY, 12 AUG 2013
... an ability for funds to compete," Holzberger said. However, he conceded that not-for-profit funds would be unable to offer "top dollar." But in his view this is not necessarily a problem, as super funds offer "a long-term opportunity." "If you are looking ...