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REST and First State Super seed St Hilliers No. 4

... million in assets, Fund No. 2 and No. 3 have a combined $140 million while Fund No. 4 is expected to have a gross end value close to $500 million. The new fund's key attraction is that both REST and First State effectively access the portfolio at cost ...

Market Wrap - Morning

AAP  |  MONDAY, 26 MAY 2008
... being the only bright spot. The benchmark S&P/ASX200 index was down 58.92 points, or 1.01 per cent, to 5,768 at the market close, while the broader All Ordinaries declined 53.8 points, or 0.91 per cent, to 5,866.2. NEW YORK - US stocks fell on Friday ...

ING snaps up Zurich advisory group

RUTH LIEW  |  FRIDAY, 23 MAY 2008
... insurance business to Insurance Advisernet Australia (IAA), which is part of the Austbrokers network. "Millennium3 has a close working relationship with Austbrokers and this will be a good strategic fit for both parties," said Millennium3's joint managing ...

Market Wrap - Morning

AAP  |  FRIDAY, 23 MAY 2008
... giant Westfield Group holds its annual general meeting. The Australian share market recovered from a poor start yesterday to close barely in the black as record prices for oil boosted energy stocks. The benchmark S&P/ASX200 index rose 3.5 points, or ...

PRINT and JUST to form Media Super

RUTH LIEW  |  THURSDAY, 22 MAY 2008
PRINT SUPER and JUST SUPER are merging to form Media Super on 1 July - creating a fund with nearly $3 billion in assets. According to a joint statement, more than 110,000 members and 12,000 employers across the printing, media, entertainment and arts ...

Temp residents worse off from new super rules

MICHAEL HOBBS  |  THURSDAY, 22 MAY 2008
The Federal Government's proposed superannuation changes for temporary residents could divert up to $1 billion to the Australian Tax Office and hinder Australian businesses' effort to attract skilled overseas workers, according to Deloitte. Sarah Lane ...

Market Wrap - Morning

AAP  |  THURSDAY, 22 MAY 2008
The Australian share market is expected to open more than one per cent lower after stagflation fears hit Wall Street. The prices of most industrial metals fell overnight but the oil price continued its upward charge and precious metals also were stronger. ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 21 MAY 2008
... on the bourse. The benchmark S&P/ASX200 dropped 41.3 points to 5,908.1 and the broader All Ordinaries lost 40.1 points to close at 5,994.9. NEW YORK - US stocks fell 1.5 per cent as rising producer prices excluding food and energy costs combined with ...

Market Wrap - Midday

AAP  |  TUESDAY, 20 MAY 2008
... declined slightly in Sydney today. The spot price of gold in Sydney was $US904.65 per fine ounce, down $US2.90 from yesterday's close of $US907.55. The dip follows a more than $26 rise from Friday's Sydney closing price. Among gold stocks, Newmont fell ...

Share performance gap widens after tax

MICHAEL HOBBS  |  TUESDAY, 20 MAY 2008
There are more reasons why investors should put their savings in a super fund after a new report found a substantial difference between the returns of funds taxed within super and under a personal tax rate. The Russell/ASX Long Term Investing study ...