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Superannuation

Skandia buys Intech to form $13b platform and research co

Platform provider Skandia has acquired investment consultant Intech for an undisclosed sum in a move that forms a massive platform and research group with over $13 billion in funds under management.

It's a wrap for UK pensions: Zurich

Zurich Financial Services Australia has announced that its wrap services are all stamped as 'Qualifying Recognised Overseas Pension Schemes' (QROPS) which will allow UK migrants to transfer their funds to Australia without heavy tax penalties.

Matrix planner wins AFA Rising Star Award

HAMISH MADDEN  |  MONDAY, 30 OCT 2006
Jason Danjoux, a Matrix Planning Solutions representative, has taken out the AFA Rising Star Award 2006 in a close decision over his fellow finalists.

Super fund ARIA buys Chifley Square

Australian Reward Investment Alliance (ARIA), the super fund for Australian government employees, showed it is serious about direct property after shelling out $84.5 million for a 92 per cent stake in 1 Chifley Square, an iconic building at the heart ...

Retiring at 65 unsustainable: Bernard Salt

ALEX DUNNIN  |  MONDAY, 30 OCT 2006
The current retirement age is unsustainable because it ignores how society and longevity have changed so dramatically.

Keating laments missed super opportunities

HAMISH MADDEN  |  MONDAY, 30 OCT 2006
Australia's stop-start superannuation reforms in the last decade, that have focused more on choice rather than actually boosting savings, have cost hundreds of billions of dollars in missed savings opportunities and we are only now starting to catch ...

Lo-doc broker to pay client compensation: ASIC

Small-time mortgage brokers who think they may be too insignificant to catch the ire of the Australian Securities and Investments Commission (ASIC) should take heed after the regulatory watchdog took legal proceedings against a Canberra-based lo-doc ...

Currency managers pray for Cruise antics

The latest State Street Global Research weekly report noted that the market lull in currencies is making foreign exchange (FX) traders wish that the markets would 'jump the couch', or exhibit strange, volatile behaviour a la Tom Cruise.

Select to focus on private equity with Barwon partnership

HAMISH MADDEN  |  FRIDAY, 27 OCT 2006
Select Asset Management has formed a partnership with private equity specialist Barwon Investment Partners to improve the private equity exposures of the Select Alternatives Portfolio.

Ord Minnett Enhanced Income Fund gets IWL thumbs up

HAMISH MADDEN  |  FRIDAY, 27 OCT 2006
The newly launched Ord Minnett Enhanced Income Fund has been rated a buy from IWL Research, with IWL pointing out several factors that differentiate the product in the market.