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Superannuation

Super averages 15.3 pct for 2006-07

ALEX DUNNIN  |  FRIDAY, 3 AUG 2007
Catholic Super with 21 per cent, SERF with 19.2 per cent, Westscheme with 18.8 per cent, MTAA with 18.7 per cent and Telstra with 18.2 per cent have claimed the official top five places in the SelectingSuper final results for 2006-07 and helped the industry ...

Over Fifty Group offers reverse mortgage courses

CHRIS NICHOLLS  |  FRIDAY, 3 AUG 2007
Over Fifty Group (OFG) and SEQUEL have partnered up to provide reverse mortgage accreditation courses for brokers and planners.

Cambridge opens Down Under

ALEX DUNNIN  |  THURSDAY, 2 AUG 2007
The 800-strong institutional investment and research group Cambridge Associates is opening a Sydney office to meet demand from local funds and managers for better global research and information services.

Standardise sustainability reporting: Finsia

HAMISH MADDEN  |  THURSDAY, 2 AUG 2007
A new study released by the Financial Services Institute of Australasia (Finsia) has highlighted a potential $1.2 billion injection into Australia's bottom line GDP each year and a boost to profits if companies adopt standardised sustainability risk ...

Sunsuper awards $580m mandate to US endowment fund

Sunsuper has appointed Makena Capital Management, a US-based pioneer in private endowment investing, to manage $580 million (US$500 million) of its portfolio.

Statewide rolls out automatic insurance cover

South Australia-based super fund Statewide has come up with a simple but clever answer to the nation's underinsurance problems - give members a better insurance deal without the cumbersome paperwork and medical checks.

MasterSuper puts eggs in high conviction basket

HAMISH MADDEN  |  WEDNESDAY, 1 AUG 2007
MasterSuper has awarded $50 million to BT Financial and $46 million to Alleron Investment Management as high conviction Australian equities mandates.

Sentiment to Aust shares stays high

ALEX DUNNIN  |  TUESDAY, 31 JUL 2007
Sentiment towards strong Australian equity returns has improved over the last month while the mood towards international equities has dampened, according to latest Financial Standard market expectations survey.

New partnerships and sponsorships announced

ALEX DUNNIN  |  TUESDAY, 31 JUL 2007
The financial service industry continues to ramp up its presence in the corporate sponsorship market with Wilson HTM, MFS and Community First Credit Union all recently announcing major community partnerships, donations and sports sponsorships.

Australian economy to lose shine in 2025

London-based economic futurist and author Hamish McRae predicts that the US will remain the largest economic hub in the world by 2025 with China a close second but that Australia will be overtaken by India and Mexico.