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Superannuation

Company directors arrested on theft charges

HAMISH MADDEN  |  MONDAY, 18 DEC 2006
Two former directors of the Personalised Finance Solutions group of companies (PFS Group) have been bailed to appear in court later this month on charges relating to the theft of $930,000 from investors.

Sovereign MF building up its aged care portfolio

HAMISH MADDEN  |  FRIDAY, 15 DEC 2006
Boutique property funds manager and developer Sovereign MF has acquired a $5.2 million aged care facility for its Sovereign Viculus Aged Care Property Fund.

ATO to create single lost super gateway

ALEX DUNNIN  |  FRIDAY, 15 DEC 2006
The Australian Taxation Office (ATO) is to create a single and simplified gateway for people looking to find their lost or unclaimed superannuation.

Not-for-profits winning but master trusts catching up

ALEX DUNNIN  |  FRIDAY, 15 DEC 2006
Default investment options of not-for-profit funds as a group continue to outperform master trust default options but the gap has narrowed by two-thirds in just the last three years.

Investment Stewardship Awards to be launched at Melb Symposium

ALEX DUNNIN  |  FRIDAY, 15 DEC 2006
The 2007 Melbourne Financial Services Symposium (MFSS) will include the inaugural 2007 Investment Stewardship Award, sponsored by the Victorian Government.

CBA rolls out new business banking channel

HAMISH MADDEN  |  FRIDAY, 15 DEC 2006
The Commonwealth Bank of Australia (CBA) has unveiled CommBiz, a new online banking channel for business, corporate and institutional clients which it hopes will underpin its 2007 business banking strategy.

Netwealth wins Investment Trends innovation award

ALEX DUNNIN  |  THURSDAY, 14 DEC 2006
The netwealth platform has been named the 2006 most innovative platform by industry researcher Investment Trends.

Orix sells to Allco

WWW.THESHEET.COM  |  THURSDAY, 14 DEC 2006
Finance company Orix Australia has sold three of its five business divisions to Allco Finance Group. The business, equipment and commercial property finance operations will form part of the restructure of Allco Hybrid Investment Trust, which was announced ...

BankWest moves up the rankings

HAMISH MADDEN  |  THURSDAY, 14 DEC 2006
BankWest will end 2006 as the seventh largest retail deposits bank in the country overtaking Suncorp, according to Australian Prudential Regulation Authority (APRA) figures.

Stringent orders for winding up of Sovereign fund

HAMISH MADDEN  |  THURSDAY, 14 DEC 2006
The Supreme court of Queensland has denied an Australian Securities and Investments Commission (ASIC) application for an independent liquidator to be appointed to wind up the Sovereign Prudential Fund.