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Superannuation

MLC and Aviva slash fees

CHRIS NICHOLLS  |  THURSDAY, 29 MAR 2007
MLC and Aviva have both introduced programs that allow customers to reduce administration fees by aggregating their accounts.

MFS goes on a shopping spree

HAMISH MADDEN  |  THURSDAY, 29 MAR 2007
Listed investment group MFS has been on a buying spree of late, announcing it had entered into an agreement to purchase another New Zealand advisory firm, taking a 40 per cent stake in an Australian funds management business and launching an off-market ...

Zurich reviews managers after DeAM divestment

HAMISH MADDEN  |  THURSDAY, 29 MAR 2007
Hot on the heels of Deutsche Asset Management's (DeAM) divestment of its Australian funds management manufacturing business to Aberdeen Asset Management, Zurich Financial Services has asked Mercer Investment Consulting to undertake a review of managers ...

SELECT taps into futures with new fund

HAMISH MADDEN  |  TUESDAY, 27 MAR 2007
Select Asset Management has partnered with alternative investment specialist Aspect Capital to launch the Select Futures Fund, a managed fund offering retail investors access to global financial, currency and commodity futures markets.

Mariner buying up in Germany

CHRIS NICHOLLS  |  TUESDAY, 27 MAR 2007
Mariner has acquired four premium office buildings in Germany, ahead of the launch of a Mariner German Property Trust later this year.

Super funds hunting grounds for criminals

Super funds are increasingly becoming the target of organised crime and white-collar fraudsters, according to Peter Morris, director of KPMG Forensic.

Members should update binding beneficiaries: ASFA

ALEX DUNNIN  |  MONDAY, 26 MAR 2007
Confirming the importance of insurance for super funds and also the prime weakness of group insurance, the Association of Super Funds of Australia (ASFA) is appealing for fund members to nominate binding beneficiaries.

Global Octance Fund takes off

HAMISH MADDEN  |  MONDAY, 26 MAR 2007
HFA Asset Management, a subsidiary of Australian Stock Exchange listed HFA Holdings, has released its newest absolute return product, the HFA Octane Global Fund.

Westscheme stays with TOWER for life

HAMISH MADDEN  |  MONDAY, 26 MAR 2007
Industry fund Westscheme Superannuation Fund has reappointed TOWER Australia as the fund's group life insurance provider for its 178,000 member base.

DeAM sets sights firmly on alternatives

MICHELLE BALTAZAR, HAMISH MADDEN  |  FRIDAY, 23 MAR 2007
In a bold strategic move, Deutsche Asset Management (DeAM) is positioning itself to stride ahead of all comers in the alternatives space and has agreed to sell its Australian equities and fixed income businesses to Aberdeen Asset Management for around ...