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Superannuation

AFS begins restructure

HAMISH MADDEN  |  THURSDAY, 9 NOV 2006
Australian Financial Services Group (AFS) is about to undergo a major restructure that is designed to underpin the future success of the group.

Schroders casts net outside MSCI World

Financial advisers looking for a global equities fund with a twist should look no further than Schroders Global Active Value, a fund that invests in shares outside the traditional global benchmark MSCI World Index.

Return to sender costs millions: QAS

The humble mailing address is back in the spotlight as increasing automation of mail-outs means incorrect addresses are costing companies at least $25 million in 'return to sender' costs, and one too many irate customers, according to software firm QAS.

Suncorp-Promina merger relies on IT integration

WWW.THESHEET.COM  |  WEDNESDAY, 8 NOV 2006
A key part of Suncorp's merger with Promina relies on spending $395 million to integrate their information technology infrastructure in return for securing savings of $225 million within two years.

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.