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Superannuation

SPAA backs specialist audit

MICHAEL HOBBS  |  FRIDAY, 14 MAR 2008
The Self Managed Super Fund (SMSF) Professionals Association of Australia is turning its attention to auditing practices, and will call on new legislation to recognise auditors accredited to work on SMSFs as specialist SMSF auditors.

SMSFs on govt watch

MICHAEL HOBBS  |  THURSDAY, 13 MAR 2008
Speaking at the Self-Managed Super Fund (SMSF) Professional Association of Australia (SPAA) conference, Nick Sherry, minister for superannuation and corporate law, said the government would be keeping a close eye on aggressive marketing campaigns targeting ...

Super trustee faces ASIC probe

RUTH LIEW  |  WEDNESDAY, 12 MAR 2008
The Australian Securities and Investments Commission (ASIC) obtained orders by consent in the Supreme Court of New South Wales yesterday against Fenumiai Solofuti of Campbelltown, New South Wales.

Enron Part Two

A visiting US accounting academic has called for a re-design of auditing practices to avoid public company frauds of Enron scale to happen again, in the wake of the sub-prime led market crisis.

Household wealth breaks through $5 trillion

ALEX DUNNIN  |  TUESDAY, 11 MAR 2008
Household wealth in Australia is now estimated to be $5.1 trillion after jumping 12 per cent last year, reveals the latest analysis from Treasury.

BUSSQ grants $50m to T.Rowe Price

MICHAEL HOBBS  |  TUESDAY, 11 MAR 2008
Queensland building and construction super fund, BUSSQ has awarded a $50 million international equities mandate to T.Rowe Price.

Raise the pension, says seniors

RUTH LIEW  |  MONDAY, 10 MAR 2008
A consumer body is flagging the need for a raise in the Age Pension following reports that the government may ditch the $500 bonus payment to senior Australians this year.

CalPERS pumps cash into fund-of-funds

RUTH LIEW  |  MONDAY, 10 MAR 2008
US pension giant California Public Employees' Retirement System (CalPERS) has invested an extra $323.1 million last week for emerging managers.

Christian Super avoids tobacco

MICHAEL HOBBS  |  MONDAY, 10 MAR 2008
Christian Super has distanced itself from other Australian super funds that invest in tobacco companies after a survey found super fund members wanted them to avoid the tobacco industry.

PE must work on PR

MICHAEL HOBBS  |  FRIDAY, 7 MAR 2008
As more institutions invest in alternative assets such as private equity, the sector players have to re-think how they communicate their message under the more intense public spotlight.