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Financial Planning

CalPERS boss given marching orders

Sean Harrigan, the President of America's biggest pension fund, California Public Employees' Retirement System (CalPERS), has been removed from his post.

Basis new fund yields maiden one-year return

Basis Capital's Yield fund has posted an impressive first year return of 13.5 per cent and funds under management figures of $55 million.

New incentives to boost FUM

Tasmanian based Quadrant Superannuation Scheme has formulated a new strategy to increase its funds under management.

Underinsurance still an issue for industry

MLC protection solutions general manager Greg Einfeld spoke at the FPA conference today about the importance of insurance under changing demographics.

ASIC bans accountant for good

ASIC has banned Ramon Osborne from providing financial services permanently because he is insolvent under administration and the regulatory authority had serious concerns over his ability to comply with financial service laws in the future.

Battlers support super contributions

Figures released by the Assistant Treasurer and Minister for Revenue the Hon Mal Brouch show that over 17 per cent of low and middle income earners will receive a government co-contribution to their superannuation.

Australian global equities under review

A key trend Standard & Poor's (S&P) observed from its latest global equities sector review was the major benchmark deviation across management groups in favour of underweighting in the US market.

BT wins Fiducian mandate

Fiducian Portfolio Services has awarded a $20 million mandate to BT Financial Group for the Fiducian Australian Shares Fund.

MIR expands offering into retail space

Boutique fund manager MIR Investment Management will offer a series of funds into the retail space through its alliance with Equity Trustees (EQT).

Retail funds continue to flow

ASSIRT's latest market research report has shown retail net funds flow increased in the June 2004 quarter from $3.5 billion to $3.7 billion.