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Superannuation

Tasplan awards $42m mandate

RUTH LIEW  |  TUESDAY, 13 MAY 2008
Tasplan has reshuffled its funds manager line-up as it appoints a $24.1 million mandate to Marathon Asset Management and a separate $18.3 million to T. Rowe Price.

Canadian RMBS not the answer: S&P

RUTH LIEW  |  MONDAY, 12 MAY 2008
Australia's residential-backed mortgage securities (RMBS) market should be allowed to recover without the intervention of a government-backed agency, argues Standard & Poor's (S&P).

Industry responds to APRA report

APRA's latest research on the governing practices of super funds revealed key differences between how retail fund trustees and industry fund trustees operate, but players from both sides of the fence argue their case.

Cut PDS to less than 20 pages: study

MICHAEL HOBBS  |  FRIDAY, 9 MAY 2008
Research commissioned by IFSA has revealed that superannuation product disclosure statements (PDS) under 20 pages long are the most effective way to present information to investors.

Back to school on finance

BlackRock's chief executive Laurence Fink and his wife Lori have donated US$10 million to UCLA to fund academic research that could help explain the changing world of investments post sub-prime.

Aviva super gives $800 tax refund

MICHAEL HOBBS  |  FRIDAY, 9 MAY 2008
Customers invested in Aviva Australia's Navigator Personal Retirement Plan received an $800 tax refund, on average, last financial year.

Less clients, larger loan sizes

Margin lending is still the most popular form of gearing used by brokers for their clients and while the numbers are down, loan sizes are up.

Retail and not-for-profit trustees are different

ALEX DUNNIN  |  THURSDAY, 8 MAY 2008
A governance review of super funds by APRA has found that while decisions by not-for-profit funds are driven by their trustees, it's senior executives who initiate most of the key decisions in retail funds.

Super SA and Bravura signs deal

RUTH LIEW  |  THURSDAY, 8 MAY 2008
Super SA has extended its contract with wealth management applications provider Bravura Solutions for a further three years.

Foreign Exempt rules under review

RUTH LIEW  |  WEDNESDAY, 7 MAY 2008
Standard & Poor's Index Services (S&P) has teamed up with the Australian Securities Exchange (ASX) to seek market feedback on a proposal to make listed Foreign Exempt companies eligible for index inclusion.