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SMSFs turning to managed funds

Self managed super fund (SMSF) clients are finding it easy to manage their investments but are becoming more defensive, increasingly opting for managed funds. The findings were released yesterday by AMP Capital Investors and Investment Trends, whose ...

Women like risk, men think too much

HAMISH MADDEN  |  WEDNESDAY, 12 APR 2006
While behavioral finance helps explain the things that economics gets wrong, a greater understanding of investor behavior may help us develop investment products that better suit individuals. Tracey McNaughton, senior economist with BT Financial Group ...

US pension fund wealth bigger than individual wealth

HAMISH MADDEN  |  WEDNESDAY, 12 APR 2006
US fiduciary wealth has surpassed individual wealth, presenting new opportunities for pension funds and other managed funds to leverage the weight of money to achieve corporate and social change. Speaking at the CMSF conference yesterday, William Greider ...

AIST and CMSF merger to strengthen trustee services

HAMISH MADDEN  |  TUESDAY, 11 APR 2006
At its AGM held on the Gold Coast yesterday, AIST released a discussion paper canvassing a potential merger with CMSF and the long-term viability of super trustee organisations. Citing the reducing number of super funds as the primary catalyst for the ...

Fin literacy won't happen overnight, but it will happen: Clitheroe

HAMISH MADDEN  |  TUESDAY, 11 APR 2006
Paul Clitheroe, chair of the Financial Literacy Task Force, believes improving financial literacy is a 20 year project. Being a long term project, he said, it starts in the home, should be taught in schools and, above all, needs to be demonstrated through ...

Labor launches 6-point super plan

KATE HAGE  |  TUESDAY, 11 APR 2006
The Labor party has announced plans to finetune the nation's superannuation system, targeting lifting retirement income, cutting superannuation taxes and making it simpler for people to consolidate lost super. The Leader of the Opposition, Kim Beazley ...

Market Wrap

AAP  |  TUESDAY, 11 APR 2006
The Australian share market is expected to open firmer and recover some of yesterday's losses as the factors that weighed on the local bourse on Monday have dissipated. A sharp rally in base and precious metal prices, as well as a firmer close on the ...

Investec Australia buys NM Rothschild

WWW.THESHEET.COM  |  FRIDAY, 7 APR 2006
Specialist investment bank Investec Bank Australia yesterday said it signed a heads of agreement to acquire NM Rothschild & Sons (Australia). A statement issued by Investec group head office in South Africa said the transaction represents a value of ...

Daily economic update

There were again no surprises in the Reserve Bank of Australia's (RBA) announcement that its Board decided to keep the official cash rate unchanged at 5.5 per cent after yesterday's meeting. Moderate economic growth and benign inflation pressures have ...

Tax reform calls often about welfare not tax: Costello

ALEX DUNNIN  |  TUESDAY, 4 APR 2006
Even before the Government's 400 page Tax Inquiry report has been printed, the Treasurer is working hard to manage the expectations coming out of it. In an interview yesterday on SKY, Treasurer Peter Costello said that the real debate is not so much ...