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Superannuation

Market wrap - midday

AAP  |  MONDAY, 6 NOV 2006
Making news this morning, Trans Tasman insurer Tower announced its shareholders have approved a demerger of its Australian and New Zealand businesses.

Investec measures value of advice

Investec Private Advisers is working on an ambitious plan to give clients automated reports that quantify how much Investec's financial advice adds, or subtracts, to the overall investment returns of their clients.

Prosperity Partners joins Consultum

WA-based advisory firm Prosperity Partners has joined forces with IOOF-backed Consultum Financial Advisers.

CommSec launches over-the-counter CFDs

HAMISH MADDEN  |  MONDAY, 6 NOV 2006
CommSec has announced the launch of a new over-the-counter contracts for difference (CFD) product to meet the needs of investors hungry for more CFD trading opportunities.

Former NAB adviser gets 8 years

HAMISH MADDEN  |  MONDAY, 6 NOV 2006
A former National Australia Bank (NAB) financial planner has been jailed for eight years for dishonesty and fraud relating to nearly $6 million of misappropriated funds.

Finsia wins fin services education excellence award

ALEX DUNNIN  |  MONDAY, 6 NOV 2006
Finsia's Graduate Diploma of Applied Finance and Investment has been awarded the Excellence in Education for Financial Services - Higher Education Category Award from the Financial Services Education Agency Australia (FSEAA).

QSuper hits $20b in quick time

HAMISH MADDEN  |  FRIDAY, 3 NOV 2006
QSuper has hit the magic $20 billion mark for funds under management, putting on the last $5 billion in just the last 17 months.

Joining a DB fund the ultimate choice

ALEX DUNNIN  |  FRIDAY, 3 NOV 2006
The forced demise of defined benefit (DB) super because of fund consolidation and a changing workforce has unfairly cast DB funds as last century thinking. But that totally misses the point.

First State Super 2006 SelectingSuper Fund of the Year

First State Superannuation Scheme has won the inaugural Rainmaker SelectingSuper Fund of the Year award among four other finalists.

ASIC bans Tweed but can't stop off-market traps

HAMISH MADDEN  |  FRIDAY, 3 NOV 2006
David Tweed, the perennial off-market shareholder predator, has been banned by the Australian Securities and Investments Commission (ASIC) from providing financial services.