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Superannuation

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.

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.