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Superannuation

CPA gives guidance on SMSFs

Peak accounting body CPA Australia has developed a set of guidelines to help members who are advising their clients about SMSFs.

Modern kids are consumer savvy: CommBank

ALEX DUNNIN  |  WEDNESDAY, 15 NOV 2006
Just when we thought we'd seen the last of those financial literacy surveys, a new study of secondary school students has found half don't understand the word 'debit' while only one-quarter know what the word 'credit' means. But the surprising result ...

SMSFs are about control not speculation: IFSA

ALEX DUNNIN  |  WEDNESDAY, 15 NOV 2006
A new survey has found half of all self managed super fund members are aged 55 or younger who want control over their money rather than higher risk.

US slowdown won't hurt China

ALEX DUNNIN  |  WEDNESDAY, 15 NOV 2006
Fitch Ratings is optimistic China's economic growth will be unaffected by slowing US growth.

Russell Select scores $400m mandate

It's alpha-hunting in bulk after super fund Unisuper filled the entire institutional capacity of investment manager Russell's Select Holdings fund with a $400 million investment mandate.

MLC pools developed and emerging markets portfolios

Multi-manager giant MLC is the seed investor to Capital International's new 'All Country World' (ACWI) strategy, which combines investments in both developed markets and emerging markets under one roof.

Report your breach online: APRA

Superannuation licensees can no longer use the excuse that "it's in the mail" or that the "line was engaged" when reporting a license breach after the Australian Prudential Regulation Authority (APRA) launched an online 'Superannuation Breach Notification' ...

Franchises under CARE

Industry fund CARE Super is thinking laterally on how to reach potential members after it signed a sponsorship agreement with the Franchise Council of Australia (FCA), an association that represents the country's $128 billion franchising industry.

Daily Economic Round Up

PETER BELL  |  WEDNESDAY, 15 NOV 2006
The pay packets of management are back in the spotlight with news that the average salary of chief executives in Australian chief executives has risen by about three hundred per cent over the last couple of decades and that within the top 50 companies ...

AFA unveils new board

HAMISH MADDEN  |  TUESDAY, 14 NOV 2006
The Association of Financial Advisers (AFA) has unveiled its new board and the recent elections have resulted in a dramatic revamp.