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Superannuation

Russell opens 'best ideas' fund to retail investors

HAMISH MADDEN  |  TUESDAY, 31 OCT 2006
Russell Investment Group has launched a retail version of its 'best ideas' Select Holdings Strategy.

FPA reports finances and enrolments on the up

HAMISH MADDEN  |  TUESDAY, 31 OCT 2006
Ahead of its annual general meeting (AGM) on 24 November, the Financial Planning Association (FPA) has announced an operating surplus of $606,000 as well as record enrolments into the CFP® program.

LGSS reaps $6m from SRI

The Local Government Superannuation Scheme's (LGSS) initiative to follow a strict socially responsible investing (SRI) policy paid off to the tune of more than $6 million, proof you don't have to be bad to be good.

Daily economic round-up

PETER BELL  |  TUESDAY, 31 OCT 2006
The first nationwide natural resource management survey by the ABS has revealed the economic cost of ensuring the upkeep of the nation's natural resources that are used for agriculture. During the period 2004-05 farmers spent about $3.3 billion on natural ...

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 ...