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Superannuation

AIG and netwealth ride again

CHRIS NICHOLLS  |  FRIDAY, 29 JUN 2007
Independent platform provider netwealth has renewed its contract with AIG Life to provide life, TPD and salary continuance insurance to their Super Wrap - Personal Super and Employer Sponsored Super, adding a range of new features.

ING boosts life payments

CHRIS NICHOLLS  |  THURSDAY, 28 JUN 2007
ING has increased life insurance benefits for employers and staff who have cover through their super, including a market-first rise in maximum TPD benefits from and unlimited death benefits.

Stung UK private equity managers fight back

ALEX DUNNIN  |  THURSDAY, 28 JUN 2007
Stung by mounting criticism in the UK alleging private equity managers are tax dodgers, asset strippers and don't contribute to the economy, the British Venture Capital Association (BVCA) has thrown off the gloves and come out fighting.

Perpetual launches structured cap-protection fund

CHRIS NICHOLLS  |  THURSDAY, 28 JUN 2007
Perpetual has announced the first capital protected structured fund, providing lock-in gains and an option to borrow up to 100 per cent of original invested value and the first year's interest with no margin calls.

InvestorWeb research for sale?

It is understood that the sale document for InvestorWeb, the managed funds research arm of IWL, is circulating in the market two months after IWL divested its financial software business VisiPlan.

US fund fees plummet

ALEX DUNNIN  |  WEDNESDAY, 27 JUN 2007
Fees and expenses for US mutual funds plummeted to their lowest levels in more than a quarter century in 2006, according to new research just released by the Investment Company Institute in the US.

Fin services not delivering

ALEX DUNNIN  |  WEDNESDAY, 27 JUN 2007
Ten years after the Wallis financial system inquiry, the industry has failed to deliver on its promise and continues to lag the rest of the economy while it has also become an export failure, highlighting that the inquiry really delivered very few tangible ...

Principal buys $16.5b value fund

Principal Global Investors (PGI) has acquired Morley Financial Services, a value asset manager with around $16.5 billion (US$14 billion) in funds under management, for $88.8 million (US$75 million).

Credit Suisse puts twist on hedge indexing

Credit Suisse has launched a new indexed leveraged hedge fund, with a unique daily liquidity feature and exposure to multiple hedge fund strategies and managers.

Bank on high quality: ipac

Implemented consultant ipac Securities predicts the 'next big thing' in global shares will be the 'old big thing' after it found that the relative valuations of high quality stocks are now trading at 40 year lows.