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Superannuation

Diversify out of Aust equities: van Eyk

HAMISH MADDEN  |  TUESDAY, 21 NOV 2006
On the back of recent research, van Eyk has warned planners they should be rebalancing their clients' portfolios away from Australian equities while they will need to search harder for local managers who are actually able to add value.

Anti-phishing industry code needed

WWW.THESHEET.COM  |  TUESDAY, 21 NOV 2006
Banks may have to abandon email as a customer communication method unless an industry-wide code of practice for electronic communications is designed.

FIIG raises $3.5m for next phase of growth

It's a small step for staff but a giant leap for fixed income specialist FIIG Securities Limited (FIIG) after the group completed a $3.5 million capital raising to fund the company's expansion.

Super funds write off Cross City Motorway stakes

Super funds State Super and the Australian Reward Investment Alliance (ARIA) have written down their investments in the Cross City Motorway and assured fund members that potential losses will not have a material impact on their funds' total returns.

Praemium puts in place UK board

HAMISH MADDEN  |  MONDAY, 20 NOV 2006
Praemium has announced the appointment of a UK board as the next step in its UK expansion strategy.

NCS head of sales and marketing departs

The head of sales and marketing at NAB Custodian Services (NCS), Mark Holberton, has left the company.

Capacity starting to bite Down Under

HAMISH MADDEN  |  MONDAY, 20 NOV 2006
Capacity constraints are starting to eat into Australian investment opportunities, according to Simon Ibbetson, S&P's director, investment consulting.

Failure to focus on after-tax letting down members

HAMISH MADDEN  |  MONDAY, 20 NOV 2006
Super funds are failing in their obligation to provide the best possible after-tax outcomes to their members, according to Richard Friend, head of portfolio management at Warakirri.

ING OneAnswer launches new adviser fee choices

ING has launched OneAnswer Select, a new product option on the OneAnswer platform that offers an easier and less costly alternative for financial planners looking to switch from commissions to a fee-for-service model.

Irish future fund puts faith in passive investing

The National Pensions Reserve Fund, Ireland's equivalent to Australia's Future Fund, has awarded a $5 billion ((€3 billion) passive equity mandate to Bank of Ireland Asset Management Limited (BIAM) and State Street Global Advisors (SSgA).