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Superannuation

Another Dimension to DFA

Flush from the success of its current suite of products, leading fund manager Dimensional Fund Advisors (DFA) has today launched a new fund that follows the same winning formula but with a global tilt.

Access all asset classes: Vanguard

HAMISH MADDEN  |  MONDAY, 4 DEC 2006
The outlook for most asset classes is healthy for 2007, according to Vanguard, but the most pragmatic and cost effective way to gain exposure across all asset classes is through properly diversified passive investing.

Beware of Christmas credit card fraud

Leading credit card research firm CANNEX has urged consumers to watch their credit card transactions over Christmas as high credit card usage over the period increases the chances of fraud.

Data quality a global problem

ALEX DUNNIN  |  MONDAY, 4 DEC 2006
According to a new survey by AIM Software, the global financial industry continues to struggle complying with Basel II, Markets in Financial Instruments Directives and the Sarbanes-Oxley Act, citing data quality as their biggest problem.

FEAL appoints three new directors

The Fund Executives Association Ltd (FEAL) has appointed three new directors to the board following its Annual General Meeting (AGM) last week.

Foreign investors splash $13.8b on M&A

Foreign companies have spent a record $13.8 billion in acquiring Australian companies in the first 11 months of 2006, up 91 per cent compared to last year's figures, according to research by KPMG's Corporate Finance practice.

Ex-FAI financial controller sentenced

Antony Boulden, 42, a former financial controller of the corporate and professional insurance division of FAI General Insurance Company (FAIG), was sentenced to 12 months imprisonment to be served by periodic detention.

Up and down the fee chain: Mercer

Mercer Investment Consulting has released a global study of institutional management fees that found which asset classes charge a lot and country-by-country fee differences.

Macq splits the wrap

Macquarie Adviser Services has introduced a super splitting feature in the Macquarie Wrap platform despite reports that other savings strategies introduced in the Costello budget proposal have superceded the benefits of super splitting.

Wealth managers will have difficulty with AML

WWW.THESHEET.COM.AU  |  FRIDAY, 1 DEC 2006
The financial services organisations that will struggle most with the introduction of anti-money laundering programs are those that may otherwise be least affected by it - the life companies and investment managers in the wealth management sector.