Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

AUI tops $4b FUM

Australian Unity Investments (AUI) is reaping the benefits of its diversification strategy after it unveiled a record $4 billion in funds under management (FUM) at the company's annual general meeting (AGM) yesterday.

Henry Financial Group joins Genesys

HAMISH MADDEN  |  WEDNESDAY, 25 OCT 2006
Financial Planning Association (FPA) director Leonie Henry's advice business, the Henry Financial Group, has joined the Genesys Wealth Advisers network.

Don't bury reverse mortgages in regulation: Martin

HAMISH MADDEN  |  WEDNESDAY, 25 OCT 2006
While discussions of reverse mortgages and equity release products seem to inevitably end up circling the issue of regulation, Chris Martin, head of the Over Fifty Group, issued a stern warning that the industry was at risk of being buried before it ...

Legg Mason launches US equities fund Down Under

HAMISH MADDEN  |  WEDNESDAY, 25 OCT 2006
Legg Mason has launched a new value oriented US equities fund for Australian wholesale investors.

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).