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Superannuation

SMSF trustees wise up

MICHAEL HOBBS  |  WEDNESDAY, 7 MAY 2008
Partners Superannuation Services research has found one in 12 self managed super funds (SMSF) continue to break Australian Tax Office (ATO) rules, but the range of non-compliance offenses had tapered.

QIC breaks away from asset norm

RUTH LIEW  |  TUESDAY, 6 MAY 2008
QIC, a top institutional fund manager with over $70 billion in assets under management, has restructured its business along three lines, based on alpha, beta and capital management, as opposed to traditional asset classes.

From PDS doorstoppers to digests

MICHAEL HOBBS  |  TUESDAY, 6 MAY 2008
In line with new government rules calling for shorter product disclosure statements, ING Australia has reduced the size of its PDSs for OneAnswer and OneCare products by 33 per cent.

Advisers endorse rural insurance top guns

MICHAEL HOBBS  |  TUESDAY, 6 MAY 2008
Rabo Financial Advisers (RFA) is set to boost its risk insurance relationships with Aviva, Asteron and CommInsure after they were identified as leaders in providing risk insurance to primary producers and regional businesses.

AustSafe launches Super Personal

MICHAEL HOBBS  |  TUESDAY, 6 MAY 2008
AustSafe Super has launched its self employed and small business super product, AustSafe Super Personal, to strengthen its position in rural and regional areas.

Tax relief will drive insurance cover

Changes to tax rules on insurance within and outside super will go a long way in addressing the country's underinsurance problems, according to Watson Wyatt.

ING buys Citistreet for $960m

MICHAEL HOBBS  |  MONDAY, 5 MAY 2008
ING Group has acquired admin services giant Citistreet, owned by Citi and State Street, for a whopping $960 million in cash.

AXA Rosenberg unveils super long/short

RUTH LIEW  |  MONDAY, 5 MAY 2008
AXA Rosenberg Investment Management has launched a long/short strategy that it claims suits super funds to a tee.

130/30 demand drops

RUTH LIEW  |  FRIDAY, 2 MAY 2008
US investor interest in 130/30 equity strategies have noticeably waned in the six month period by the end of March - a reversal of a trend that pervaded for the most part of the last two years.

Same sex super overdue: AIST

RUTH LIEW  |  FRIDAY, 2 MAY 2008
The Australian Institute of Superannuation Trustees (AIST) has thrown its support behind the Federal Government's proposal to eliminate same-sex discrimination in superannuation law.