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Rise of the new rich

MICHELLE BALTAZAR  |  TUESDAY, 12 OCT 2010
... international equities portfolios should look like to tap on where the middle class are spending their new found wealth. On top of the pyramid are the world's 1,000-plus billionaires, 500 of whom are from North America followed by 245 from Asia Pacific ...

Planner associations at different stages globally

ELISE BURGESS  |  TUESDAY, 12 OCT 2010
The issue of whether Australian financial adviser associations should be doing more for their members and how they compare to their US counterparts has cropped up in the industry, with many divided on the topic as to the role an association should play. ...

PAS taps direct property, shifts bonds

RUTH LIEW  |  TUESDAY, 12 OCT 2010
... 10.8 per cent in its default growth option for the year to 30th of June. The fund said that the result places it among the top quartile of industry super funds with similar risk profiles. By comparison, the S&P ASX300 accumulation index returned 13.05 ...

Good vintage yields strong returns

RUTH LIEW  |  TUESDAY, 12 OCT 2010

ASIC tightens noose on managed inv schemes

JOHN MCDULING  |  FRIDAY, 8 OCT 2010
Australia's top financial watchdog has called for strict new requirements to protect investors in managed investment schemes, but the rules could end up hurting the very same people they aim to protect. In a recently released discussion paper, ASIC ...

AFA unveils Adviser of the Year Award finalists

AFA MEDIA RELEASE  |  THURSDAY, 7 OCT 2010
... association's 2010 Adviser of the Year Award and has introduced a new category to reflect fierce competition this year for the top prize. AFA chief executive Richard Klipin said they've introduced a 'highly commended' category to recognise the advisers ...

RBC Dexia appoints new Hong Kong MD

ELISE BURGESS  |  THURSDAY, 7 OCT 2010
... newly-launched Exchange Traded Funds. RBC Dexia Investor Services is equally owned by RBC and Dexia and ranks among the world's top 10 global custodians with US$2.4 trillion in client assets under administration.

UBS poised to enter local ETF market

RUTH LIEW  |  FRIDAY, 1 OCT 2010
... the opportunities, we'll make a decision if that's the right one to pursue or not," said Heap. Overseas, UBS is among the top 10 largest ETF providers in Europe. In addition to European equities, the firm produces oil, gold, platinum and real estate ...

BT Super for Life hits $1bn FUM

JOHN MCDULING  |  FRIDAY, 1 OCT 2010
BT Super for Life has topped the $1 billion in funds under management mark, less than three years after launching, and based on the average fees of its competitors, the company said that it had saved its 200,000 customers some $10 million in fees. The ...

Telstra Super rates high on CHOICE

ELISE BURGESS  |  TUESDAY, 28 SEP 2010
Telstra Super earns top spot in member satisfaction according to leading consumer advocacy group, CHOICE. Telstra Super earned a customer satisfaction score of 75.7 per cent in the CHOICE Super Satisfaction Survey which assess funds across a range of ...