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Superannuation

MIR scores $100m from Catholic Super and Retirement

HAMISH MADDEN  |  WEDNESDAY, 25 OCT 2006
MIR has secured a $100 million mandate from the Catholic Superannuation and Retirement Fund (CSRF) to be invested in its MIR Australian Equities Fund.

Ban default super funds: FPA

ALEX DUNNIN  |  WEDNESDAY, 25 OCT 2006
The Financial Planning Association (FPA) has called for default super fund selections to be banned because they block consumers from developing customised retirement strategies.

Future Fund is a government subsidiary: IMF

ALEX DUNNIN  |  WEDNESDAY, 25 OCT 2006
Despite arguments by the Future Fund board that it acts independently of politics, the International Monetary Fund (IMF) has stated the obvious in saying it is a subsidiary of government.

CFDs close in on share trading

Contracts for difference (CFDs), a derivatives product which came out of nowhere five years ago, are now the second most popular trading instrument in the country with the Australian Stock Exchange (ASX) gearing up to launch their version next year.

Reverse mortgage regulation lacks cohesion

HAMISH MADDEN  |  TUESDAY, 24 OCT 2006
Regulation is one of the key talking points around the equity release and reverse mortgage industry, but the Senior Australians Equity Release Association of Lenders (SEQUAL) conference last week heard that no one body yet has the jurisdiction to regulate ...

Not sold on high conviction: WestLB Mellon

Concentrated or high conviction funds are great but diversified long-short funds are even better, according to a performance comparison study by investment manager WestLB Mellon Asset Management (WMAM).

What savings problem?

Australians are saving more and spending less against rising fuel costs and other living expenses, according to a Commonwealth Bank survey released yesterday.

Insurance brands to stand in Promina and Suncorp merger

WWW.THESHEET.COM.AU  |  TUESDAY, 24 OCT 2006
The house of brands approach used by Suncorp and Promina will remain in place following the merger of the two, but with some refinement.

AXA's value of advice translating into happy customers

HAMISH MADDEN  |  MONDAY, 23 OCT 2006
Research commissioned by AXA Financial Planning to gauge the success of its 'value of advice' strategy found that more than 90 per cent of clients were so happy with their adviser they would recommend them to friends and colleagues.

Bluestone crossing the Tasman for NZ equity release

HAMISH MADDEN  |  MONDAY, 23 OCT 2006
Equity release specialist group Bluestone is expanding its footprint across the Tasman with the launch of a range of equity release products in the New Zealand market.