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Superannuation

Success of planners a double-edged sword

CHRIS NICHOLLS  |  MONDAY, 25 JUN 2007
Promoting financial planning may be the next big challenge for the industry, but it will also expose a chronic shortage of planners, according to AMP Financial Planning managing director, Michael Guggenheimer.

Industry cheers red tape cuts

The Simpler Regulatory Bill passed last week will reduce the compliance burden and costs associated with advice for investments or superannuation amounts under $15,000, a move welcomed by the Financial Planning Association (FPA) and the Institute of ...

Govt push for reforms in $221.4b legacy products sector

In a move that could unshackle thousands of investors from obsolete or outdated investment products, the Government has released a consultation paper outlining ways to rationalise 6,000 legacy investment products estimated to be worth $221.4 billion.

AMP NZ shifts passive portfolio to 100% active

The largest fund manager in NZ, AMP Capital Investors, has moved its entire global equities portfolio from 80 per cent passively managed and 20 per cent actively managed to 100 per cent actively managed to take advantage of new rules that will come into ...

AIG builds major risk upgrade for AON

ALEX DUNNIN  |  THURSDAY, 21 JUN 2007
AIG Life has custom built new group insurance arrangements with AON Master Trust, adding a significant range of new policy features that AON believes makes their master trust among the most competitive in the market.

Westpac goes to water

WWW.THESHEET.COM  |  WEDNESDAY, 20 JUN 2007
Westpac is pursuing an aggressive expansion program in its Specialised Capital Group, focusing on infrastructure, property, private equity and high-yield debt.

Putnam wins $600m AMP fixed income mandate

AMP Capital Investors Future Directions Fund has awarded Putnam Investments a global fixed income mandate worth around $600 million.

Biotech fund breaks into $4bn hearing loss sector

Listed fund BioTech Capital is making a play for the $4 billion hearing loss industry by injecting $2 million into hearing technology company Sensear.

Skandia parts ways with Mercer

CHRIS NICHOLLS  |  TUESDAY, 19 JUN 2007
Skandia has bowed to the inevitable and replaced Mercer Investment Consulting with in-house consultancy Intech as its portfolio construction adviser from next month, ending uncertainty over where the two companies sat within the business.

Enhanced index tips over $10bn

State Street Global Advisors' Global Index Plus strategy has attracted more than $10 billion in funds under management, clocking more than a billion each year since launch, as more super funds shift their money from 'vanilla' index portfolios to those ...