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Superannuation

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.

Corporate tax needs to be more competitive: KPMG

A KPMG study of corporate tax rates in 86 countries found that those with the most attractive corporate tax enjoyed higher than average economic growth, and suggested there's room for Australia's tax rates to be more attractive to offshore investors.

Ironbridge rounds up $1b in PE capital raising

ALEX DUNNIN  |  THURSDAY, 2 NOV 2006
Private equity manager Ironbridge Capital has just raised $1.05 billion from Australian and international institutional investors to fund their next round of investments.

Macq Wrap to roll-out STP for FP software providers

HAMISH MADDEN  |  THURSDAY, 2 NOV 2006
Macquarie Adviser Services has announced its intention to roll-out straight-through processing (STP) capabilities between Macquarie Wrap and leading financial planning software products XPLAN, VisiPlan and its own Coin Software.

Innovation is king: Russell

Innovative thinking has the power to increase investor returns without the extra risks, said Russell Investment Group's US based chief investment officer, Tom Hanly, at a Sydney conference today.

Multiport SMSF receives UK pension roll-over approval

HAMISH MADDEN  |  THURSDAY, 2 NOV 2006
Multiport and Vantage Financial have partnered to facilitate tax efficient UK pension fund transfers to Australia.

Former Zurich CFO banned by APRA

HAMISH MADDEN  |  THURSDAY, 2 NOV 2006
The Australian Prudential Regulation Authority (APRA) has disqualified a former Zurich Australian Insurance Limited (ZAIL) chief financial officer for his role in deliberately overstating the company's financial position.