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Superannuation

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.

Macquarie Clean Tech Fund raises $120m

ALEX DUNNIN  |  THURSDAY, 14 DEC 2006
Macquarie Funds Management Group has closed the first stage of its Clean Technology Fund after raising more than $120 million.

CFS raises its glass to $30b for FirstChoice

HAMISH MADDEN  |  WEDNESDAY, 13 DEC 2006
Colonial First State is ending the year on a high as its FirstChoice platform clocks up $30 billion in funds under administration with growth of 50 per cent over the calendar year.

New tool to benchmark personal financials

HAMISH MADDEN  |  WEDNESDAY, 13 DEC 2006
A new online service called Wealth benchmarks will make it possible to benchmark and compare individual financial information, including salary, mortgage, net worth and superannuation.

EQT expands into Queensland

ALEX DUNNIN  |  WEDNESDAY, 13 DEC 2006
Equity Trustees Limited (EQT) has expanded into Queensland, opening its first office in the sunshine state.

Allco hunts niche finance acquisitions

WWW.THESHEET.COM  |  WEDNESDAY, 13 DEC 2006
Allco Finance Group will turn the Allco Hybrid Investment Trust into a listed company and use it as a vehicle for a move into a range of additional finance company activities covering agribusiness finance, lending for property development, mezzanine ...

FKP Core Plus Fund proves attractive

HAMISH MADDEN  |  TUESDAY, 12 DEC 2006
FKP Funds Management today announced that its FKP Core Plus Fund had closed "significantly oversubscribed" after raising $136 million from 17 wholesale investors.