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Superannuation

Absolute returns not high risk

ALEX DUNNIN  |  WEDNESDAY, 8 NOV 2006
Super funds increasing their allocations to hedge funds and absolute strategies are not increasing their risk weightings because such strategies are really aimed at adding greater diversification.

Financial Wisdom trumpets its Platinum Advantage

HAMISH MADDEN  |  WEDNESDAY, 8 NOV 2006
Financial Wisdom's Platinum Advantage program has so far been a resounding success with affiliated planners and their clients.

HIP in the spirit of giving out member benefits

HAMISH MADDEN  |  WEDNESDAY, 8 NOV 2006
Industry super fund Health Industry Plan (HIP) has unveiled a range of improved member benefits to see in the new year.

HESTA cranks up insurance for members

HAMISH MADDEN  |  WEDNESDAY, 8 NOV 2006
The Health Employees Superannuation Trust of Australia (HESTA) has announced it is rolling out sweeping insurance improvements to its 550,000 members.

BankWest raises high yield stakes

Barely a breath after the Reserve Bank lifted the cash rate by 0.25 per cent, BankWest has topped up the interest on its TeleNet Saver accounts to 6.8 per cent per annum, giving high yield funds a run for their money.

ASIC cautions over rate rise advertising

HAMISH MADDEN  |  TUESDAY, 7 NOV 2006
With the recent interest rate rise and another imminent, the Australian Securities and Investments Commission (ASIC) has cautioned lenders over advertising and promotional material which may not accurately reflect a rate rise.

Thomson Financial launches peHub private equity blogsite

ALEX DUNNIN  |  TUESDAY, 7 NOV 2006
Thomson Financial, responding to the surge in private equity investment activity, has launched Private Equity Hub, an interactive forum for the private equity venture capitalists, buy-outs professionals and service providers.

MIAA set for a new name

HAMISH MADDEN  |  TUESDAY, 7 NOV 2006
The Mortgage Industry Association of Australia (MIAA) is set to change its name to reflect the evolving nature of the industry and the different areas of financial services its members are now active in.

Rate rise drives home loan innovation

The ongoing interest rate rises will have a fundamental impact on the way mortgage products are designed and packaged, said Peter Bromley, general manager at LJ Hooker Financial Services.

Back the winning horse, all the time

Citigroup compared it to "choosing the horse after the race has run" when it launched a product that gives investors a pick from three multi-asset portfolios but the returns of the top performing portfolio, whether the investor chose it or not.