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Superannuation

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.

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).