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Superannuation

Bank branches finally start to sell wealth product

WWW.THESHEET.COM  |  TUESDAY, 29 MAY 2007
After years of trying, bank branches are finally starting to successfully sell wealth management products and improve their cross-sell rates.

Taxes should not target PE: BVCA

ALEX DUNNIN  |  TUESDAY, 29 MAY 2007
The British Venture Capital Association (BVCA) has told Bloomberg they reject calls that additional taxation be imposed on its members just because they are private investors who use leverage.

Zurich adds new Aussie managers

HAMISH MADDEN  |  MONDAY, 28 MAY 2007
Zurich has revised its Australian manager line-up, appointing Challenger Managed Investments, Schroder Investment Management, State Street Global Advisors and Aberdeen Asset Management.

MLC switches $65b custody contract to NCS

After more than two decades of partnership with State Street, MLC has switched its $65 billion custody and administration services contract for the MLC MasterKey platform to National Custodian Services (NCS).

Allco opens door to Malaysia

HAMISH MADDEN  |  MONDAY, 28 MAY 2007
Allco Finance Group has entered into a joint venture arrangement with Malaysia's second largest financial services provider to pursue opportunities in the region.

Small cap oversight costs significant alpha

New research from Inalytics, who specialise in conducting quantitative analysis on fund manager skill, found that unintended bias from fund managers against small cap stocks cost investors 65 basis points per month in 2006, or a loss of over 7 per cent ...

SMSF property lending of high Calliva

CHRIS NICHOLLS  |  FRIDAY, 25 MAY 2007
Calliva yesterday announced the launch of a new property lending product called SuperAccess, targeting self-managed super funds (SMSF) by allowing trustees to borrow up to 70 per cent of a property's value.

US giant targets local mortgage insurance market

The NYSE listed MGIC Investment Corporation, the largest provider of mortgage insurance in the US, has earmarked Australia as the first target in its international push.

Retirement banking comes of age

Retirees aged over 60 can now access their superannuation money easily and tax-free after ING Australia and ANZ launched a pension-linked cash account that works like an ordinary bank account.

Platinum listing turns to gold

HAMISH MADDEN  |  THURSDAY, 24 MAY 2007
Platinum Asset Management had a stellar debut on the Australian Securities Exchange, with shares jumping by over 70 per cent in the first day of trade.